Penson

Penson Financial Services Limited is a London based FSA regulated firm providing a quality, flexible service covering of broad range of securities clearing services that include: Model A and Model B clearing and settlement, CREST clearing, global custody, customised data processing, regulatory reporting, execution, portfolio management and modelling systems and provision of compliance information. We provide our correspondent Firms with highly automated services utilising fast and efficient systems that are customised and configured to each firm’s individual requirements thus increasing the efficiency and cost-effectiveness of the operation.

Penson Financial Services Limited is the London office of an independent group of companies operated by Penson Worldwide Inc, Dallas, Texas with sister clearing companies in Dallas, Montreal, Toronto and Chicago.

Penson Financial Services Limited provides you with a complete outsourcing service which allows you to focus on your core business without worrying about your clearing requirements. Whether you are a full-service retail stockbroker, execution only, discount or online broker, market maker, proprietary trading organisation, bank, institutional sales organisation, small boutique, fund manager or an Independent Financial Advisor, you will work with a management team that brings a broad range of experience and expertise in all aspects of settlement services.

Some advantages and benefits by using Penson Financial Services Limited are:

Variable operating costs
Reduced ‘external’ costs from the Penson economies of scale
Lower liquidity requirements
Greater return on capital
A service dedicated to your specific requirements
Flexibility of service
STP processing
Web access for you and your client
Portfolio valuation, measurement and modelling and CGT reporting.
Order routing

The economics of using Penson Financial Services Limited is clear. Some of the areas of cost saving your Firm can make are:

Computer hardware and software costs
IT and Operational support
Property / floor rental costs
Disaster recovery
Compliance infrastructure
Staff training & competence
Risk monitoring and control