PRZOOM - /newswire/ -
London, United Kingdom, 2015/01/13 - Societe Generale has been awarded, for the first time ever, Global Derivatives House of the Year by the industry's leading trade magazine for derivatives and risk management - Newedge.com.
Risk Magazine also awarded Societe Generale’s global markets activities in two further award categories:
• Risk Solutions House of the Year
• Equity Derivatives House of the Year
The bank was recognised for its continued ability to innovate derivatives-based investment and risk management solutions in an constantly changing market.
Newedge (newedge.com), a 50/50 joint venture between Société Générale and Crédit Agricole CIB, is a major force in global multi-asset brokerage business, with a world-leading position in the execution and clearing of listed derivative products. With a presence in 19 locations in 14 countries, Newedge offers a full range of clearing and execution services covering options and futures contracts for financial products and commodities, as well as for money market instruments, bonds, FX, equities, and commodities on OTC markets. Newedge provides a range of value added services, including prime brokerage, asset financing, an electronic platform for trading and order routing, cross margining, and the centralized reporting of client portfolios. Newedge, which primarily serves institutional clients, provides access to more than 85 exchanges. Newedge's 2,700 employees form a close-knit, multinational team that can innovatively respond to its clients in fast-moving markets.
Societe Generale finalises the acquisition of Newedge, bringing its ownership to 100%.