SocGen extends ClickOptions to German market

SocGen extends ClickOptions to German market

Societe Generale has launched its ClickOptions speculative financial investment platform for private investors in the German market, in the first stage of a European expansion programme.

The product, which allows individual investors to place bets on the direction of leading stocks and financial indices, is being rolled out in Germany in partnership with financial Website Onvista.

First launched in France fifteen months ago, ClickOptions now claims some 2000 active traders. Customers currently carry out on average 1000 transactions per day, with 6000 options sold on July. The operation is targeting approximately 5000 to 6000 customers by end-2003, split between France and Germany.

ClickOptions has enhanced its product range for the German launch to include the domestic DAX index, as well as the principal German stocks such as Deutsche Telekom, SAP and Siemens. Analyses and Reuters data feed are available in German and a special customer relations team can be reached through a free of charge phone number.

Subscribers must open a cash account with the site and deposit a minimum of €150. The customer account is opened with ClickOptions in France. Bank transfers are made to a ClickOptions account held with SG Frankfurt to avoid international transfer charges.

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