Penson Financial Services Canada, a member of the Penson Worldwide group of companies and an independent Canadian clearing broker, has entered into an introducing/carrying broker agreement with optionsXpress Canada, a wholly owned subsidiary of optionsXpress Holdings and an online stock, options and futures brokerage service to the self-directed investor.
Tom Stern, president and CEO of optionsXpress Canada, said: “We are pleased to be partnering with Penson, one of Canada’s leading providers of execution, clearing, custody, settlement and technology infrastructure products to the industry. We are confident that our clients will be extremely pleased with the full range of offered services and we look forward to working with Penson as our carrying broker to grow our business in the Canadian marketplace.”
John Skain, president at Penson Financial Services Canada, said: “Penson is committed to helping our clients to grow and remain competitive in an active market by providing access to global markets along with our state-of-the-art technology. We are dedicated to providing consistently high levels of service throughout Canada, and are delighted to directly support the needs of optionsXpress Canada in this rapidly growing market.”
