{"id":94630,"date":"2020-05-15T01:23:00","date_gmt":"2020-05-14T23:23:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/societe-generale-finalises-the-acquisition-of-emc-activities\/"},"modified":"2020-05-15T01:23:00","modified_gmt":"2020-05-14T23:23:00","slug":"societe-generale-finalises-the-acquisition-of-emc-activities","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/societe-generale-finalises-the-acquisition-of-emc-activities\/","title":{"rendered":"Societe Generale finalises the acquisition of EMC activities"},"content":{"rendered":"<p>It covers the activities of ETF market-making, which consists of ensuring the market<br \/>\nliquidity for ETFs issuers and of executing orders for institutional clients, as well as the listed<br \/>\ninvestment products offered to sophisticated retail investors, such as warrants and certificates. <\/p>\n<p>The transfer of EMC\u2019s flow trading books including the exchange-traded product range, the market<br \/>\nmaking\u2019s and product issuance\u2019s systems is now completed. With the combination of Societe Generale\u2019<br \/>\nstrengths in cross asset derivatives and Commerzbank\u2019s leading expertise as exchange-traded<br \/>\nproducts\u2019 provider and market maker, clients will benefit from an enlarged product range, diversified<br \/>\nacross multiple countries and asset classes, as well as enhanced services.<\/p>\n<p>It is the last step of the integration of EMC activities within Societe Generale which has taken<br \/>\nplace gradually from the 2nd quarter of 2019. The integration of Commerzbank\u2019s active and passive<br \/>\ninvestment solutions, including the ComStage ETF range, was finalised end of last year within Lyxor<br \/>\nwith the launch of a new asset management branch in Germany.<\/p>\n<p>Issuer of the first warrant on the Paris stock exchange in 1989 and with more than 30 years of knowhow in derivatives, Societe Generale aims to offer an enriched range of services and flow investment<br \/>\nproducts, well-suited to the needs of investors, by capitalising on its culture of innovation, its<br \/>\nstructuring capabilities and the established expertise of Commerzbank\u2019s teams on exchange traded<br \/>\nproducts, especially in Germany.<\/p>\n<p><em>\u00ab In line with the Bank&#8217;s strategy to diversify its market business model by leveraging on its core<br \/>\nfranchises, the integration of these flow activities will allow us to reinforce our exchange-traded<br \/>\ninvestment solutions\u2019 offer and our pan-European footprint, notably in the German exchange-traded<br \/>\nproducts market, the most developed market in Europe. By combining our expertise, we position ourselves<br \/>\nas key player in the exchange-traded products in Europe and in Asia where we are already among the<br \/>\nmarket leaders \u00bb<\/em>, commented Jean-Fran\u00e7ois Gr\u00e9goire, Head of Global Market at Societe Generale.<\/p>\n<p><em>\u00ab Present in the country since 1886, this integration will enable Societe Generale to reach a new scale in<br \/>\nGermany by leveraging on Commerzbank\u2019s leading exchange-traded products franchise, its team and its<br \/>\nstate-of-the-art technology platform. With an enriched knowledge of the local market and integrated<br \/>\nmarket making capabilities, the Bank today offers to German clients a wider range of products and<br \/>\nservices \u00bb<\/em>, added Guido Zoeller, Group Country Head Germany &#038; Austria for Societe Generale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Societe Generale announces the finalisation of the acquisition of the Commerzbank\u2019s Equity Markets<br \/>\nand Commodities\u2019 (EMC) business with the integration of the exchange-traded investment<br \/>\nsolutions. <\/p>\n","protected":false},"author":20,"featured_media":94628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1718,1671,1651,1437,2103,1669],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/94630"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=94630"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/94630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/94628"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=94630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=94630"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=94630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}