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341 firms on file · 202 identified entity records 73 carry a published regulator notice

COUNTERPARTY FILE · last re-checked 2026-09

Société Générale (SG Markets FX) — institutional liquidity provider

This record reflects the current standing of Société Générale with noted gaps in licensing disclosures.

Societe Generale S.A. · Paris, France

evidence score
98/100

Licence, read literally

RegulatorLicence numberJurisdictionTierSource
ACPRnot verifiedFranceT1open source
ECB (prudential supervision)not verifiedEUT1open source
FCA (UK branch, Societe Generale London Branch)not verifiedUKT1open source
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.

Residuals a counterparty carries

2

  1. R01

    Unpublished licensing information

    Societe Generale's ACPR and FCA licence numbers are not published on their legal-information page.

    Source: firm disclosures page

  2. R02

    Self-measured liquidity claims

    SG's characterization of 'deep FX liquidity' is self-published marketing without independent verification.

    Source: selfMeasured

The claims ledger

Claims specific enough to be falsified — and the ones that remain the venue's own measurement.

Testable claims

  • SG's own page states 'SG Markets Foreign Exchange is a fast, secure and reliable way to electronically access Societe Generale's deep FX liquidity' via its online trading platform (info.sgmarkets.com/en/solutions/financial-institutions/service/foreign-exchange-products)
  • SG Markets FX one-pager describes the platform as offering pricing and execution on G10 and Emerging Markets (content.sgmarkets.com/E_FX_2024_ONE_PAGER)
  • SG's wholesale-banking FX-for-corporates page describes 'electronic FX liquidity provision' through a dedicated corporate sales team (wholesale.banking.societegenerale.com/en/solutions/markets/fixed-income-and-currencies)

Claims we cannot verify from outside

  • 'deep FX liquidity' characterisation is self-published marketing

Perimeter and coverage

Asset classes
FX spot, FX forwards, FX swaps, NDFs, FX options, G10 and Emerging Markets
Venues
SG Markets Foreign Exchange (online trading platform), SG Delta (FX derivatives online platform), FX Bridge (options liquidity provision, third-party platform)
Connectivity
FIX, SG Markets web platform, SG API
Clients accepted
Banks, Brokers, Asset managers, Hedge funds, Corporates
Explicitly refused
Retail clients
A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as disclosure, not as a defect.