Newedge Group is a global multi-asset

brokerage A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confu ...

that was formed in 2008 from the merger of

Fimat {{Infobox company , name = Fimat , logo = FimatTagline.jpg , logo_size = 180px , type = Subsidiary , company_slogan = , foundation = June 1986, , location = Paris, France , key_people = Patrice Blanc (Chairman) François ...

and

Calyon Financial Calyon Financial was a subsidiary of Calyon specializing in institutional futures and options brokerage, and was also a member of the Crédit Agricole Group. The company was established in 1987 as Carr Futures, with offices in Chicago, Paris an ...

, the brokerage arms of French financial companies

Société Générale Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale ...

and

Credit Agricole Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), ...

, respectively. It offers execution, clearing, and prime brokerage services. Newedge is one of the world's largest

futures commission merchant A commodity broker is a firm or an individual who executes orders to buy or sell commodity contracts on behalf of the clients and charges them a commission. A firm or individual who trades for his own account is called a trader. Commodity contra ...

s (FCM) and has locations in 14 countries. Newedge, which primarily serves institutional clients, provides access to more than 85 exchanges and employs approximately 2,400 associates.

Background

Calyon Financial history

Carr Futures was established in Chicago, Paris and Singapore in 1987. Three years later, it acquired the Drexel brokerage teams. In the early 1990s, the company opened offices in London, Madrid, New York City, and Tokyo.

Crédit Agricole Crédit Agricole Group (), sometimes called La banque verte ( en, The green bank) due to its historical ties to farming, is a French international banking group and the world's largest cooperative financial institution. It is France's second lar ...

acquired Carr in 1996. The following year, the company acquired the institutional futures division of

Dean Witter Dean Witter Reynolds was an American stock brokerage and securities firm catering to a variety of clients. Prior to the company's acquisition, it was among the largest firms in the securities industry with over 9,000 account executives (ranking t ...

, and diversified into

commodities In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a comm ...

and

foreign exchange market The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspec ...

s. In the early 2000s, Carr added offices in Houston and Montreal, and changed its name to Calyon Financial in 2004.

Fimat history

Fimat was established in 1986, following the creation of the French futures and options exchange in February of that year. Fimat Futures USA, Inc was formed in Chicago on January 3, 1989. In 1991, Fimat started its USA DPG desk, in New York, with value added execution of futures. The company opened an office in Canada in 1994. The following year, it acquired Brody White and diversified into commodities. The Global FX product line launched in 1999. Fimat began cross-margining with its Fimatrix project in 2001. It acquired the assets of Preferred Trade in the United States in 2005, Cube Financial the next year, and Japanese commodity broker Himawari the year after that.

Products and services

The new combined company, Newedge Group, formed in 2008, and primarily serves institutional clients, offering products involved in global asset execution, global asset clearing,

prime brokerage Prime brokerage is the generic name for a bundled package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest ...

solutions, global asset financing and

market research Market research is an organized effort to gather information about target markets and customers: know about them, starting with who they are. It is an important component of business strategy and a major factor in maintaining competitiveness. Mark ...

. The firm is also versed in navigating

money market The money market is a component of the economy that provides short-term funds. The money market deals in short-term loans, generally for a period of a year or less. As short-term securities became a commodity, the money market became a compon ...

instruments,

bond Bond or bonds may refer to: Common meanings * Bond (finance), a type of debt security * Bail bond, a commercial third-party guarantor of surety bonds in the United States * Chemical bond, the attraction of atoms, ions or molecules to form chemical ...

currencies A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general def ...

equities In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

, and

on the OTC market. In addition to these products, Newedge offers an electronic platform for trading and order routing, cross margining, and the processing and centralized reporting of client

portfolio Portfolio may refer to: Objects * Portfolio (briefcase), a type of briefcase Collections * Portfolio (finance), a collection of assets held by an institution or a private individual * Artist's portfolio, a sample of an artist's work or a ...

s. Newedge's market coverage includes ETFs (exchange traded funds), cash markets and OTC

derivative In mathematics, the derivative of a function of a real variable measures the sensitivity to change of the function value (output value) with respect to a change in its argument (input value). Derivatives are a fundamental tool of calculus. F ...

s pertaining to fixed income, interest rates,

Forex The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all as ...

(foreign exchange), metals,

and

indexes Index (or its plural form indices) may refer to: Arts, entertainment, and media Fictional entities * Index (''A Certain Magical Index''), a character in the light novel series ''A Certain Magical Index'' * The Index, an item on a Halo megastru ...

, and energy and emissions.

References

{{reflist

External links

Official Website
Crédit Agricole joint ventures Financial services companies of France Société Générale