Fimat Banque

Fimat Banque

Company type	Subsidiary
Industry	Finance
Founded	June 1986 (June 1986)
Defunct	2008 (2008)
Fate	Merged
Successor	Newedge Group
Headquarters	Paris, France
Key people	Patrice Blanc (Chairman) François Bloch (CEO Fimat Banque)
Products	Financial services
Number of employees	1,900 (2008)
Parent	Société Générale
Website	www.fimat.com

Fimat Banque or Fimat was a French financial services company and stock broker that operated between 1986 and 2008 when it was merged to form Newedge Group. Fimat was part of French bank Société Générale Group.

At its peak, Fimat Group consisted of more than 1,900 staff in 26 market places and was a member of 44 derivatives exchanges and 19 stock exchanges worldwide. In 2006, Fimat achieved a global market share of 6.5% on major derivatives exchanges on which it was a member. In 2008 Newedge Group was established a global multi-asset brokerage from the merger of Fimat and Calyon Financial.

History

Fimat was established in 1986 and became a subsidiary of French bank Société Générale.

In January 2008, Fimat merged with the futures brokerage unit of Calyon, Crédit Agricole's investment bank, to create Newedge.

Operations

Fimat referred to all companies or divisions of companies owned directly or indirectly by Société Générale that include the Fimat name. Only Fimat USA, LLC. and Fimat Preferred was a member of the NASD (National Association of Securities Dealers) and SIPC (Securities Investors Protection Corporation). Fimat International Banque S.A. (UK Branch) was a member of the London Stock Exchange (LSE) and did not deal with, or for Private Customers (as defined by the Financial Services Authority). Fimat International Banque SA (Frankfurt Branch) only conducted business with market professionals and institutional customers. Only Fimat Canada Inc. was a member of the Canadian Investor Protection Fund (CIPF).

See also

• Commodity markets
• Société Générale