Penson Futures is clearing futures business on Brazilian financial exchange BM&FBOVESPA. Penson Futures is a unit of Penson Financial Services. The move from the firm comes as a result of requests from its clients for access to and clearing of BM&FBOVESPA. The Sao Paulo–based exchange is the largest in Latin America and the second largest exchange in the Americas in terms of market value.
Click here for the release from Business Wire.