Societe Generale is planning to extend its direct market access and algorithmic trading capabilities to Dublin-listed stocks, following its admission as a member firm of the Irish Stock Exchange.
SocGen has started operations as a primary dealer in Irish government bonds following approval from the ISE to engage in trading, clearing and settlement activities, issued on 20 August. The bank will begin trading equities and exchange-traded funds on the exchange’s electronic trading platform, ISE Xetra, from late September and will also provide related clearing services.
A spokesperson said that SocGen plans to offer direct market access to Dublin for institutional clients and “adapt our suite of algorithms for this market”.
Admission of SocGen brings the ISE’s trading membership to 37 firms.