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Specializing primarily in options brokerage and institutional futures, Calyon Financial is a former member of the Credit Agricole Group. Originally founded in 1987 - at which time the organisation was known as Carr Futures - Calyon Financial started out with offices in Singapore, Paris and Chicago. Credit Agricole acquired the organisation 1997, at which time its name was changed to Calyon Financial. Later in 2008, Calyon Financial joined forces with Fimat to create the new company Newedge, further strengthening its position and expanding its international reach.