Canadian Trading and Quotation System Inc. has approved Penson Financial Services Canada Inc. as a CNQ Dealer.

Penson Canada, a wholly owned subsidiary of Penson Worldwide, is a technology focused provider of outsourcing services, offering flexible customized solutions to all types of financial institutions in the global securities market.

Penson Canada is the largest independent clearing firm in Canada and its sister firm, Penson Financial Services, Inc. is the fourth largest clearing firm in the United States.

Headquartered in Montreal, Penson Canada has offices in Toronto and Vancouver, and correspondent relationships across Canada.

Penson Canada’s only focus is on clearing, trade execution and outsourcing.

CNQ’s participating dealers now total 24.