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 o

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: