17 October 2017
Register now

Penson to offer brokers Titan social media trading signals tech

14 April 2011  |  2030 views  |  0 Source: Penson Financial Services

Penson Financial Services, Inc. (PFSI), the US securities clearing unit of Penson Worldwide (NASDAQ: PNSN), today announced that it has entered into a revenue-sharing agreement to offer Titan Trading Analytics (TSX VENTURE: TTA) TickAnalyst signals to PFSI's retail and institutional correspondent brokerage firms.

This is the first of what is anticipated to be a series of new value added services planned for Penson correspondents. Penson had 430 correspondents as of year end 2010. Titan is a leading provider of behavioral trading research.

TickAnalyst's proprietary algorithms analyze historical equities tick data, combined with social media sentiment, to generate buy/sell recommendations. Recommendations can be streamed via PFSI's API or Titan's browser application. Orders can be electronically executed through PFSI's FIX Gateway.

"This is the first time retail brokers will be able to provide customers with quantitative trading signals that incorporate social media sentiment," said Sean Malloy, Senior Vice President & Director of Global Sales & Marketing, Penson Worldwide. "It also is the first time independent institutional brokers will be able to provide clients with a signal service at a far more economical price than buying it from bulge bracket brokers or developing one in-house. We believe it will be particularly appealing to our active retail and high volume institutional brokers."

"Titan's analysts have spent tens of thousands of hours devising and optimizing our trading strategies, which have generated positive returns in 76% of all months over the last six years," said John Coulter, President & CEO of Titan. "They factor in a wide range of trader emotions, help users steer clear of human pitfalls, and can be tuned for intraday, swing or portfolio style traders. We cover all stocks in the S&P 500, Russell 2000 and S&P/TSX composite indices. We'll initiate on European stocks by mid-year."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comRegister nowvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15052 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8290 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7745 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7131 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6311 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job