17 December 2017
visit www.aciworldwide.com

Penson launches electronic trading service in Europe

03 February 2004  |  4012 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  |  3076 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.thomsonreuters.infovisit www.ebaday.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10643 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
10277 views comments | 18 tweets | 36 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
7638 views comments | 10 tweets | 10 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7339 views comments | 19 tweets | 22 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6759 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job