Société Générale and Calyon finalise brokerage merger
Newedge, will be controlled 50:50 by Société Générale and Calyon and will have a bank status. It will be headquartered in Paris, and is expected to have a combined staff of around 3,000. On a pro forma basis as at December 31, 2006, the combined entity handled more than 1.3 billion contracts, with sales of over €1 billion ($1.38 billion).
In addition to its core business as a Futures Commission Merchant (FCM), the new entity will continue to offer a range of complementary execution services on
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