Fimat and Calyon Financial in merger talks

Société Générale and Calyon have entered into exclusive negotiations regarding a possible merger of their brokerage activities, which are currently carried out by Fimat and Calyon Financial respectively.

The newly formed entity would be a world leader in the execution and clearing of listed financial futures and options. This combined group would provide access to more than 70 derivatives exchanges for an international base of institutional clients. It would also be a major player in inter-dealer

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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