Algo FX Execution

ALGO FX EXECUTION

Fixed Income and Currencies

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OUR Fx ALGOS

We have developed a unique and comprehensive suite of Algorithmic Execution strategies aligned to the risk appetite of our clients TWAP+, NIGHTJAR, FALCON and LYREBIRD are designed to provide effective access to liquidity as well as optimise execution performance for FX SPOT, FORWARD and NDF.

FX ALGO VIDEO

Optimize the cost of your Spot FX algorithmic execution using Societe Generale's expertise and data

Pre-Trade FX Eagle Eye

EXECUTION SUPpORT

Why Societe Generale FX ALGOS?

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ANONYMITY Your algorithmic orders flow through a segregated process

REDUCED FOOTPRINT We apply logical decision-making to reduce signalling in the market and we utilise a variety of liquidity sources to protect the confidentiality of your order.

ESTABLISHED ALGORITHMS We use the same algorithms in the execution and hedging of our own market making books, and are continually refining them

TRANSPARENCY In the post trade process, you will benefit from a detailed Transaction Performance Analysis for total transparency

The Nightjar is a stealthy strategy, used when discretion is more essential than speed

The Nightjar algorithm inputs passive orders into the market (spread into different liquidity pools*) and aims for the highest level of discretion. It takes liquidity when opportunities arise

Used when discretion is more essential than speed

Built to replicate standard FIXING benchmarks

Used to vary intervals and avoid detection in the market

Used when speed is more essential than stealth

TWAP+ is an algorithm that allows you to trade along a predefined scheduled profile to get an average price over a time interval

The functionality introduces a camouflage mode which allows you to randomly vary intervals and help avoid detection in the market

The Falcon is a pro-active strategy, used when speed is more essential than stealth

As soon as a certain spot limit is reached, the Falcon algorithm targets several liquidity pools, seeking to execute your order as quickly as possible without leaving any visible trace

The Lyrebird is an algorithm built to replicate standard FIXING benchmarks, allowing you to be active in themarket during the fixing window.

A very detailed transaction cost analysis (TCA) to assess execution performance. As an option, the clients may receive an independent report from BestX, the leading third-party TCA provider for FX.

Real- time pricing and execution advisory 24 hours a day, 5 days a week

Post-Trade TCA & BestX

ESSENTIALS

DESCRIPTION: A fixing replication strategy EXECUTION STYLE: Medium to large amounts, predefines duration FOOTPRINT: Medium CLIENT RISK: Final price worse than the actual FIXING USE CASE: All main FIXING, possibility to add FIXING TRANSACTION COST ANALYSIS REPORT EXECUTION FEE

PARAMETERS

REPLICATED FIXING: BFIX, WMR - 8am, 1pm and 4pm (London Time) WAY OF THE ORDER: Sell or Buy, Currency 1 or Currency 2 NOMINAL: Of the order in Currency 1 or Currency 2

PARAMETERS

CURRENCY PAIR: A fixing replication strategy WAY OF THE ORDER: Sell or Buy, Currency 1 or Currency 2 NOMINAL: of the order in Currency 1 or Currency 2 EXECUTION TIMING: Start date, time and duration. All orders may be active until the roll of value date: NZD pairs: up to 7AM, Wellington time (8PM when in BST). Up to 5PM NY time for the other currency pairs (10PM London time in general) AUTO-ROLL FORWARD SPEED: SLOW, NORMAL or FAST LIMIT PRICE: Mandatory in order to protect the end-user against extreme market moves

ESSENTIALS

DESCRIPTION: A limit order that remains undetected until the market level matches its interest EXECUTION STYLE: Moderate amounts, Short duration, large amounts in liquid pars FOOTPRINT: High CLIENT RISK: Zero or partial execution USE CASE: Major currency pairs. Possibility to add crosses. GOOD TO KNOW: Client cannot access Societe Generale Internal liquidity pool TRANSACTION COST ANALYSIS REPORT EXECUTION FEE

ESSENTIALS

DESCRIPTION: A duration fixed strategy that splits its orders to minimize market impact and transaction costs EXECUTION STYLE: Large amounts, Medium to long duration FOOTPRINT: Medium CLIENT RISK: Being detected in the market USE CASE: All currency pairs. Possibility to add crosses GOOD TO KNOW: Stealth may be increased by randomizing the slice intervals and amounts. Client can access Societe Generale Internal liquidity pool TRANSACTION COST ANALYSIS REPORT EXECUTION FEE

PARAMETERS

CURRENCY PAIR: A fixing replication strategy WAY OF THE ORDER: Sell or Buy, Currency 1 or Currency 2 EXECUTION PERIOD: Start date and time / End date and time. All orders may be active until the roll of value date: NZD pairs: up to 7AM, Wellington time (8PM when in BST). Up to 5PM NY time for the other currency pairs (10PM London time in general). AUTO-ROLL FORWARD CLIPPING MODE TYPE: Automatic / Manual / Incremental / Decremental CLIP SIZE: In case of manual clipping mode LIMIT PRICE: Mandatory in order to protect the end-user against extreme market moves SPREAD CAPTURE: Option to leave passive orders between two“slices” to potentially benefit from market moves and improve execution price

ESSENTIALS

DESCRIPTION: A passive execution that aims at highest degree of stealth to remain undetected EXECUTION STYLE: Medium/ Large amounts, Medium to long duration FOOTPRINT: Low CLIENT RISK: Partial execution, final price worse than initial spot risk transfer price for full size USE CASE: All major currency pairs. Possibility to add crosses. GOOD TO KNOW: May not execute the full requested amount for some less liquid currency pairs. Client can access Societe Generale Internal liquidity pool TRANSACTION COST ANALYSIS REPORT EXECUTION FEE

PARAMETERS

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IMPORTANT INFORMATION The contents of this video are for purely informational purposes, have no contractual value and should not be considered a recommendation or advice. The product shown is not intended for retail investors. Please note that SG’s Algos will only be provided subject to SG’s Algo Terms and Conditions which will be made available to you prior to you using an Algo for the first time. In particular, SG Algos and the content thereof (including all text, information, data, software and codes) will be made available “as is” to you. The use of any SG Algo will be at your own risk and you assume full responsibility and risk of loss resulting from such use. SG does not make any representation or give any warranty of any kind regarding SG Algos and the results that may be obtained from their use. Further, save where expressly provided in the Terms and Conditions, all conditions, warranties or other terms which might have effect between you and us or be implied or incorporated into the Terms and Conditions or any collateral contract, whether by statute, common law or otherwise, will be excluded to the maximum extent permitted by law. Authorisation: Societe Generale is a French credit institution (bank) that is authorised and supervised by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) (the French Prudential Control and Resolution Authority) and regulated by the Autorité des marchés financiers (the French financial markets regulator) (AMF). Societe Generale London Branch is authorised by the Prudential Regulation Authority with deemed variation of permission and is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.

Accesibility: not compliant

for INSTITUTIONAL CLIENTS, professional investors and eligible counterparties only

Track in real-time the performance and behaviour of your Spot FX Algorithmic Execution. Follow the orders placed by your Algo across different liquidity pools.

LIVE TCA