Société Générale joins globalCOAL
LONDON AND SINGAPORE – 25 October 2010
globalCOAL® announced today that the French financial group and investment bank Société Générale has joined the globalCOAL trading platform as a Market Member.
Société Générale is one of the largest financial institutions in France, with activities in retail banking; specialist financing and insurance; private banking and asset management; and corporate and investment banking. Société Générale is present in 83 countries and is listed on NYSE-Euronext.
“The contingent of investment banks on the globalCOAL platform continues to increase,” notes Eoghan Cunningham, CEO of globalCOAL. “It’s a good indication that coal continues to be perceived as a significant trading opportunity for financial institutions, and one all the more attractive with the benefits brought about by clearing.”
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