SocGen adds three MTFs to clearing services

Société Générale Securities Services (SGSS) is broadening its clearing offering to act as a general clearing member on three new multilateral trading facilities (MTFs).
By None

Société Générale Securities Services (SGSS) is broadening its clearing offering to act as a general clearing member on three new multilateral trading facilities (MTFs).

SGSS will now be able to settle transactions and offer post-trade services to clients trading on BATS Europe, NYSE Arca Europe and Nasdaq OMX Europe.

SGSS already provides its brokerage clients and negotiators with access and post-trade services for Chi-X Europe, Turquoise, Smartpool and Equiduct.

The addition of three new MTFs will allow SGSS clients to centralise all the transactions they carry out on European regulated markets and trading platforms as well as streamline settlement operations through a single provider.

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