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Tag Archives: SG Prime Services

FCM Outlook 2016: Brokers Finding New Fields Of Green Blog,Commentary

Futures Commission Merchants have not had an easy time of it in the years since the 2008 Financial Crisis and the subsequent regulatory and interest rate avalanche. For many firms, it’s been a perfect storm of financial crisis, low to no interest rates and volatility, and an ongoing crush of new rules and regulations from U.S. and European regulators. For some firms, the combination has been stifling, while others have shut down or sold out to other, stronger players. In January, the number of FCMs stood at around 60, down from 139 in 2008, according to data from the National…

We Can Rebuild It: SocGen Prime Services Group Reengineered And Growing Blog,Commentary,Special Report

 When Societe Generale struck a deal to buy Newedge in its entirety in 2014, some in the industry wondered one simple question — why? Newedge had been on the selling block for years and futures broking and clearing was not, and still is not, considered a hot growth area in the derivatives space. Societe Generale and Credit Agricole held a 50/50 stake in Newedge at the time. But SocGen, as it is often called, decided Newedge was worth the investment. In May 2014, SocGen purchased Credit Agricole’s half for $371 million and devised a new plan to combine the strengths…