Lightspeed (brokerage)

(Redirected from Lightspeed Financial)

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.

Lightspeed Trading, LLC
Company typePrivately held company
IndustryFinancial services
Founded2006; 18 years ago (2006)
Headquarters
Key people
Farid Naib, CEO
ServicesStockbroker
Electronic trading platform
ParentWedbush Securities
Websitewww.lightspeed.com

History

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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]

References

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  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.
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