Difference between revisions of "Newedge"

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__NOTOC__
| company_name = Newedge
{{Infobox_Company  
| company_logo =   [[image:Newedge.png]]
| company_name = Newedge Group
| key_people =     <!-- CEO, President, etc, don't need to list everybody -->
| company_logo = [[Image:Newedge-logo.jpg]]
| foundation =     2007
| key_people =   CEO [[David Escoffier]]
| location =       Paris
| foundation = January 2008
| employees =     <!-- Approx number of employees -->
| location =   Paris
| products =       <!-- Quick list of types of things company does or produces -->
| employees =   <!-- Approx number of employees -->
| homepage=       http://     <!-- No web site?  Just leave this line blank -->
| products =   Multi-asset execution and clearing, prime brokerage and asset finance
| homepage=   http://www.newedge.com
}}
}}
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<div class="item">[http://www.marketsreformwiki.com/mktreformwiki/index.php/Category:Newedge Newedge Comment Letters]</div>
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Newedge is a global multi-asset brokerage business that offers [[execution]] and [[clearing]] of listed derivative products. It is one of the world's largest futures commission merchants and has more than 2,400 employees across 19 locations in 14 countries. It is owned by [[Société Générale]], which acquired 100% of the company in May 2014 and renamed it "Société Générale Prime Services". <ref>{{cite web|url=http://www.erisfutures.com/EE/Societe_Generale_Takes_an_Equity_Stake_in_Eris_Exchange.pdf|name=Societe Generale Takes an Equity Stake in Eris Exchange|org=Societe Generale|date=March 16, 2015}}</ref>  <ref>{{cite web|url=http://www.thetradenews.com/News/Operations___Technology/Clearing___settlement/Newedge_in_talks_to_make_senior_hires_following_Wilson_exit.aspx|name=Newedge in talks to make senior hires following Wilson exit|org=The Trade News|date=August 29, 2014}}</ref>  Newedge was previously joint-owned 50% by SocGen and 50% by [[Credit Agricole]].


Paris - January 02, 2008 – Société Générale and Calyon have today concluded the merger of the brokerage activities of their respective subsidiaries, Fimat and Calyon Financial, which was announced on August 8th, 2007. This makes effective the operational launch of Newedge, a world leader in the execution and clearing of listed derivative products. The objective of both shareholders is to arrange an IPO for the new entity within 18 to 24 months.
Newedge's global platform comprises more than 85 global exchanges, allowing its clients to trade across the world from a single point of contact as well as to take advantage of Newedge's prime [[brokerage]] and financing services.


Newedge is controlled 50/50 by Société Générale and Calyon. Its Chairman, Marc Litzler, CEO of Calyon and the Vice-Chairman, Philippe Collas, Deputy CEO of Société Générale with responsibility for its Global Investment Management and Services division, have been appointed for a period of two years, with an alternation between Société Générale and Calyon.
== Background ==
Formed in 2008 as a 50/50 joint venture by Société Générale and Crédit Agricole CIB, Newedge acts as an impartial partner to its clients.  


Patrice Blanc, Chairman and CEO of Fimat, has been appointed CEO of Newedge and Richard Ferina, Chairman and CEO of Calyon Financial, will be Deputy CEO.
In addition to its shareholder banks, Newedge itself has banking status. As a bank, Newedge must meet strict banking standards pertaining to financial reserves and regulatory procedures.


Newedge offers clients a full range of clearing and execution services covering options and futures contracts for financial products and commodities, as well as for money market instruments, bonds, FX, equities, and commodities on OTC markets. Newedge also provides a range of value added services, including prime brokerage, asset financing, an electronic platform for trading and order routing, cross margining, and the processing and centralized reporting of client portfolios.
== Products and Services ==
 
Newedge gives its institutional clients access to over 70 markets worldwide. Headquartered in Paris and with operations worldwide, Newedge has around 3,000 staff, located in the world’s 25 major financial centres.
 
http://www.calyonfinancial.com/home.jsp
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The complete Newedge website will be available on 22 January.
Newedge offers a full range of [[clearing]] and [[execution]] services covering options and futures contracts for financial products and [[commodities]], as well as for money market instruments, [[bonds]], FX, [[equities]], and [[commodities]] on [[OTC]] markets. Newedge also provides a range of services, including prime [[brokerage]], asset financing, an electronic platform for trading and order routing, cross margining, and the centralized reporting of client portfolios. It primarily serves institutional clients.
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In June 2014, Newedge said it would close its grains desk on the floor of the Chicago Board of Trade.<ref>{{cite web|url=http://www.reuters.com/article/2014/06/04/cbot-newedge-closure-idUSL1N0OL22J20140604?type=companyNews|name=Newedge shutters grains desk on CBOT open-outcry floor|org=Reuters|date=June 5, 2014}}</ref> (Agricultural products will continue to trade electronically on Globex.)
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== History ==
{{Infobox Midpage Need Sponsor}}
 
== Products and Services ==


== Key People ==
== Key People ==
*[[David Escoffier]], CEO
*[[Olivier Hartemann]], Chief Operating Officer
*[[Christophe Mianne]], Chairman of the Board
*[[Francois Combes]] and [[Franck Borgel]], Global Co-heads of Commodities & Currencies
*[[Mark Gonzalez]], Head of OTC Clearing Sales


== References ==
== References ==
<references />
<references />
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Latest revision as of 23:19, 8 December 2021

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Newedge Group
Newedge-logo.jpg
Founded January 2008
Headquarters Paris
Key People CEO David Escoffier
Products Multi-asset execution and clearing, prime brokerage and asset finance
Website http://www.newedge.com

Newedge is a global multi-asset brokerage business that offers execution and clearing of listed derivative products. It is one of the world's largest futures commission merchants and has more than 2,400 employees across 19 locations in 14 countries. It is owned by Société Générale, which acquired 100% of the company in May 2014 and renamed it "Société Générale Prime Services". [1] [2] Newedge was previously joint-owned 50% by SocGen and 50% by Credit Agricole.

Newedge's global platform comprises more than 85 global exchanges, allowing its clients to trade across the world from a single point of contact as well as to take advantage of Newedge's prime brokerage and financing services.

Background[edit]

Formed in 2008 as a 50/50 joint venture by Société Générale and Crédit Agricole CIB, Newedge acts as an impartial partner to its clients.

In addition to its shareholder banks, Newedge itself has banking status. As a bank, Newedge must meet strict banking standards pertaining to financial reserves and regulatory procedures.

Products and Services[edit]

Newedge offers a full range of clearing and execution services covering options and futures contracts for financial products and commodities, as well as for money market instruments, bonds, FX, equities, and commodities on OTC markets. Newedge also provides a range of services, including prime brokerage, asset financing, an electronic platform for trading and order routing, cross margining, and the centralized reporting of client portfolios. It primarily serves institutional clients.

In June 2014, Newedge said it would close its grains desk on the floor of the Chicago Board of Trade.[3] (Agricultural products will continue to trade electronically on Globex.)

Key People[edit]

References[edit]