Penson Financial Services has rolled out a contract for difference (CFD) execution and clearing service. The U.K. clearing service provider will now be able to offer on-line access to exchange order books through the Penson CFD Trader, allowing customers to trade live market depth.
Through the service, customers will have access to real-time market prices, multiple order types, streaming news and market updates. The product complies with market and regulatory requirements and will give Penson’s correspondents the ability to expand their market offering through a single service provider, adds Banking Business Review.
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