Lightspeed (brokerage)

Last updated
Lightspeed Trading, LLC
Type Privately held company
Industry Financial services
Founded2006;17 years ago (2006)
Headquarters
Key people
Farid Naib, CEO
Services Stockbroker
Electronic trading platform
Parent Wedbush Securities
Website www.lightspeed.com

Lightspeed Trading, LLC offers an electronic trading platform to trade financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, mutual funds, and fixed income investments. It also provides margin lending, and cash management services.

Contents

History

In 2006, Lightspeed was formed by the spin off of the professional trader platform of E-Trade. [1]

In 2008, Lightspeed acquired Integrity Trading. [2] [3]

In February 2010, Lightspeed acquired NobleTrading. [4] [5]

In June 2010, Lightspeed received an exclusive license to operate the Anvil Professional Trading Platform. [6]

In October 2010, Lightspeed acquired Terra Nova Financial. [7] [8]

In June 2011, Lightspeed acquired Lime Brokerage International of Ireland. [9] [10] [11]

In July 2011, Lightspeed acquired Greenmoor Financial Group, expanding its offerings in options. [12] [13] [14]

In 2018, it was sold to Wedbush Securities [15] by its prior owner Professional Trading Solutions, which LLR Partners had invested in. [16] In the transaction it merged with Lime Brokerage, LLC, an agency brokerage owned by Wedbush. [17] [18]

In 2020, Lightspeed sold the Lime low-latency execution platform to Score Priority, a New York–based brokerage. [19]

in 2021, Lightspeed acquired Coinigy, a cryptocurrency portfolio management company to create Lightspeed Crypto. [20]

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References

  1. CAREY, THERESA W. (September 1, 2008). "Barrons: Making Changes at Lightspeed" . Barron's .
  2. "Lightspeed Financial Acquires Integrity Trading" (Press release). Lightspeed. January 15, 2008.
  3. Wahba, Phil (May 7, 2008). "Lightspeed Trading sees sales doubling". Reuters .
  4. "LIGHTSPEED FINANCIAL ACQUIRES NOBLETRADING" (Press release). Lightspeed. February 17, 2010.
  5. Greenberg, Michael (February 17, 2010). "Lightspeed Financial acquires Noble Trading". Finance Magnates.
  6. "Lightspeed Financial Acquires Exclusive License to Operate Anvil Professional Trading Platform" (Press release). Lightspeed. June 22, 2010.
  7. Oneal, Michael (June 16, 2010). "Lightspeed to acquire Chicago's Terra Nova". Chicago Breaking Business.
  8. "Lightspeed Financial Completes Acquisition of Terra Nova Financial" (Press release). Business Wire. October 21, 2010.
  9. "Lightspeed Financial Expands Internationally Through Acquisition of Lime Brokerage International (Ireland) Limited" (Press release). Lightspeed. June 20, 2011.
  10. CAREY, THERESA W. (June 25, 2011). "Traveling to Europe at Lightspeed". Barron's .
  11. Demos, Telis (June 20, 2011). "Lightspeed to buy Lime Brokerage Irish unit". Financial Times .
  12. "Lightspeed Financial Expands Presence in Equity Options with Acquisition of Greenmoor Financial Group" (Press release). Lightspeed. July 7, 2011.
  13. BUNGE, JACOB (July 6, 2011). "Lightspeed Financial buys Chicago options firm". Marketwatch .
  14. "Chicago brokerage sold to New York firm". Chicago Tribune . July 7, 2011.
  15. "Sterling Trading Tech | LLR Portfolio Companies". LLR Partners. Retrieved 2020-04-08.
  16. "Sterling Trading Tech | LLR Portfolio Companies". LLR Partners. Retrieved 2020-04-08.
  17. "Lightspeed Trading Forges Deal with Lime Brokerage to Merge Businesses | Finance Magnates". Finance Magnates | Financial and business news. 2018-01-18. Retrieved 2021-05-13.
  18. "Lightspeed Trading and Lime Brokerage Announce Plans to Combine Businesses". PRWeb. Retrieved 2021-05-13.
  19. "Score Priority Corp. Completes Acquisition of Lightspeed Financial Services Group's Low Latency Execution Technology". www.businesswire.com. 2020-12-02. Retrieved 2021-05-13.
  20. "Lightspeed Crypto Acquires Coinigy, One of the Industry's Leading Crypto Trading Platforms". 24 August 2021.