Calyon Financial was a subsidiary of Calyon specializing in institutional futures and options brokerage, and was also a member of the Crédit Agricole Group. Calyon Financial merged with Fimat to become Newedge, which was jointly owned in a 50/50 split between the two forming company's parent banks, Calyon and Société Générale. 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.