NEW YORK, January 26, 2012 – Lightspeed Financial, Inc., a leading provider of direct access brokerage, trading and advanced order routing services for professional traders, reported the following business metrics and daily trading results for the year ended December 31, 2011:
Daily Average Revenue Trades (DARTs) were 353,681 compared with 367,026 in 2010.
As of December 31, 2011 total client assets were $622 million, down from $963 million on December 31, 2010.
The data includes both algorithmic and electronic trades executed through its broker-dealer Lightspeed Trading, LLC.
About Lightspeed Financial, Inc.
Headquartered in New York City, Lightspeed Financial operates through three wholly-owned subsidiaries:
Lightspeed Trading, LLC operates as a fully disclosed introducing broker-dealer and FINRA and NFA member. The Company offers securities and direct access brokerage, trading and advanced order routing services to their clients utilizing Lightspeed’s software products.
Lightspeed Technologies, LLC serves as the Company’s technology development subsidiary. Lightspeed develops and operates Lightspeed Trader, Lightspeed’s Direct Market Access trading software application; Lightspeed Gateway, Lightspeed algorithmic trading offering; Lightspeed Risk, a real-time risk management application; and Lightspeed Admin, Middle Office Technology suite. Utilizing a number of proprietary technologies, Lightspeed offers these products and more to broker-dealers, institutional entities and professional traders.
Lightspeed Education, LLC delivers educational products to the Lightspeed Trading, LLC customer community. These products include third party educational tools, webinars and the Lightspeed Spotlight social community. www.lightspeed.com
Lightspeed Financial, Lightspeed Technologies, Lightspeed Trading, Lightspeed Education and the Lightspeed logo are trademarks or registered trademarks of Lightspeed Financial, Inc.
© 2012 Lightspeed Financial, Inc. All rights reserved.
Press Contact:
Sara Sefcovic
Sloane & Company
(212) 446-1886
ssefcovic@sloanepr.com
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