On May 31st, Penson’s parent company, Penson Worldwide Inc. and PEAK6 Investments L.P. formed a new clearing services firm - Apex Clearing Corporation, which will replace Penson Financial Services, Inc. as Firstrade’s clearing firm.
For Firstrade customers, no action is required, everything will continue to function as usual. In the upcoming weeks, we will modify our website and forms to reflect the clearing firm name change.
Apex Clearing is an independent, privately held clearing services firm with strong capital position, leadership and sophisticated technology; as one of the most valued customers of Apex Clearing, Firstrade will receive superior support and better service quality from our new clearing firm.
Throughout our 27 year history, Firstrade has always been committed to delivering excellent value and service to our customers through our partnerships with top tier service providers. We believe this positive change will not only lead to better customer service quality but also a better trading experience.