The Irish Stock Exchange (ISE) has admitted Socit Gnrale S.A. as a member firm of the ISE.
Societe Generales membership is effective immediately and allows the firm to engage in a full range of trading, clearing and settlement activities on the ISE. From Friday 21 August, Societe Generale will operate as a Primary Dealer in Irish Government Bonds. The role of a Primary Dealer is to continuously make two-way markets in Irish Government bonds and to participate in competitive auctions organised by the National Treasury Management Agency.
In late September, the firm will extend its activities on the ISE to include the trading of equities and ETFs on the Exchanges electronic trading platform, ISE Xetra and the provision of related clearing services. This will enhance the liquidity and depth of the Exchanges order book and broaden the range of international participants in the Irish market.
We are delighted to welcome Socit Gnrale S.A. as a member firm of the Exchange. The addition of Societe Generale as a direct participant in both the fixed income and equity markets is a positive development for both the ISE and the Irish market in general, and is further evidence of the Exchanges commitment to increasing and internationalising its trading member firm base, which now numbers 37, says Brian Healy, director of Traded Markets, Development, Operations at the Exchange.
L.D.