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Penson signs thinkorswim Canada to securities services

18 January 2008  |  1902 views  |  0 Source: Penson Financial Services Canada

Penson Financial Services Canada Inc., a member of the Penson Worldwide (NASDAQ: PNSN) group of companies, and leading independent Canadian clearing firm, today announced it has entered into an introducing/carrying broker agreement with thinkorswim Canada, a newly launched member of leading U.S. online brokerage firm thinkorswim (NASDAQ: SWIM).

Tom Sosnoff, a founder of thinkorswim, comments: "At thinkorswim, we strive to meet our customers' highest standards and to serve the needs of the active investor in an efficient and timely manner. In Penson, we have found a partner that shares our exacting levels of professionalism and integrity, with a strong focus on service and technology."

John Skain, President, Penson Financial Services Canada, comments: "thinkorswim is a technology leader and we are very pleased to have this innovative and exciting firm as a client. This further establishes Penson as a leading provider within the Canadian online marketplace. Penson's flexible service model, combined with thinkorswim's unique business model offers investors efficient trade processing and settlement unrivalled in the industry."

Sosnoff adds: "Penson's industry knowledge, technical expertise, and entrepreneurial mindset promise to help us deliver the high-level service our investors require. thinkorswim is widely recognized for delivering innovative trading products; with Penson as our service provider, we will be able to retain our focus on ensuring that our investors have the latest and most efficient technology."

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