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 and Singapore. In 1997, Carr Futures was acquired by Crédit Agricole, and in 2004, Carr Futures was rebranded as Calyon Financial. On January 2, 2008, Calyon Financial merged with

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 ...

to become

Newedge Newedge Group is a global multi-asset brokerage that was formed in 2008 from the merger of Fimat and Calyon Financial, the brokerage arms of French financial companies Société Générale and Credit Agricole, respectively. It offers execution, c ...

, which was jointly owned in a 50/50 split between the two forming company's parent banks, Calyon and

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 ...

. At the time of the merger, Calyon Financial was ranked 8th among FCMs by the CFTC, by segregated funds.

September 11 attacks

Calyon Financial, known at the time as Carr Futures, was located on the 92nd floor of the North Tower of the

World Trade Center World Trade Centers are sites recognized by the World Trade Centers Association. World Trade Center may refer to: Buildings * List of World Trade Centers * World Trade Center (2001–present), a building complex that includes five skyscrapers, a ...

. With its offices located a floor beneath the impact zone of

American Airlines Flight 11 American Airlines Flight 11 was a domestic passenger flight that was hijacked by five al-Qaeda terrorists on September 11, 2001 as part of the September 11 attacks. Lead hijacker Mohamed Atta deliberately crashed the plane into the North Tower ...

they narrowly escaped the actual plane crash. However, although the floor was intact and unaffected by the crash itself, its occupants were still trapped regardless, with all elevator shafts destroyed by the plane strike and the stairwells blocked by debri from the floors above. All 69 Carr Futures employees who came to work that day perished, with several 911 calls being made from its offices prior to the North Tower’s collapse. A number of staff found themselves trapped in a conference room when the door jammed shut as a result of the crash. Those that remained made their way to a smoke-free area of the floor, but by the time the building collapsed at 10:28 AM it quickly became filled with smoke and flames. The last 911 call before the North Tower fell was from Tom McGinnis, who called at 10:26 AM.

References

External links

* Crédit Agricole subsidiaries Defunct companies based in Chicago {{US-finance-company-stub