In Unstable Market, Clearer Penson Sees Stable Growth

November 2008
Securities Industry News;11/10/2008, Vol. 20 Issue 39, p1
Trade Publication
An interview with Phil Pendegraft, CEO of Penson Worldwide is presented. When asked if he foresees volatility continuing, he confirms that he does foresee it due to regulatory changes over the last few years. He adds that the move to a central order book where customers interact directly with each other increases volatility. He does not offer remedies to it, instead declares that the changing environment while damaging is something investors have gotten used to.


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