This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Penson Adds Canadian Fixed Income Products To US Broker Bond Platform

Penson Worldwide, Inc. (NASDAQ: PNSN), a leading provider of execution, clearing, settlement, custody and technology products and services to the global financial services industry, today announced that correspondents of its U.S. subsidiary, Penson Financial Services, Inc. (PFSI), now have access to Canadian fixed income products through the Penson Bond Connection™ platform.

U.S. correspondents will be able to offer their clients a comprehensive array of Canadian corporate, municipal, provincial and government bonds. Penson’s Canadian subsidiary, Penson Financial Services Canada Inc. (PFSC), already provides bond market insights, settlement information and execution services to PFSC’s Canadian correspondents and customers.

“With economic uncertainty currently facing U.S. investors, Penson is seeing a rise in demand for non-domestic fixed income products,” said Bryce Engel, President of Penson Worldwide, Inc. “Canada, which offers a substantial interest rate differential from the U.S., is an alternative investors are seeking. By expanding the Penson Bond Connection to include Canadian fixed income products, in addition to its existing access to U.S. products, we are making it easier for our correspondents to meet their clients’ needs.”

Penson Bond Connection provides access to one of the largest pools of centralized fixed income liquidity. Users can conduct self-directed searches and price discovery from a universe of 35,000+ competitively priced primary and secondary municipals, corporates, agencies, CMOs, treasuries, strip/zero coupons, certificates of deposit and structured products.

Penson Bond Connection also provides access to in-depth analytics and tools, enabling users to create tailored investment strategies through its customizable and configurable work station. Combining order management tracking of pending and completed orders with historical access to order audit trails, Penson Bond Connection is built to support both evolving trading and business processes.

About Penson Worldwide: www.penson.com

The Penson Worldwide group of companies provides execution, clearing, custody, settlement and technology infrastructure products and services to financial services firms and others servicing the global financial services industry. The Penson Worldwide group of companies includes Penson Financial Services, Inc., Penson Financial Services Canada Inc., Penson Financial Services Ltd., Nexa Technologies, Inc., Penson Asia Limited, and Penson Financial Services Australia Pty Ltd, among other companies. Headquartered in Dallas, Texas, Penson has served the clearing needs of the global financial services industry since 1995. Penson Worldwide - Building the Best Clearing and Execution Services Firm in the World.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs