Penson Sells Its Futures Division to Knight

DALLAS--(BUSINESS WIRE)--Penson Worldwide, Inc. (NASDAQ: PNSN) today announced that it has agreed to sell certain assets and liabilities of the futures division of its U.S. broker-dealer subsidiary, Penson Financial Services, Inc. (PFSI), to Knight Capital Group, Inc. (NYSE Euronext: KCG). The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to be completed in the second quarter of 2012. PFSI’s futures division services more than 60 introducing brokers, high-frequency traders, hedgers, non-clearing FCMs, professional traders and exchange members.