Penson Worldwide, Inc. (Penson), through Penson Financial Services, Inc. (PFSI) and certain third party contractual relationships is a provider of a range of critical securities and futures processing infrastructure products and services to the global financial services industry. The Company’s products and services include securities and futures clearing and execution, financing and cash management technology and other related offerings, and it provides tools and services to support trading in multiple markets, asset classes and currencies. As of December 31, 2011, the Company had 323 active domestic correspondents. On November 30, 2011, the Company announced that it had sold Penson Financial Services Australia Pty Ltd. (PFSA) to BNY Mellon Company. In June 2012, Knight Capital Group Inc. acquired certain assets and liabilities of Penson Futures, the futures division of Penson Financial Services, Inc., a subsidiary of PWI.