Societe Generale links FX algo fees to ESG targets

Clients face penalties if they fail to meet sustainability criteria during algo rental period

FX-algo-fees-linked-to-ESG-targets
Risk.net montage

Spot foreign exchange is not an asset class that readily lends itself to environmental, social and governance goals. Trades are short-dated, with tenors often as brief as a single day, making it hard for dealers to link individual transaction fees to longer-term performance indicators. Societe Generale believes it has found a way.

The French bank is offering spot FX algorithms to buy-side firms, with fee structures reflecting a client’s ability to meet ethical targets over a defined period. The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: