The new entity will be able to offer a wider range of securities trading products, services, new technology offerings, and cross-asset class platforms.
New York, NY – May 3, 2018 – Lightspeed Trading, Lime Brokerage, and efutures have announced today that they have closed on a transaction to combine brokerage operations. This newly created entity will handle roughly 1% of the US market in equities and options. The entity will be owned by Limelight Holdings LLC and supported by investments from management.
The new firm will be led by Farid Naib, Chief Executive Officer, as well as Tom Gibb and Kevin Ott acting as Co-Presidents. All are formerly from Lightspeed Trading. Brian Oliveira from Lime Brokerage will act as the CFO. The new entity will have offices in New York, Chicago, Boston, and Platteville, WI.
Farid Naib, CEO of Limelight Holdings, comments “Combining the operations of three highly recognized companies will allow us to expand our product offerings for our clients and give us a base to continue our investments in trading platforms and in client features. Our greater size will allow us to better scale our infrastructure, continuing our promise to bring robust advanced trading platforms with low latency to the market.”
The new entity will be able to offer a wider range of securities trading products, services, and the firm plans to continue its investment into technology, including web and mobile offerings, and cross-asset class platforms.
Lime Brokerage with its Lightspeed and efutures divisions, will continue to provide its customers with customized technology solutions that are reliable and scalable for all clients that want an intelligent trading platform while mitigating risk. The firm will remain a leader in providing fast and stable trading platforms, affordable pricing and fees, safe and efficient market access, robust market data and topnotch customer support for algorithmic, equity, options, and futures trading.
From a customer standpoint, business will continue as usual. In the background, the new entity will be working towards expanding its suite of technologies, products, and services to deliver additional trading capabilities and benefits for their customers.
About Lime Brokerage
Lime Brokerage LLC (Lime), is a FINRA and NFA member and a fully disclosed introducing broker-dealer based in New York City, Chicago, Boston, Los Angeles, and Platteville. Lime offers the industry’s most advanced trading technologies and execution services, providing traders superior access to the most automated, high-volume electronic trading markets. Lime’s systems provide unsurpassed reliability and scale with exceptionally low latency. Developed to handle the demands of the automated and electronic trading community, Lime’s technology caters to a diverse and sophisticated client base. The result is a robust, highly reliable, agency-only system that includes market data and trading platforms. It allows clients to trade efficiently and anonymously across all major lit and dark market venues.
ABOUT LIGHTSPEED, A DIVISION OF LIME BROKERAGE
A division of Lime Brokerage, Lightspeed offers securities and multiple routing venues and strategy destinations, trading and advanced order routing services to their clients utilizing Lightspeed’s software. For more information about Lightspeed, visit https://www.lightspeed.com/
ABOUT EFUTURES, A DIVISION OF LIME BROKERAGE
Since 1989, efutures has evolved to meet the needs of active independent futures and options traders by providing high-quality discount futures brokerage services, bolstered by excellent customer service and support. For more information about efutures, visit https://www.efutures.com/
Lime Brokerage, LLC