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Brief: Penson selects Ubitrade for futures clearing

28 August 2002  |  2709 views  |  0 Brief: Penson selects Ubitrade for futures clearing

Montreal-based broker-dealer Penson Financial Services Canada has purchased Ubitrade's futures and options straight-through-processing (STP) solution to support its recent move into the clearing of futures transactions.

Penson's first futures clearing client is local brokerage The Jitney Group.

The Ubitrade package is based on Oracle, C++, HTML and XML.

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