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Technology is
a tool that the Penson Group aggressively leverages to enhance our
client's competitive position. We have invested heavily in a computing
infrastructure that allows us to process a high volume of business
without sacrificing stability and reliability. Clients are served
by a front-end / back-end, online, real-time system.
All of our systems are designed with the ability to work today and
grow tomorrow without requiring the constant redevelopment of core
applications.
All our services and systems are fully multi-currency allowing trading
and record keeping to be maintained in any market or currency on
a Principal, Agency or Intermediary trading basis.
Our ‘full books and records’ service provides the user
with detailed client records and corporate information with customised
trial balance reporting. Alternatively users have the option to
maintain their own books and records with Penson supplying the appropriate
information electronically.
The Client Connection:
For your Customers (Model B and Custody
Service)
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Our private web site is a dynamic forum
that allows you and your customers instantaneous and secure access
to your account data at the touch of a button. Click here to view
a sample page.
This site is for clients and correspondents to use. To enter
this site, the clients must have a Penson account number. Account-holders
can view their trade and cash history, balances, positions, buying
power, equity, Profit & Loss reports for any given day.
Trade, account balances and cash movement data is replicated to
the web site in real time, yet previous day and historical information
is “marked to market”.
To help protect the information being transmitted over the Internet,
we provide a security certificate that must be installed. This needs
to be done only once..
Penson is a recognized leader in the development of processing and
information management technology. Our communications and data processing
system is designed to accommodate high order volumes while delivering
customized information.
The cornerstones of our technology are reliability,
efficiency, and flexibility. Our systems give us complete control
of our processes and safeguard the confidentiality of our customers'
accounts. By automating most routine processes, we can increase
service speed, reduce the potential for errors, and free more resources
to focus on special problems and opportunities. In addition, our
customers have direct access to our network which enables quick
response time to take advantage of investment opportunities.
Penson currently has a department of more
than 65 system architects, engineers, and programmers dedicated
to this business. These people are engaged in developing new systems
and maintaining the integrity of existing systems
Penson's technology offers the following...
- State-of-the-Art Systems
Proprietary data processing and communication systems give Penson
complete control over the products and services we provide, including
the ability to tailor solutions to accommodate special situations.
- Instant Accessibility
Technology specifically designed to provide financial organizations
with control, efficiency, and immediate access to information
including:
- Trade/order processing browse and corrections.
- Customised compliance analysis and reporting.
- New account openings and changes.
- Complete client information including
activity, positions, and balances.
- Internet-accessible investment professional
workstation and order entry.
- A multi-functional, online, real-time quote
facility.
- Comprehensive Reporting
A multitude of reports are available in hard copy, can be printed
remotely, or delivered electronically.
- Direct System Links
Penson has the ability to link our in-house system electronically
to other packages and systems for further processing or redistribution
of the information
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