![]() Global expansion "has been part of our plan since Lightspeed started five years ago. "There is a tremendous opportunity to take our DMA technology to a global stage," he said. Lightspeed's direct market access (DMA) technology will allow European clients to access the US markets, Ehrlich said. "Ireland has a deep and talented resource pool and we are looking forward to establishing our trading technology for traders and investors in Europe," Ehrlich said. Lightspeed will bring its own technology architecture and Lightspeed's trading platform, Lightspeed Trader, along with its automated trading solution, Lightspeed Gateway, to Lightspeed Financial Ireland. Now, Lightspeed is taking its suite of products to the global marketplace." Lightspeed is a provider of low latency direct market access trading technology, risk management solutions and brokerage services for retail active traders and institutional investors. Our specialty is focusing our product and our gateway to service the way active traders want to trade in the markets. "The markets are becoming more global and traders want to trade globally," Ehrlich said in the interview. This will allow us to establish a well thought out set of processes, procedures and technology architecture in our European business." The entity will be called Lightspeed Financial Ireland Ltd.Įhrlich says this acquisition reflects some of moves in the exchange space, where consolidation has been a trend for the past year or more. We can start with a clean slate and start from scratch. "This is beneficial for Lightspeed and it is the perfect opportunity. "The size of the Lime Brokerage business is essentially zero," said Ehrlich in an interview with Wall Street & Technology. The acquisition is essentially of Lime Brokerage International's license, since the company does not have an established business or client base, says Steven Ehrlich, chief executive officer, Lightspeed Financial. European investors will be able to access US markets through Lightspeed's trading solutions. ![]() The acquisition will give Lightspeed ownership of Lime's Ireland broker dealer license as it seeks to provide individuals throughout the European Union access the US equities markets. The move represents Lightspeed's first move overseas and follows Wedbush's June 13 acquisition of the main assets of Lime Brokerage LLC, the US-based broker dealer that provides high-speed trading technologies and strategies. Lightspeed Financial, a New York-based brokerage, has acquired Lime Brokerage International (Ireland) Limited, a wholly owned subsidiary of Lime Brokerage Holdings LLC.
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