Penson Worldwide Moving Higher

Penson Worldwide, Inc. PNSN shares are moving higher, despite the weakness in the broader markets. At last check, shares were up 10 cents to $3.97, a gain of 2.6% on 500,000 shares. The company's CEO was featured in a piece in the Wall Street Journal yesterday regarding potentially troubling collateral disclosure by the clearing firm last month. Penson Worldwide, Inc., through its subsidiaries, provides various critical securities and futures processing infrastructure products and services to the financial services industry.