prop trading at Penson Financial

Discussion in 'Prop Firms' started by thisguy, Oct 23, 2006.

  1. thisguy


    Just wondering if anyone knows much about Penson Financial (completely unknown to me before today) and internal prop trading desks at the firm?

    All I know is they have a presence in TX.

  2. dac8555


    the Penson i know is a realtively large company that sepcializes in custody. dont know if it is the same.
  3. Big Canadian firm, or at least I think they're Canadian, definately a large presence here anyways. Swifttrade clears through them I believe.
  4. Penson is a large clearer that clears for many prop groups. I don't believe that they they run an internal prop desk. I know that they are very competitive on equitites pricing for groups that do volume.

    They are an American based company with some international subs.

    Best to do your own research: