Penson Financial Services Ltd, a leading independent provider of
clearing services in the UK and a member of the Penson Worldwide, Inc.
(NASDAQ: PNSN) group of companies, won the award for Best Clearing
Service from the Systems in the City Awards. The annual awards are
organised by Goodacre, a leading specialist management consultancy,
training and recruitment company in the securities and finance
industries.
A panel of independent judges selected the Penson solution for its
exceptional flexibility, its leading edge technology and for the
outstanding service provided. All nominees were required to have
achieved system accreditation thus ensuring the standard of the
competition was extremely high. Penson was then chosen as the winner
based on proven performance of the service over the last 12 months.
"We are delighted to have attained this award,” said Clive Triance, CEO
of Penson Financial Services Ltd. "It represents a significant
endorsement from the heart of the industry that Penson today is
providing the best clearing service in the market. This has been a major
factor in our continuing to sign new business.”
The Penson solution is multi-asset class, multi-market and
multi-currency; fast, automated and efficient; and highly
customer-centric. The product suite has been developed in line with
market changes to support the growth and innovation needs of all client
types, be they broker-dealers, small trading firms, start-up companies
or large international banks.
The underlying technology – the STARS system – supports Model A, Model B
and custody services, but can also combine a number of these services
depending on correspondent requirements. In addition to clearing and
settlement, Penson supports CFDs, execution, cash management,
reconciliations, equities and derivatives.
About Penson Financial Services Ltd: www.penson.com/PFSL
Penson Financial Services Ltd (PFSL) is a leading independent clearing
services provider in the UK. With a reputation for expertise,
reliability and true customer-focused service, PFSL provides world class
integrated outsourcing solutions and direct access to more than 50
markets through a consolidated technology platform for global execution,
settlement, clearing, custody and securities financing, as well as
regulatory and compliance reporting. Using the global technology base
and scale of Penson Worldwide and its market expertise, PFSL has the
ability to reliably deliver real advantages to clients including lower
operating costs, lower liquidity requirements, flexible services and
more efficient processes.
About Penson Worldwide: www.penson.com
The Penson Worldwide group of companies provides execution, clearing,
custody, settlement and technology infrastructure products and services
to financial services firms and others servicing the global financial
services industry. The Penson Worldwide group of companies includes
Penson Financial Services, Inc., Penson Financial Services Canada Inc.,
Penson Financial Services Ltd., Nexa Technologies, Inc., Penson Futures,
Penson Asia Limited, and Penson Financial Services Australia Pty Ltd,
among other companies. Headquartered in Dallas, Texas, Penson has served
the clearing needs of the global financial services industry since 1995.
Penson Worldwide - Building the Best Clearing and Execution Services
Firm in the World.
Forward-Looking Statements
Statements contained in this news release that are not based on current
or historical fact are forward-looking in nature. Such forward-looking
statements are based on current plans, estimates and expectations.
Forward-looking statements are based on known and unknown risks,
assumptions, uncertainties and other factors. Actual results,
performance, or achievements may differ materially from any future
results, performance, or achievements expressed or implied by such
forward-looking statements. Penson undertakes no obligation to publicly
update or revise any forward-looking statement.
