Penson Worldwide, Tick Data to Blend Wares
CYBER-TRADING TECHNOLOGIES
DALLAS—Penson Worldwide will broaden its product offerings and complement its direct market access (DMA) technologies with the acquisition of Tick Data, a vendor of high frequency historical market data, announced last week.
In acquiring the Washington, D.C.-based Tick, Penson, a global broking and clearing services provider, will exploit Tick's stores of historical data to help users devise ever-complex trading strategies, officials say.
Regarding the value of the deal, both parties decline to
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