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Penson Financial Services, Inc.


Penson Financial Services, Inc is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.

Penson Financial Services, Inc. was founded in 1995 by Daniel P. Son, and Phil Pender graft. Penson began to build a correspondent clearing infrastructure for out sourced clearing to broker dealers. The firm started with a staff of nine and has grown rapidly to more than 250 employees servicing the needs of correspondents based in the U.S.and around the world.  
      
Penson Financial Services, Inc, 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. Penson Financial Services, Inc also offers a platform for registered investment advisors and provides prime brokerage services to hedge funds and other institutional investors.

Virtually all of penson 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. It 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.

Penson offers several different preset packages of services like most of the competition; Its uses its flexibility to provide customized packages of services to allow correspondents to conduct their business according to their needs and business model.Penson combines leading-edge technology with superior customer service to provide clients with the ability to trade traditional financial futures, single stock futures and other electronically traded futures contracts. Penson is responsible for creating a number of unique innovations for its clients, including the ability to execute and clear single stock futures in an equity account.
 
Penson Financial Futures, with its streamlined execution and processing, is at the forefront of the futures industry transformation from open outcry execution to electronic execution. As more futures move to electronic execution, Penson will expand its product offerings to meet and exceed its correspondents needs. In the meantime, Penson is dedicated to providing accurate and efficient service to each and every one of its clients.
 

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