Penson Worldwide offered correspondent securities clearing, custody, and settlement services to broker-dealers.
Penson Financial Services provided outsourced clearing infrastructure for correspondent broker-dealers, handling trade settlement and asset safekeeping. The service supported domestic and international brokerage firms needing third-party clearing capacity.
Clearing operations began in Dallas in 1995 and remained a core business until U.S. operations transferred to PEAK6/Apex Clearing in 2012.
Broadridge Financial Solutions
Broadridge — Securities Processing
broadridge.com
Apex Clearing
Securities Clearing and Custody
apexclearing.com
| Attribute | Securities Clearing | Broadridge — Securities Processing | Securities Clearing and Custody | |
|---|---|---|---|---|
| Provider |  | | | |
| Founded | 2000 | 1962 | 2012 | |
| Sells To | B2B | — | B2B | |
| Pricing Model | Transaction Fees | — | — | |
| Ownership | Public | — | — |
Provider
Founded 2000
Sells To B2B
Pricing Model Transaction Fees
Ownership Public
Provider
Founded 1962
Sells To —
Pricing Model —
Ownership —
Provider
Founded 2012
Sells To B2B
Pricing Model —
Ownership —
BNY Pershing provides clearing, custody, and market access for RIAs and broker-dealers.
Say Connect lets public companies run verified-shareholder Q&A, send shareholder messages, and read engagement analytics.
Say's broker platform handles proxy processing, prospectus and fund-report delivery, and voluntary corporate actions behind a broker's own brand.
BNY Pershing provides clearing, custody, and market access for RIAs and broker-dealers.
Say Connect lets public companies run verified-shareholder Q&A, send shareholder messages, and read engagement analytics.
Say's broker platform handles proxy processing, prospectus and fund-report delivery, and voluntary corporate actions behind a broker's own brand.
