Leveraging Our Size to Gain Advantage
Utilizing Penson’s Trade Aggregation Program (TAP), correspondents have access to market centers at more favorable rates through a combination of our memberships and relationships with major exchanges and market centers and our scalable trade surveillance operation.
Penson can sponsor access for our clients who want to manage their own connectivity to market centers that bypass any additional order hops, creating a zero added latency solution. Our large scale allows us to reach the pricing tiers offered by the exchanges and then share the benefits with our customers.