ISE Admits Société Générale S.A. As A Member Firm Of The Irish Stock Exchange

The Irish Stock Exchange (ISE) has admitted Société Générale S.A. (“Societe Generale”) as a member firm of the ISE. Societe Generale’s 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 21st 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 Exchange’s electronic trading platform, ISE Xetra and the provision of related clearing services. This will enhance the liquidity and depth of the Exchange’s order book and broaden the range of international participants in the Irish market.

Brian Healy, Director of Traded Markets, Development, Operations at the Exchange said “We are delighted to welcome Société Générale 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 Exchange’s commitment to increasing and internationalising its trading member firm base, which now numbers 37.”