Today, SIX welcomes Societe Generale as its newest liquidity provider in Quote on Demand (QOD), an on-exchange RFQ solution for ETF trading on SIX Swiss Exchange.

ETF Quote on Demand (QOD) allows institutional investors to execute orders in a bidding process directly with registered liquidity providers – of which Societe Generale is now the sixth. The service offers price improvements compared to EBBO (European Best Bid and Offer) while benefitting from fully integrated, efficient 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:

“This collaboration aims to offer more efficient trading solutions for Swiss institutional clients, ultimately helping them access more liquidity.”

Societe Generale is already a market maker in 1,141 passive and 67 active ETFs among the total of 2,020 ETFs listed at SIX Swiss Exchange (per today).