TradingScreen, the execution management system (EMS) provider of multi-broker, multi-asset class trading systems to the buy side community, announced the addition of Societe Generale Corporate & Investment Banking to TradeFX, TradingScreen's broker neutral community of FX liquidity providers.
According to the agreement, Societe Generale Corporate & Investment Banking will offer the TradingScreen Buy Side client base a full foreign exchange execution suite covering Spot, Forward and Swap deal types supported through RFQs and RFSs.
As one of the most active foreign exchange dealers in the world and a leading FX liquidity provider, the integration of Societe Generale Corporate & Investment Banking confirms TradingScreen's commitment to providing the buy side the broadest access to liquidity across the most prominent players in the FX arena, the company said in a release.
TradeFX, offers end users the ability to conduct transactions across the full spectrum of FX electronic trading models and venues, including Full Streaming (FS), Request for Stream (RFS) and Request for Quote (RFQ). This solution enables customers to trade FX as an asset class effectively and simply at a click of a mouse without complex integration across platforms. It also provides them with the ability to view consolidated quotes, including Spot, Forwards and Swaps, across multiple banks and liquidity systems. TradeFX interoperates real-time with assets classes available through TradingScreen to provide a fully automated Secondary FX capability to hedge exposure originated from trades and positions from other asset classes.
"One of our main priorities at Societe Generale is to provide high-quality services to our clients, and this includes providing better trading processes and best execution services. We are reaffirming this commitment by extending our FX eCommerce offering for clients through TradingScreen, a global provider of electronic trading solutions", commented Stephane Malrait, Global Head of eCommerce, Societe Generale Corporate & Investment Banking.
Commenting on the agreement Philippe Buhannic, CEO of TradingScreen Ltd said, "We are delighted to see a well recognized market maker and innovator like Societe Generale join our network of destinations and bring its liquidity and market expertise to the largest Buy Side electronic community in the business. TradingScreen clients are highly sophisticated in their trading and require counterparty that is committed to build the future of our markets by merging flawlessly their trading capability and top technology. We will continue to develop our services and network of destinations to the FX community in the coming years to better serve them". Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio