Lightspeed (brokerage)
| Company type | Private |
|---|---|
| Industry | Financial services |
| Predecessor | E-Trade professional trader platform |
| Founded | 2006 |
| Headquarters | United States |
Area served | Global |
| Products | Electronic trading platform, margin financing, cash management solutions |
| Parent | Wedbush Securities (since 2018) |
Lightspeed Trading, LLC operates an electronic trading platform that facilitates transactions in various financial asset classes such as common stocks, preferred stocks, futures contracts, exchange-traded funds, options, mutual funds, and fixed income securities. Additionally, the company offers services including margin financing and cash management solutions.
History
Established in 2006 as a spin-off from the professional trader platform of E-Trade, Lightspeed grew through a series of acquisitions: Integrity Trading in 2008, followed by NobleTrading and Terra Nova Financial both in 2010. That same year, the company obtained an exclusive license to operate the Anvil Professional Trading Platform.
In 2011, Lightspeed broadened its global footprint by acquiring Lime Brokerage International based in Ireland and bolstered its options trading expertise through the acquisition of Greenmoor Financial Group.
Lightspeed was purchased in 2018 by Wedbush Securities from Professional Trading Solutions, which was supported by LLR Partners. This acquisition combined Lightspeed with Wedbush’s Lime Brokerage, LLC.
In 2020, the Lime low-latency execution platform was divested to Score Priority, a brokerage firm headquartered in New York. The company then ventured into cryptocurrency markets in 2021 by acquiring Coinigy and launching Lightspeed Crypto.