Penson Financial Services Australia Pty Ltd
In March of 2009, Penson Worldwide, Inc. announced the launch of Penson Financial Services Australia Pty Ltd. (PFSA). PFSA will provide Australian brokerage firms with independent clearing and settlement of Australian financial products and access to trading on global financial markets. The Sydney-based company commenced operations in December 2009. PFSA holds an Australian Financial Services Licence and is a market participant of the Australian Securities Exchange and a clearing participant of the Australian Clearing House.