Societe Generale Becomes Latest Liquidity Provider for SIX

SIX, the operator of SIX Swiss Exchange, has welcomed Societe Generale as its newest liquidity provider in Quote on Demand (QOD), an on-exchange Request for Quote (RFQ) solution for ETF trading. Societe Generale is now the sixth liquidity provider for this service.

ETF QOD allows institutional investors to execute orders through a bidding process directly with registered liquidity providers. This service aims to offer price improvements compared to the European Best Bid and Offer (EBBO) while benefiting from integrated post-trade processing.

Dimitris Mavroudis, Head ETF/ETP Products at SIX Swiss Exchange, commented, "A warm welcome to Societe Generale as our new liquidity provider in ETF QOD and a heartfelt thank you for the great collaboration. We look forward to the additional liquidity of Societe Generale that will further increase the execution performance of our trading participants." Ulf Mertens, Head of Linear Products Trading Europe at Societe Generale, added that this collaboration seeks to provide more efficient trading solutions for Swiss institutional clients, ultimately enhancing their access to liquidity.

Societe Generale currently acts as a market maker for 1,141 passive and 67 active ETFs out of the total 2,020 ETFs listed on SIX Swiss Exchange.