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.
| Company type | Privately held company |
|---|---|
| Industry | Financial services |
| Founded | 2006 |
| Headquarters | New York City and Chicago |
Key people | Farid Naib, CEO |
| Services | Stockbroker Electronic trading platform |
| Parent | Wedbush Securities |
| Website | www |
History
editIn 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
edit- ^ CAREY, THERESA W. (September 1, 2008). "Barrons: Making Changes at Lightspeed". Barron's.
- ^ "Lightspeed Financial Acquires Integrity Trading" (Press release). Lightspeed. January 15, 2008.
- ^ Wahba, Phil (May 7, 2008). "Lightspeed Trading sees sales doubling". Reuters.
- ^ "LIGHTSPEED FINANCIAL ACQUIRES NOBLETRADING" (Press release). Lightspeed. February 17, 2010.
- ^ Greenberg, Michael (February 17, 2010). "Lightspeed Financial acquires Noble Trading". Finance Magnates.
- ^ "Lightspeed Financial Acquires Exclusive License to Operate Anvil Professional Trading Platform" (Press release). Lightspeed. June 22, 2010.
- ^ Oneal, Michael (June 16, 2010). "Lightspeed to acquire Chicago's Terra Nova". Chicago Breaking Business.
- ^ "Lightspeed Financial Completes Acquisition of Terra Nova Financial" (Press release). Business Wire. October 21, 2010.
- ^ "Lightspeed Financial Expands Internationally Through Acquisition of Lime Brokerage International (Ireland) Limited" (Press release). Lightspeed. June 20, 2011.
- ^ CAREY, THERESA W. (June 25, 2011). "Traveling to Europe at Lightspeed". Barron's.
- ^ Demos, Telis (June 20, 2011). "Lightspeed to buy Lime Brokerage Irish unit". Financial Times.
- ^ "Lightspeed Financial Expands Presence in Equity Options with Acquisition of Greenmoor Financial Group" (Press release). Lightspeed. July 7, 2011.
- ^ BUNGE, JACOB (July 6, 2011). "Lightspeed Financial buys Chicago options firm". Marketwatch.
- ^ "Chicago brokerage sold to New York firm". Chicago Tribune. July 7, 2011.
- ^ "Sterling Trading Tech | LLR Portfolio Companies". LLR Partners. Retrieved 2020-04-08.
- ^ "Sterling Trading Tech | LLR Portfolio Companies". LLR Partners. Retrieved 2020-04-08.
- ^ "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.
- ^ "Lightspeed Trading and Lime Brokerage Announce Plans to Combine Businesses". PRWeb. Retrieved 2021-05-13.
- ^ "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.
- ^ "Lightspeed Crypto Acquires Coinigy, One of the Industry's Leading Crypto Trading Platforms". 24 August 2021.
