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CONSENT OF INDEPENDENT AUDITORS
We consent to the reference to our firm under the caption "Experts" and to the
use of our reports dated October 18, 2000 (except for Note 17, as to which the
date is [to be defined], 2000), in the Registration Statement (Form S-1) and
related Prospectus of Penson Worldwide, Inc. for the registration of 8,000,000
shares of its common stock.
Ernst & Young LLP
Dallas, Texas
The foregoing consent is in the form that will be signed upon the Company's
formal commitment to discontinue certain operations as described in Note 17 to
the consolidated financial statements.
/s/ Ernst & Young LLP
Dallas, Texas
November 27, 2000
