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Barron's Names Eight Penson Correspondents Top Online Brokers

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DALLAS - (BUSINESS WIRE) - Penson Worldwide, Inc. (NASDAQ: PNSN) reported that eight of its current correspondent firms were named in Barron's 15th Annual survey of the nation's Top 22 Leading Online Brokers, which was released on March 15, 2010.

  • Five were named on the best for options traders list;
  • Four were named on the best for frequent traders list;
  • Two were named on the best for international traders list;
  • Two were named on the best for lowest monthly cost for occasional traders list; and
  • One was named on the best for lowest monthly cost for frequent traders list.

The survey also named another firm that recently signed a long-term correspondent clearing agreement with Penson.

"We congratulate all of these brokerage firms on this prestigious recognition," said Dan Son, co-founder and President of Penson Worldwide. "It clearly demonstrates their wide range of innovation in marketing and technology that has resulted in a best in class experience for different kinds of customers."

  • thinkorswim - No. 1 (www.thinkorswim.com) - Also named to the best for options traders and frequent traders lists.
  • MB Trading - No. 2 (www.mbtrading.com) - Also named to the best for options traders, frequent traders and international traders (for Forex) lists.
  • TradeKing – No. 6 (www.tradeking.com) - Also named to the best for options traders list. Penson recently signed a long-term correspondent clearing agreement with TradeKing.
  • tradeMONSTER - No. 7 (www.trademonster.com) - Also named to the best for options traders list.
  • OptionsHouse - No. 8 (www.optionshouse.com) - Also named to the best for options traders list.
  • ChoiceTrade - No. 11 (www.choicetrade.com) - Also named to the best for frequent traders and international traders lists.
  • Lightspeed Trading - No. 13 (www.lightspeed.com) - Also named to the best for frequent traders and lowest monthly cost for occasional and frequent traders lists.
  • Zecco Trading, Inc. - No. 16 (www.zecco.com) - Also named to the best for lowest monthly cost for occasional traders list.
  • Cobra Trading, Inc. – No. 21 (www.cobratrading.com)

About Penson Worldwide: www.penson.com

The Penson Worldwide group of companies provides execution, clearing, custody, settlement and technology infrastructure products and services to financial services firms and others servicing the global financial services industry. The Penson Worldwide group of companies includes Penson Financial Services, Inc., Penson Financial Services Canada Inc., Penson Financial Services Ltd., Nexa Technologies, Inc., Penson GHCO, Penson Asia Limited, and Penson Financial Services Australia Pty Ltd, among other companies. Headquartered in Dallas, Texas, Penson has served the clearing needs of the global financial services industry since 1995. Penson Worldwide - Building the Best Clearing and Execution Services Firm in the World.

Penson Financial Services, Inc. is a member of the New York Stock Exchange, NYSE Alternext, Chicago Stock Exchange, FINRA, the Chicago Board Options Exchange (CBOE), OneChicago, the International Securities Exchange (ISE), the NYSE Arca Exchange, the Options Clearing Corp (OCC), the MSRB, NSCC, ICMA, DTC, Euroclear, SIPC and is a participant of the Boston Options Exchange (BOX). Penson Financial Services Canada Inc. is a participating organization with the Toronto Stock Exchange, the Montreal Exchange, the CNQ Exchange and the TSX Venture Exchange, is regulated by the Investment Industry Regulatory Organization of Canada, is a member of the CIPF, CDCC and CDS and subscribes to various Canadian Alternative Trading Systems. Penson Financial Services Ltd. is a member of the London Stock Exchange and is authorized and regulated by the Financial Services Authority. Penson Financial Services Australia Pty, Ltd is a member of the ASX Group, which operates the Australian Stock Exchange and the Sydney Futures Exchange. Penson GHCO is a registered Futures Commission Merchant and clearing member at the Chicago Mercantile Exchange, Chicago Board of Trade, Kansas City Board of Trade, London International Financial Futures Exchange, and ICE Futures.

Forward-Looking Statements

Statements contained in this news release that are not based on current or historical fact are forward-looking in nature. Such forward-looking statements are based on current plans, estimates and expectations. Forward-looking statements are based on known and unknown risks, assumptions, uncertainties and other factors. Actual results, performance, or achievements may differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. Penson undertakes no obligation to publicly update or revise any forward-looking statement.

Anreder & Company
Gary Fishman, +1-212-532-3232
gary.fishman@anreder.com
or
Steven Anreder, +1-212-532-3232
steven.anreder@anreder.com
or
Michael Shallo, +1-212-532-3232
michael.shallo@anreder.com


 
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