Societe Generale links FX algo fees to ESG targets
Clients face penalties if they fail to meet sustainability criteria during algo rental period
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
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