Société Générale Turbo Life
Société Générale introduces Turbo Life in the Netherlands
With the official launch of the Turbo Life on Euronext Amsterdam, Société Générale is taking a new step on the market for turbos. Ernst Gevaerts, Head of Cross Asset Retail Distribution Sales, opens the trading day by sounding the gong.
Turbos are listed investment products with leverage. In contrast to classic turbos, the innovative Turbo Life will not be deactivated if the stop loss-level is exceeded. Within 15 minutes after reaching the stop-loss level, an adjustment of the product features (funding level, stop loss level, parity) takes place, after which it can be traded again.
Ernst Gevaerts, responsible for the distribution of listed products of Société Générale in the Netherlands: ‘This innovation meets the often-heard desire of turbo-investors to have the ability to remain in the market and therefore benefit from a possible recovery after a sudden movement in the market.’
For more information: www.societegenerale.com