Penson unveils ‘one stop shop’ for hedge funds and asset managers
EXCHANGES | FRONT END OPENS UP DIRECT ACCESS TO WORLD MARKETS
LONDON -- Penson Worldwide, a Texas-based provider of clearing, custody and settlement services to the global hedge fund and asset management communities, is set to offer direct market access to leading European equity and derivatives markets.
Penson, which has approximately 200 global clients, the bulk of which are in Canada, the US and London, currently provides direct market access to the US markets to its buy-side clients. According to Chris Gregory, Penson’s director of execution services
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