Newedge Group

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 acquired Carr in 1996. The following year, the company acquired the institutional futures division of Dean Witter, and diversified into commodities and foreign exchange markets. In the early 2000s, Carr added offices in Houston and Montreal, and changed its name to Calyon Financial in 2004.

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.