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Penson Canada & Fidessa Canada Agree to Offer FX Trading Capabilities

Penson Financial Services Canada Inc. (PFSC), a member of the Penson Worldwide, Inc. (NASDAQ: PNSN) group of companies and a leading independent Canadian carrying broker, announced it has entered into an agreement with Fidessa Canada corporation (Fidessa), part of Fidessa group plc (LSE: FDSA) a leading provider of high-performance trading, market data and global connectivity solutions for the buy-side and sell-side. Fidessa will integrate PFSC’s Foreign Exchange (FX) services into its Canadian Trading Platform to give clients access to PFSC's real-time FX pricing and trading capabilities.

“Access to real-time FX trading and execution services is key to maintaining a robust multi-asset class strategy,” said Martin Hakker, Managing Director, Fidessa. “Penson's FX trading system provides traders with desktop access to competitive tradable prices, real-time streaming and reporting tools. By integrating Penson’s real-time FX quotes and execution capabilities into our Canadian trading platform, which we continue to innovate, we would offer new asset classes and trading tools to our clients and to the wider marketplace.”

“Penson is committed to helping our clients grow and remain competitive in this active market by providing access to global markets along with the latest technology,” said John Skain, President of PFSC. “We are dedicated to providing new products to the Canadian marketplace and are delighted to work with Fidessa in the rapidly growing FX market. Fidessa understands the unique challenges faced by the Canadian marketplace. By joining forces with Penson to offer foreign exchange pricing and trading capabilities, we are yet again bringing something new and exciting to our customers and to the greater financial industry.”