Replies to post #315 on Penson Worldwide Inc fka PNSNQ

[AlanC]

Interesting post from another board by spiritthing:

spiritthing

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Friday, June 01, 2012 8:56:42 AM
Re: AlanC post# 201200

Post # of 201207


I have thought about this and am seeing some clearing house changes happening right now. Penson is one of them and one I have been wondering it was involved with FFGO. I just got an email from my ZECCO account and they said that Penson will soon be APEX clearing house? Why, are they about to lose their assets? So they sell before someone comes after the assets? It is going to be interesting. Spirit

[Cooky]

I have to agree.

[Underdog]

Important Update Regarding OptionsHouse

Dear OptionsHouse Customer,


A short while ago, it was announced that a subsidiary of PEAK6 Investments, L.P., the parent company of OptionsHouse, entered into an agreement with Penson Financial Services, Inc. ("Penson") to form Apex Clearing, an independent, privately held clearing services firm. Click here to view press release.


For those of you not familiar with Penson, it is based in Dallas and serves the clearing needs of firms in the financial services industry, including OptionsHouse.


Under the terms of the agreement, PEAK6 will provide capital, management leadership and technology in an effort to bring enhanced risk management discipline to Apex. We believe Apex Clearing will be a stronger entity with the potential for greater sustainability over the longer term, which we believe is good for OptionsHouse and the markets overall. Importantly, this transaction is not expected to disrupt your trading, or access to your cash, in any way.


Apex Clearing is expected to commence operations in the coming days following the completion of closing conditions, including receipt of required regulatory approval from the U.S. Securities and Exchange Commission and FINRA.


As always, thank you for your continued loyalty and support.


Sincerely,




George Ruhana
CEO, OptionsHouse