21 August 2017
Find out more

Penson launches electronic trading service in Europe

03 February 2004  |  3949 views  |  0 Penson launches electronic trading service in Europe

Penson Worldwide, a provider of clearing, custody, and settlement services, is launching an electronic multi-market, multi-instrument trading system for its European client base.

The service comprises of a hosted order management system that covers the execution, clearing, custody and settlement of all European equities, exchange-traded derivatives and CFD Swaps.

Exchange connectivity is provided by the client's own exchange membership and via multi-market direct access software in partnership with RTS Realtime Systems. Clearing, settlement and custody is provided by Penson's established service.

Chris Gregory, director of execution services, Penson Worldwide, says "We wanted to provide our global client base with a 'one stop shop' trading solution that simplifies the processes within the increasingly sophisticated worlds of agency trading, as well as risk arbitrage, hedge fund and programme trading, and further improving straight-through processing."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Penson licenses MBA Systems' X-Trader application

Penson licenses MBA Systems' X-Trader application

02 December 2002  |  3027 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10425 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8691 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
8534 views 0 | 3 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8377 views comments | 10 tweets | 7 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7815 views comments | 16 tweets | 16 linkedin

Featured job

Find your next job