Newedge, which primarily serves institutional clients, provides access to more than 85 exchanges and employs approximately 2,400 associates.

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.

In addition to these products, Newedge offers an electronic platform for trading and order routing, cross margining, and the processing and centralized reporting of client portfolios.

Newedge's market coverage includes ETFs (exchange traded funds), cash markets and OTC derivatives pertaining to fixed income, interest rates, commodities, Forex (foreign exchange), metals, equities and indexes, and energy and emissions.