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Derivatives

SG Cancels New Products Following Terror Attack

Société Générale has put all new equity derivatives products on hold while it re-evaluates the situation in the aftermath of last week's terrorist attacks, according to Dan Fields, managing director of equity derivatives in Sydney.

The French bank had planned to issue what would have been the first global warrant listed on the Australian Stock Exchange in the coming weeks, said Moghseen Jadwat, associate director in equity derivatives in Sydney. The warrants would have given investors based in Australia access to foreign indices, such as the Dow Jones Industrial Average and the Nasdaq Stock Market.

 

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