Lightspeed Financial, Inc., a New York-based provider of direct market access trading technology, risk management solutions, and brokerage services for institutional investors and professional retail active traders, has closed a private equity investment of undisclosed amount with LLR Partners.
The proceeds will be used to finance the acquisition of Terra Nova Financial, LLC, which brings Lightspeed’s total client base to more than 7,500 active traders executing an average of over 220 million equity shares per day with total client assets exceeding $1.35 billion.
Lightspeed Financial operates through three wholly-owned subsidiaries:
– Lightspeed Trading, LLC, which 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 Education, LLC delivers educational products to the Lightspeed Trading, LLC customer community.