Chicago, IL, August 24, 2013 --(PR.com
)-- Lightspeed Trading, LLC, the leading provider of professional trading tools for active traders, announces the addition of five new order routes to their flagship platform Lightspeed Trader. Lightspeed Trader now boasts more than 100 user selectable routes, giving their clients an opportunity to route orders in a way that best suits them. The new routes include ITG, Barclays, Lightspeed’s Dark Assault, Cross Finder from Credit Suisse, and PDQ.
Noting the sophistication of their traders, Lightspeed’s President Collin Carrico says “Lightspeed Trader provides our clients with a ever more sophisticated and flexible trading platform, including the ability to configure every part of their trading environment. The addition of these new order routes reflects Lightspeed’s commitment to continuously improving our offering and providing our clients with the best possible tools.”
See descriptions of the latest routes below:
LSPT: LSPT is a low cost option for all types of traders. Utilizing this route can cut cost by up to 50% over removing liquidity directly from major exchanges.
Lightspeed Dark Assault: The new Dark Assault route offers improved pricing, enhanced Dark Pool access with more liquidity providers, increased chance for price improvement, ability to rest orders, and both day and IOC orders are now accepted.
Credit Suisse’s Cross Finder: Crossfinder is one of the world's most significant pools of liquidity, bringing clients together to minimize impact and maximize execution quality. Advantages include opportunity for price improvement on trades at or within the spread as well as reduced signaling risk, as none of your order is displayed on the public order book.
ITG: A truly global dark aggregator, POSIT Marketplace® is the only way to simultaneously access all of ITG’s liquidity and cross anonymously with quality liquidity pools across small-, mid-, and large-cap stocks.
Barclays: Barclays LX Dark Liquidity Crossing Network is a dark liquidity crossing network which aggregates liquidity across the firm, including orders from clients and non-displayed trading partners, to provide users access to a deep and unique pool of liquidity.
About Lightspeed Financial, Inc.
Based in New York City and Chicago, Lightspeed Financial, through its wholly-owned subsidiary, Lightspeed Trading, LLC, operates 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 Institutional is a division of Lightspeed Trading, LLC.