Ambitious plans: profile of Newedge

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Philippe Teilhard de Chardin, global head of the prime brokerage group at Newedge in London, is quick to dispel the myth that Newedge is a one-trick prime broker with expertise only in managed futures and commodity trading advisors.The merger in January 2008 of Calyon Financial and Fimat to form Newedge gave the prime brokerage side a new impetus, says Teilhard de Chardin. He points out that Fimat already had product lines and expertise in different areas including futures, foreign exchange a