Penson acquiring CCS...more shorts?

Discussion in 'Trading' started by Toonces, Aug 27, 2005.

  1. Toonces


    Just got a letter today from CCS. I'll just quote part of it.

    On May 12, 2005, SAI Holdings, Inc., a subsidiary of Penson Worldwide Inc. reached an agreement to acquire Computer Clearing Services (CCS)...As a result of this acquisition, it is our intent to convert your account to Penson on or around the weeked of September 24, 2005.

    This is the first I've heard of it. I assume this means a bigger short list for Penson clients. Can anyone confirm this?