Penson FX trade execution made even faster

First Published: e-Forex Magazine 25 / News / October, 2006

Penson Financial Services Canada, a subsidiary of Penson Worldwide, Inc. has announced the release of an upgrade for Penson FX, its foreign exchange trading platform, used by more than 20 brokerage firms globally. Penson’s FX trading system is available to Penson’s clients worldwide and provides traders with desktop access to competitive tradable prices, real time streaming charts and news, technical analysis, reporting and communication tools.With the new upgrade, Penson introduces the concept of auto-dealing to its FX clients. Traders connected to Penson FX are enabled to act on live tradable prices by securing automatic and instantaneous executions on most of their deals. The new version of Penson FX also comes with a strong support for the FIX protocol. The FIX enabled version of Penson FX is particularly suitable for algorithmic arbitrage or proprietary trading, involving a black box application....continued

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