Lightspeed Expands Offering To Include Pairs Trading
Combines Industry-Leading Iris Pairs Trading Software with Lightspeed’s Stable, Fast Execution Capabilities
NEW YORK, March 7, 2013 /PRNewswire-iReach/ — Lightspeed Financial, Inc., a leading provider of low latency direct market access trading technology, risk management solutions, and brokerage services for retail traders and institutions, today announced it is teaming with Chronos Technologies to offer the Iris Pairs Trading Software to Lightspeed clients.
Stephen Ehrlich, CEO, Lightspeed Financial, Inc., said: “Trading successfully in today’s markets is not easy and active traders are often modifying existing or developing new strategies to help them improve profitability. Our aim is to ensure that traders of varying degrees of sophistication turn to Lightspeed for an offering that helps them implement the broadest range of even the most specialized trading strategies without compromising speed and quality of executions. We are seeing an increased interest in pairs trading from our clients and, as such, we teamed with Chronos Technologies to deliver its industry-leading Iris Pairs Trading Software.”
Iris is a market neutral trading system with complete automation capability that strategically executes trades based upon quantitative factors customized by the user. The system is designed to decipher recognizable patterns in correlated instruments and to execute a trade when specific mathematical conditions are met. The software effectively removes the human element of pairs trading, automatically adapting to real time market conditions and diversifying risk across a variety of industry groups.
“Chronos Technologies is pleased to announce our partnership with Lightspeed for the usage of our Iris pairs trading platform. Lightspeed offers Iris users cutting edge execution technology, access to a wide variety of order routing venues, competitive retail trading rates, and excellent customer service,” said Patrick Nilles, general partner, Chronos Technologies.
Iris is now available to new and existing Lightspeed clients. For more information and platform rates, please visit lightspeed.com
About Lightspeed Financial, Inc.
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 Institutional is a division of Lightspeed Trading, LLC.
Lightspeed Technologies, LLC serves as the Company’s technology development subsidiary that develops and operates the Lightspeed Trader DMA platform; Lightspeed Gateway, the firm’s algorithmic trading offering; Lightspeed Risk, a real-time risk management application; and Lightspeed Admin, Middle Office Technology suite.
Lightspeed Education, LLC delivers educational products to the Lightspeed Trading, LLC customer community.
Lightspeed Financial, Lightspeed Technologies, Lightspeed Trading, Lightspeed Education and the Lightspeed logo are trademarks or registered trademarks of Lightspeed Financial, Inc.
© 2013 Lightspeed Financial, Inc. All rights reserved.
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SOURCE Lightspeed Financial