2009 Financial Report

Positive results in a challenging 2009: The year 2009 was characterized by a general slowdown in activity for global listed derivative products and a tightened interest income environment. However, despite these adverse conditions, Newedge recorded positive results, outperforming the market while making significant progress on key internal organizational alignments. The year marked the end of a two-year transition period following the merger that created Newedge as we finalized integration, streamlined our systems and controlled general costs. Our performance, in the face of these challenges, gives us confidence that our development strategy is efficient and effective, and that Newedge is well positioned for a successful future.

Capitalizing on our leadership position: Our objective is to continue our quest to become the premier, global multi-asset broker of financial products. Operating as an agency model, we minimize potential conflicts with our customers while providing traditional and innovative solutions to their needs, driven by our experienced and well-respected employees. We will accomplish our objectives through implementation of a global Business Line organization while pursuing strategic opportunities, all while maintaining or reducing our costs and continuing to adhere to our Principles of Conduct. We aim to capitalize on our leadership position to help our clients meet their new needs in an environment that will be highlighted by a steady migration of trading from OTC to an exchange traded and centrally cleared model.

Perspectives: The economic unrest of the last two years has led to significant evolution within the financial sector. At Newedge, we are fully committed to understanding these changes, knowing that the key to our success lies in our ability to adapt quickly. By embracing change we equip ourselves for tomorrow and can take the lead in mapping the brokerage industry of the future. Our agility and our increasing status as an industry leader should help us attract the finest talent, which, in turn, will ensure our continued growth. With this backdrop, it is clear that we are on course to fulfill our ambitions to become the leading global agency broker and clearing firm across a broad range of listed and OTC derivatives, FX and securities. We look forward to sharing our results and our perspectives with you.

Download the 2009 Newedge Financial Report