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Penson to Offer Titana?s Social Media Trading Signals to Retail and Institutional Brokers

^{Published on 2011-04-13 11:10:25 - Market Wire}
 

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

"Titana™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"

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.

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

aThis is the first time retail brokers will be able to provide customers with quantitative trading signals that incorporate social media sentiment,a said Sean Malloy, Senior Vice President & Director of Global Sales & Marketing, Penson Worldwide. aIt 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.a

aTitana™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,a said John Coulter, President & CEO of Titan. aThey 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. Wea™ll initiate on European stocks by mid-year.a

About Penson Financial Services, Inc.:[ www.penson.com ]

Penson Financial Services, Inc. is a member of the Penson Worldwide group of companies which provides execution, clearing, custody, settlement and technology infrastructure products and services to financial services firms and others servicing the global financial services industry. Headquartered in Dallas, Texas, Penson has served the clearing needs of the global financial services industry since 1995.

Penson Financial Services, Inc. is a member of FINRA, New York Stock Exchange, NYSE Arca Exchange, NYSE Amex Equities, NYSE Amex Options, BATS Exchange, Direct Edge Exchanges (EDGA and EDGX), Chicago Board Options Exchange (CBOE), Chicago Stock Exchange, International Securities Exchange (ISE), NASDAQ OMX BX, NASDAQ OMX PHLX, NASDAQ Stock Market, NASDAQ LIFFE, LLC, National Stock Exchange, Options Clearing Corp. (OCC), Fixed Income Clearing Corp. (FICC), MSRB, National Securities Clearing Corp. (NSCC), DTC, ICMA, Euroclear, and SIPC.

About Titan Trading Analytics Inc.:[ www.titantrading.com ]

Titan Trading Analytics Inc. is a premier provider of behavioral trading research. Trade signals are distributed via a powerful financial analysis and electronic trading software platform which captures and analyzes real-time market tick data and identifies trade opportunities based on numerous historical patterns, identified by Titana™s Trade Recommendation Enginea" (TRE). Titana™s flagship product, TickAnalysta", delivers trading signals to proprietary trading firms and hedge funds via a cutting edge browser-based interface. Titana™s internally developed products and services are at the forefront of the high growth global investment management and automated trading industry.

Forward-Looking Statements

The statements in this news release relating to matters that are not current or historical facts are forward-looking statements. Such forward-looking statements are based on current plans, estimates and expectations. Forward-looking statements are based on known and unknown risks, assumptions, uncertainties and other factors. Actual results, performance, or achievements may differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. Penson undertakes no obligation to publicly update or revise any forward-looking statement.