Société Générale has become the first issuer to use the CONNEXOR platform in the Spanish market. This innovation, successfully implemented by BME, has enabled the fully automated issuance of structured financial products, such as warrants, certificates, structured notes, and fixed income. The adoption of CONNEXOR brings significant advantages in terms of automation and standardization, facilitating uniform processes, high data quality, and cost savings.
The CONNEXOR platform allows issuers to increase both the number and variety of structured products while reducing their time to market. This is crucial in a volatile market, where the ability to offer attractive products to investors is essential. As a result, investors in the Spanish market are expected to enjoy a wider range of options to pursue their investment strategies.
The availability of CONNEXOR in Spain underscores the success of the synergies created between BME and SIX, improving efficiency in the competitive landscape of structured products. The platform is used throughout the entire value chain of BME, including Iberclear, as well as the Primary and Secondary markets. Other significant advances include the reduction of issuance and trading fees, the streamlining of the legal documentation review process, and the implementation of a four-digit quoting in leveraged products, offering greater price precision.
André Buck, Director of FI, Structured Products, and CONNEXOR at SIX, expressed satisfaction with Société Générale’s adoption of the platform in the Spanish market, highlighting how this demonstrates SIX’s ability to enable financial institutions to focus on their core business, reducing risks and operational costs.
On the other hand, Hélio da Silva Cláudio, Head of International Public Distribution at Société Générale, noted that the adoption of CONNEXOR in Spain represents a key milestone in further increasing their presence as a leader in the structured products market in the country. With a track record of successful use of CONNEXOR in the Swiss and European markets, the financial institution expects to replicate these successes in the Spanish realm.
For more information about CONNEXOR, interested parties can visit the BME website.
Referrer: MiMub in Spanish