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Penson Worldwide |
Penson Financial Services, Inc. (PFSI), based in Dallas,
Texas, is a securities services firm that provides flexible,
technology-based processing solutions for the execution,
clearing, custody and settlement of securities transactions.
 PFSI also offers a platform for registered investment advisors
and provides prime brokerage services to hedge funds and other
institutional investors. Penson is a member of
NASD
and
SIPC.
Brief History
Penson
Financial Services, Inc. was founded in 1995 by Daniel P. Son,
and Phil Pendergraft. Penson began to build a correspondent
clearing infrastructure for outsourced clearing to
broker/dealers. The firm started with a staff of nine and has
grown rapidly to serve the needs of correspondents based in
the United States and around the world. PFSI is a subsidiary
of Penson Worldwide, Inc. as are Penson Financial Services
Canada, Inc., Penson Financial Services Ltd., Penson Financial
Futures, Inc. and Nexa Technologies, Inc.
Penson
Technology
Most of
Penson's business is conducted through the Internet. The
Company's substantial and continuing investment in innovative
and evolutionary systems technology allows it to process a
high volume of transactions without sacrificing stability and
reliability. Penson utilizes redundant disaster recovery
facilities with full replication of data, and the technology
infrastructure incorporates load-balanced servers and
redundancies to ensure prompt data access capabilities. The
Penson technology advantage makes it the flexible choice in
global securities services.
Penson
Connection
Penson's
reporting capabilities provide customized reporting based on
client specifications, and the Penson Connection website
interface can be customized to display the client's logo and
corporate colors. Penson can also incorporate a seamless link
from the client's own website where the user name and password
login need only be entered once.
*Text provided
by Penson Worldwide.
Website:
www.penson.com
Southwest Securities |
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The history of SWS Group,
Inc. dates back to the spring of 1972 when Southwest
Securities, Inc. was established in Dallas as a new securities
broker-dealer. From that modest beginning, Southwest
Securities has grown to become one of the nation's top
clearing firms (InvestmentNews, December 2008) and one of the
leading regional securities firms headquartered in the
Southwest.
In the spring of 2000, a
full-service bank was added under the SWS umbrella. Today,
SWS Group operates in four business segments - securities
clearing, retail brokerage, institutional brokerage and
banking.
Every time we
help a correspondent to grow, provide innovative solutions or
create greater operating efficiencies for our correspondents,
we are building something that really matters.
This
identifies what we do, and, more importantly, puts the
emphasis on where it belongs – on our correspondents.
We have more
than 35 years experience in providing clearing solutions to
broker-dealers throughout the U.S. and Canada. Nobody has more
clearing experience than we do.
*Text provided
by Southwest
Securities
Website:
www.swst.com |
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NWT Financial Group
Clearing
Partners