Lightspeed Trading

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Note: The following information has not been updated by the vendor since 01/16/13.

Address:	1001 Avenue of the Americas, 16th Floor
	New York, NY 10018
Phone # for sales:	1 888 LSPD123 577 3123
Additional Phone #:	646 393 4800
Website:	www.lightspeed.com
Click link to request additional product information.
E-mail address:	contactus@lightspeed.com

CATEGORY: BROKERAGES

General Information | Account Information | Features | Additional Comments

General Information TOP

Brokerage name: Lightspeed Trading

Minimum account size: > $10000

Base commission rates: Price varies with trading activity

Brief explanation of margin rates, if applicable:

Lightspeed offers a 6% margin rate. More information can be found here: http://www.lightspeed.com/?page_id=5061&tc=4&tab=5094&from=5094

This brokerage has been in business for: 5-10 years

Primary type of broker: Instant order execution-Stocks

Brief description of services offered:

Headquartered in New York City, Lightspeed Financial is a leading provider of ultra low latency direct market access (DMA) trading technology, risk management solutions, and brokerage services for active and semi-active retail traders, proprietary trading groups, hedge funds, and algorithmic "black box" firms. Lightspeed's diversified product suite includes software- and web-based trading platforms and offers access to all major US exchanges, ECNs and dark pools. Lightspeed now also offers complex options executions in its flagship platform, Lightspeed Trader. Lightspeed offers tools designed to meet the needs of clients ranging from semi-active traders to those employing sophisticated high frequency trading algorithms. Its client exclusive social community, Lightspeed Spotlight, provides access to educational tools, news and expert market commentary, as well as interactive forums where users can share trading ideas and strategies and webinars on a variety of trading topics - all with the goal of helping make clients better traders. Lightspeed's unmatched technologies combined with exceptional service and educational resources give traders the edge they need to succeed.

Account Information TOP

Types of trading accounts offered:

Full Service

Customers online account information is updated: N/A

Types of trades offerered:

Stocks
Options
Futures
Forex

Other trade types: Currencies

Types of quotes offered to customers:

Real-Time
Nasdaq Level II

Execution methods offered:

Electronic direct access trading(SOES, SNET and the ISLD ECN)

Exchanges covered:

American Stock Exchange (AMEX)
Arizona Stock Exchange
Boston Stock Exchange
CBOE-Chicago Board Options Exchange
CBOT-Chicago Board of Trade
Chicago Stock Exchange
Cincinnati Stock Exchange
CME-Chicago Mercantile Exchange
NASDAQ
New York Stock Exchange (NYSE)
NYCE-New York Cotton Exchange
NYMEX & COMEX-New York Mercantile Exchange
Philadelphia Stock Exchange

Setup or initial costs to set up an account: Depends on type of account

Features TOP

Types of services offered to customers:

Technical Analysis
Fundamental Analysis
Advanced- charts & graphs (technical indicators, ability to change parameters, etc.)
Trading software- charts & graphs (create trading systems, scan and sort based on technical criteria)
Head line news

Ways customers can access their trading account:

Internet
Telephone

Allow stop, limit, and stop limit orders? Yes

Charge extra for stop, limit, and stop limit orders: No

Offer 24 hour customer support: No

Offer tax planning advice: Yes

Additional Comments TOP

Special features included in the service are:

Lightspeed offers the following types of accounts: PDT, Margin, Portfolio Margin, Cash for individuals, joint, Corp/LLC, Partnerships, IRAs and Trusts.

This broker's service is better than the competition in these areas:

Lightspeed offers a competitive per share pricing model and also passes through exchange fees and rebates to customers, effectively allowing customers to control their trading costs. There is no cost to set up a manual account and cost varies for algorithmic accounts.

Types of security precautions taken for customers:

N/A

Communications during systems failures has been assured through:

Lightspeed technology is proprietary and built in-house. As such, we are able to assure clients that our systems will be up and running consistently, even through major market and weather events.

The major plans for upgrading the current level of trading service are as follows:

Lightspeed is currently exploring expansion to international markets.

General Information | Account Information | Features | Additional Comments

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