TORONTO--(BUSINESS WIRE)--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.”
About Penson Financial Services Canada Inc: www.penson.ca
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. Penson Financial Services Canada Inc. is a participating organization with the Toronto Stock Exchange, the Montreal Exchange, the CNQ Exchange and the TSX Venture Exchange, is regulated by the Investment Industry Regulatory Organization of Canada, is a member of the CIPF, CDCC and CDS and subscribes to various Canadian Alternative Trading Systems.
About Fidessa
Fidessa group is the leading supplier of high-performance trading, portfolio analysis, decision support, compliance, market data and connectivity solutions for firms involved in trading the world’s financial markets. Fidessa’s products and services are built on the simple vision of making it easier to buy, sell and own financial assets of all types on a global basis.
A dynamic, growing company with a proven track record, Fidessa is recognised as the thought leader in the marketplace, with an unrivalled set of products and services which set the benchmark for this industry and, uniquely, serve both the buy-side and sell-side communities globally.
With 29 years’ experience delivering powerful, resilient, mission-critical systems, Fidessa develops all its products itself from the ground up, investing heavily in their continual evolution. The resulting leading-edge, truly integrated solutions have established Fidessa as the industry’s number one choice, and are used by over 85% of tier-one, global financial institutions.
Headquartered in London and with regional operations across Europe, North America, Asia, and the Middle East, Fidessa supports 26,000 users across around 900 clients, serving a broad spectrum of customers from major investment banks and asset managers through to specialist niche brokers and hedge funds.
Forward-Looking Statements
Statements contained in this news release that are not based on current or historical fact are forward-looking in nature. Such forward-looking statements are based on current plans, estimates and expectations. Forward-looking statements are based on known and unknown risks, assumptions, uncertainties and other factors. Actual results, performance, or achievements may differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. Penson undertakes no obligation to publicly update or revise any forward-looking statement.