Founded in 1983, Portsmouth Financial is dedicated to an efficient and seamless institutional equity options trading process. Given your stated trading objectives and constraints, we can develop a best execution solution that will maximize your order flow needs. Executing your order at the best possible price with the least amount of market impact, is our main goal. PFS is an agency-only desk, trading through us ensures anonymity and no conflicts of interest.

We believe that with correct follow through & support we are able to add value and provide a more cost effective solution. Our goal is to work with each client to build a turnkey solution that will serve to provide an execution platform that will be transparent to your clientele.

• Liquidity:
  
  PFS pools liquidity thru their long standing relationships with major banks, hedge funds and direct access to multiple brokers on all floors.
  Our electronic execution solution (LiquidPoint) provides additional sources of liquidity with access to electronic order flow.
  
  
• PFS Order Execution Capabilities:
  As an agency desk, we afford your customers anonymity for their order flow in the marketplace. Through our relationships or via our electronic front end system, we can customize an execution strategy for your customers.

- Straight Limit Orders
- Spread Orders – Including combinations (buying calls/selling puts), straddles and strangles
- Delta Neutral Option Orders
- Buy Writes (Buying Stock/ Selling Calls One to One)
- Reversals/ Conversions
- Options Portfolio Trading
- Electronic Trading Tools

• PFS Clearing Solutions:
  
  - Pershing for equity & options
  - Ernst for options PFS is able to CMTA to anyone and/or give up any firm.
  - We are also able to execute stock on your behalf on a DVP or Give Up basis.

Institutional Options Trading Desk

H. Scott Nelson

Scott began his career in the securities business in 1985 on the floor of the Pacific Stock Exchange. He began his career with Casey Securities as a floor broker in the Genetech pit. After holding this position for a few year he was called upon to start and institutional sales desk for the firm. Within four years the desk had grown to represent 90% of Casey's business and 20% of the overall volume for the floor. In 2001, Scott started Casey Professional Services, an upstairs trading firm that catered to hedge funds and investment banks.