Penson Financial Services Announces Connectivity To Onechicago For Single Stock Futures Trading - Penson Becomes An Early Leader Among Securities Broker/Dealers In Providing Access To Trade Single Stock Futures And Narrow-Based Indices

Penson Financial Services is pleased to announce that correspondents who have registered with the NFA to trade futures may now begin doing so on OneChicago, the joint venture exchange. Single stock futures began trading in late 2002, and while many futures firms have provided their customers access to trade them, very few securities broker/dealers have been able to do so. “OneChicago is pleased to have such a dynamic member firm as Penson offer access to our marketplace,” said William J. Rainer, Chairman and Chief Executive Officer of OneChicago. “We are confident Penson’s customers will find multiple hedging and other trading opportunities in our liquid markets of more than 100 futures on single stocks and narrow-based indexes.”

Penson is one of the few securities broker/dealers that can provide the ability to purchase single stock futures in a standard brokerage account and cross-collateralize them with the securities positions held in the account. “For active traders, single stock futures represent an important new product, and Penson is pleased to be able to provide access to them,” said Daniel P. Son, President of Penson Financial Services, Inc.