Penson Worldwide

13 results about this entity

Period: 17 Sep 2004 - 03 Nov 2009

Penson buys Broadridge clearing contracts; outsources tech services

Penson Worldwide has entered into a deal to buy the clearing contracts of Broadridge Financial Solutions' Ridge business for up to $70 million and then outsource some technology and processing services to the seller.

Data compression firm files patent infringement suits against banks and exchanges

A US firm specialising in data compression has filed lawsuits against a host of investment banks, stock exchanges and financial news and data outfits, accusing them of patent infringement.

Penson Worldwide faces $25m loss on exposure to failed Canadian broker

Shares in clearing, settlement and technology service provider Penson Worldwide have lost more than 39% after the company reported today that it has $25 million in exposure to Evergreen Capital Partners Inc., which has ceased operations.

Penson upgrades multi-client hosting with Coexis Syn~

UK-based clearing outfit Penson Financial Services (PFSL) is introducing a new outsourced settlement platform for institutional clients that utilises technology supplied by capital markets software house Coexis.

Penson buys Goldenberg, Hehmeyer & Co clearing unit

Securities trading and processing outfit Penson Worldwide has signed a deal to acquire the clearing service business of Chicago-based futures broker Goldenberg, Hehmeyer & Co (GHCO) for a reported $35 million in cash and stock.

Penson Worldwide appoints William McLemore tech chief

US securities trading and processing firm Penson Worldwide has appointed SunGard's William McLemore to the position of senior vice president and chief technology officer.

Penson Financial signs for FNX's Sierra ASP technology

Penson Financial Services Canada has licensed FNX Solutions' Sierra ASP platform to support its FX trading and back office operations in North America.

Penson to raise $100m through IPO

US securities trading and processing firm Penson Worldwide has filed for a $100 million IPO with the Securities and Exchange Commission.

Penson Worldwide to acquire Computer Clearing Services

Securities trading and processing outfit Penson Worldwide has acquired California's Computer Clearing Services, extending its global correspondent customer base to over 225 clients.

Penson adds Accurate NXG to hosted bureau service

Penson Financial Services, a provider of clearing and settlement services, is adding technology from Accurate Software to its hosted bureau system in order to automate reconciliation and exception management processes for its European clients.

Penson launches hosted FX service in North America

Penson Financial Services, a provider of execution, clearing, custody and settlement services to securities firms has launched a hosted online foreign exchange (FX) trading system, Penson FX, in North America.

Penson acquires Tick Data

Penson Worldwide, a provider of execution, clearing, custody and settlement services, has acquired Tick Data, a Virgina-based supplier of historical intraday financial data, for an undisclosed sum.