Saturday, July 4, 2009

Penson offers clients sponsored access to Nasdaq MTF

Clearing, settlement and execution broker Penson Worldwide has become the first sponsoring participant in pan-European multilateral trading facility (MTF) Nasdaq OMX Europe’s sponsored access programme.

The programme allows clients of sponsoring participants to connect directly to Nasdaq OMX Europe without being members of the MTF. Penson clients will gain access to the platform through Penson Financial Services, the firm’s UK subsidiary. Clients can connect to Nasdaq OMX Europe through proximity hosting or remote access.

Penson plans to offer sponsored access to Nasdaq OMX Europe to its clearing and execution services correspondents.

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