Companies in need of investment banking and capital markets services call on Calyon. The subsidiary of French superbank Crédit Agricole possesses expertise in mergers and acquisitions advice; equity, debt and derivatives sales and underwriting; foreign exchange; brokerage; and structured finance. It is active in nearly 60 countries. The company's Chevreaux affiliate provides equity brokerage and research services in Europe. Calyon merged its US-based Calyon Financial subsidiary, which specializes in commodities and futures trading, with Société Géneralé's Fimat unit to form Newedge. Calyon and Société Géneralé each own 50% of the new company.