Business & Finance
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Published in Business and Finance on Tuesday, May 31st 2011 at 5:11 GMT by Market WireLONDON--([ BUSINESS WIRE ])--Penson Financial Services Ltd, a leading independent provider of clearing services in the UK and a member of the Penson Worldwide, Inc. (NASDAQ: PNSN) group of companies, won the award for Best Clearing Service from the Systems in the City Awards. The annual awards are organised by Goodacre, a leading specialist management consultancy, training and recruitment company in the securities and finance industries.
"We are delighted to have attained this award"
A panel of independent judges selected the Penson solution for its exceptional flexibility, its leading edge technology and for the outstanding service provided. All nominees were required to have achieved system accreditation thus ensuring the standard of the competition was extremely high. Penson was then chosen as the winner based on proven performance of the service over the last 12 months.
aWe are delighted to have attained this award,a said Clive Triance, CEO of Penson Financial Services Ltd. aIt represents a significant endorsement from the heart of the industry that Penson today is providing the best clearing service in the market. This has been a major factor in our continuing to sign new business.a
The Penson solution is multi-asset class, multi-market and multi-currency; fast, automated and efficient; and highly customer-centric. The product suite has been developed in line with market changes to support the growth and innovation needs of all client types, be they broker-dealers, small trading firms, start-up companies or large international banks.
The underlying technology a" the STARS system a" supports Model A, Model B and custody services, but can also combine a number of these services depending on correspondent requirements. In addition to clearing and settlement, Penson supports CFDs, execution, cash management, reconciliations, equities and derivatives.
About Penson Financial Services Ltd: [ www.penson.com/PFSL ]
Penson Financial Services Ltd (PFSL) is a leading independent clearing services provider in the UK. With a reputation for expertise, reliability and true customer-focused service, PFSL provides world class integrated outsourcing solutions and direct access to more than 50 markets through a consolidated technology platform for global execution, settlement, clearing, custody and securities financing, as well as regulatory and compliance reporting. Using the global technology base and scale of Penson Worldwide and its market expertise, PFSL has the ability to reliably deliver real advantages to clients including lower operating costs, lower liquidity requirements, flexible services and more efficient 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 Futures, 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.
Forward-Looking Statements
Statements contained in this news release that are not based on current or historical fact are forward-looking in nature. 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.
