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 is scheduled to commence operations
for customers during the second half of 2009, subject to appropriate
regulatory approvals.