There has always been a need for a strong independent Carrying Broker
in Canada and we believe that by bringing these accounts to Fidelity directly, our team is acting in the best interest of our clients.
PFSC generated 12-month trailing net revenues of CAD46m (USD45m/EUR34.
A bank may only rely on this exception if it does not act in a trustee or fiduciary capacity, and complies with the SEC's guidance regarding carrying broker
As Canada's leading independent carrying broker
, Penson offers custom, service-focused solutions that are both innovative and economically attractive.
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.
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.
As a leading Canadian carrying broker
, we have an absolute need to receive high quality, fast and accurate corporate actions for Canadian securities, as well as securities in the U.
Form Custody requires the introducing broker/dealer to identify all carrying brokers
to which their customers are introduced on a fully disclosed, as well as an omnibus, basis.