Socit Gnrale Securities Services announced today that its subsidiary Parel has received approval as a General Clearing Member (GCM) on the new pan European alternative trading platform, Chi-X limited.
SGSS can now ensure the clearing function on Chi-X for the other trading members of the platform. SGSS is already a GCM on most of the European markets and strengthens its offer by providing its clients with an access to the new trading multilateral platforms that are developing within the MIFID implementation frame.