Penson Financial Services Canada Inc., a member of the Penson Worldwide, Inc. (NASDAQ: PNSN) group of companies and a leading independent Canadian clearing firm, announced it has entered into an introducing/carrying broker agreement with JonesTrading Canada Inc., an execution focused trading firm, owned by JonesTrading Institutional Services LLC.
Will Geyer, President and CEO of JonesTrading Canada, commented, “Over the past 30 years, JonesTrading’s dedication and experience in serving our customers through an unconflicted agency offering has built a lasting and sustainable model. It is in this same view that we look forward to working with Penson as our partner in earning the opportunity to develop new relationships in the Canadian marketplace.”
John Skain, President, Penson Financial Services Canada, said, “At Penson, we believe in providing our clients with the customized services they need for their business. Penson is committed to delivering the flexibility, technology and customer service that allows firms such as JonesTrading Canada the market access they need. We are very proud to have this firm as our client.”
As Canada’s leading independent carrying broker, Penson offers custom, service-focused solutions that are both innovative and economically attractive. Such an adaptable product offering makes Penson a clear choice for a wide variety of financial institutions in the Canadian marketplace. JonesTrading is a well established firm, specializing in creating liquidity for its clients on an agency basis. JonesTrading uses its unique approach to trading to provide market color in real time and to execute block trades all with the minimum of market impact.
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