Today, six welcomes Societe Generale as the youngest liquidity provider in Quote On Demand (QOD), a RFQ solution for ETF exchange in six Swiss exchanges.
The ETF Quote on Demand (QOD) allows institutional investors to execute orders in a bidding process directly with registered liquidity providers – whose Societe Generale is now the sixth. The service offers price improvements compared to EBBO (European Best Offer and Offer) while benefiting from fully integrated, efficient post -trade processing.
Dimitris Mavroudis, ETF/ETP Head products on Six Swiss Exchange, commented:
“A warm welcome to Societe Generale as the new ETF QOD liquidity provider and a honest thank you for the great cooperation. We look forward to the additional liquidity of Societe Generale that will further increase the performance of our participants.
Ulf Mertens, head of linear products negotiating Europe at Societe Generale, added:
“This collaboration aims to provide more effective trading solutions for Swiss institutional customers, ultimately helping to have access to greater liquidity.”
Societe Generale is already a market manufacturer in 1,141 passive and 67 active ETFs among the total of 2,020 ETFs referring to six Swiss exchanges (every today).