Lime Brokerage

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Lime Brokerage
Lime brokerage.png
Founded 2000
Headquarters New York
Key People Farid Naib, CEO
Products Trade execution
Website www.limebrokerage.com

Lime Brokerage LLC is a New York-based broker-dealer that provides low-latency securities trading technology and risk management for systematic traders and institutions. The broker-dealer offers trading in equities, futures, and options on multiple exchanges, ECNs and other trading venues. The firm targets professional traders, hedge funds, asset managers and other broker-dealers, and is a member of NYSE, Nasdaq, FINRA, NFA and SIPC. It is one of several trading and technology ventures developed by Mark Gorton.

The firm has offices in New York, Chicago, Boston, and Platteville, WI.

Lime Brokerage LLC was acquired by Wedbush Inc., a full-service investment firm, on June 13, 2011. Wedbush integrated Lime’s trading technologies with Wedbush Securities’ Advanced Clearing Services to provide for the high-speed execution, market data, and risk control requirements of both firm’s clients.[1] Wedbush sold Lime Brokerage LLC in 2018.

History

The firm’s former holding company, Lime Brokerage Holdings LLC, acquired a minority stake in the BATS Trading ECN in October 2006 and added a minority stake in the Cboe Stock Exchange (CBSX) in January 2007.[2] [3] In 2011 the firm was acquired from the holding company by Wedbush Inc., the parent company of Wedbush Securities Inc. Lime Brokerage Holdings LLC was later closed.

Lightspeed Financial acquired Lime Brokerage International (Ireland) LLC in June of 2011 for an undisclosed sum.[4][5][6]

In May 2018, Lime Brokerage became part of Limelight Holdings LLC along with the assets of Lightspeed Trading and efutures.

Products and Services

Lime offers a selection of electronic trading connection alternatives for customers, including an API available in Java and C/C++, an industry standard FIX protocol and front-end connectivity through REDIPlus, Bloomberg and a proprietary product.[7]

On September 20, 2010, Lime Brokerage launched high-speed options execution to complement its high-speed equities and futures trading capabilities. The high-speed offering aggregates data, execution, pre-order risk controls and clearing/reporting into a single platform. Available options exchanges are BATS Options (BATS), Boston Options Exchange (BOX), Chicago Board Options Exchange (CBOE), International Securities Exchange (ISE), Nasdaq OMX Options (NOM), Nasdaq OMX PHLX (PHLX), NYSE Amex Options (AMEX) and NYSE Arca Options (ARCA).[8]

Key People

References

  1. Wedbush Acquires Lime Brokerage. Wedbush.
  2. Lime Brokerage to Acquire Stake in BATS Trading ECN. Automtated Trader.
  3. Press release. CBOE.
  4. Lightspeed Financial Buys Lime Brokerage's Ireland Unit. Dow Jones.
  5. Lightspeed Buys Lime Brokerage. Advanced Trading.
  6. Lightspeed Readies European Business. Waterstechnology.
  7. Brokerage Services for Automated and Sophisticated Traders. Lime Brokerage LLC.
  8. Lime Brokerage Goes Live With High-Speed Options Trading. Lime Brokerage.

External Links