Societe Generale Eyes PHLX Broadens Options Horizons
BANKS
In an effort to cut a wider path in the options market, the New York office of Societe Generale (Soc. Gen.) started making markets in Deutsche mark and sterling interest rate options last week and is poised to become market makers in foreign currency options on the Philadelphia Stock Exchange (PHLX) pending regulatory approval.
Sources at the bank say management will be "euphoric" when final approval is given to their subsidiary, Societe Generale Options-North America, Inc. to operate on the PHLX
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