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SmartPool welcomes Penson Financial Services to their European dark...

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  • Penson to offer low-cost access to SmartPool through an all in-one execution, clearing and settlement solution
  • Expanding SmartPool’s reach into Continental Europe

Amsterdam, Brussels, Lisbon, London, Paris, 9 February 2011, SmartPool, the European dark liquidity pool created by NYSE Euronext in partnership with HSBC, J.P.Morgan and BNP Paribas, today confirmed Penson Financial Services Ltd, (Penson), the London-based clearing unit of Penson Worldwide, Inc. (PNSN), as the latest member of the European dark pool. 
Penson will offer trading firms executing on SmartPool, a solution that should significantly reduce clearing and settlement costs through Penson’s offering of outsourcing and General Clearing Member (GCM) services.  Penson’s membership of SmartPool will thus allow a wider range of participants to trade on SmartPool without the need for major infrastructure build. 

Lee Hodgkinson, SmartPool CEO and Head of European Sales & Relationship Management, NYSE Euronext commented:
“Today’s announcement reinforces our commitment to create a dark pool champion focused on attracting the largest and most diverse dark pool trading community in Europe.  
As one of the leading brokers on NYSE Euronext’s US Cash Markets, we are delighted to introduce Penson’s global services to our European trading community.  By leveraging NYSE Euronext’s transatlantic franchise and substantial client distribution network, no other market operator can match our scale and this advantage is difficult for our rivals to replicate.”

Clive Triance, PFSL CEO, commented: 
“Penson views this relationship as a way to efficiently expand our services to a significant number of European broker dealers.  Penson is committed to building the best clearing and execution services firm in the world and providing cost effective solutions that enable clients to concentrate on trading, as opposed to building expensive infrastructure. 
We look forward to forming a long-term working relationship with SmartPool to the benefit of all."

For more information, please contact
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About Euronext 
Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway, and Portugal. As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway, and Portugal host nearly 1,800 listed issuers with around €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices. 
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