Lightspeed (brokerage)
American online brokerage
From Wikipedia, the free encyclopedia
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
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]
