TITLE

In Unstable Market, Clearer Penson Sees Stable Growth

AUTHOR(S)
HINTZE, JOHN
PUB. DATE
November 2008
SOURCE
Securities Industry News;11/10/2008, Vol. 20 Issue 39, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Interview
ABSTRACT
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.
ACCESSION #
35301940

 

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