Lightspeed Financial acquires Noble Trading

Wednesday, 17/02/2010 | 21:40 GMT by Michael Greenberg
Lightspeed Financial acquires Noble Trading

It's a slow news week, what can I say...

In what appears to be a merger between two small Introducing Brokers/Trading Technology Providers Lightspeed Financial has acquired Noble Trading. Both of the firms are registered with several regulatory authorities including the NFA where both of the firms are registered as Introducing Brokers. Small parts of their business is to provide Forex trading services to clients.

New York-based NobleTrading provides its nearly 1,600 clients with DMA trading services across a host of asset classes including equities, options, futures and forex. NobleTrading clients execute approximately 25 million shares per day and total client assets are $62 million. The firm is a registered broker-dealer, a member of FINRA, SIPC and the NFA, and has a clearing relationship with Penson Financial Services.

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.

Lightspeed Technologies, LLC serves as the Company's technology development subsidiary.

Lightspeed Education, LLC delivers educational products to the Lightspeed Trading, LLC customer community.

It's a slow news week, what can I say...

In what appears to be a merger between two small Introducing Brokers/Trading Technology Providers Lightspeed Financial has acquired Noble Trading. Both of the firms are registered with several regulatory authorities including the NFA where both of the firms are registered as Introducing Brokers. Small parts of their business is to provide Forex trading services to clients.

New York-based NobleTrading provides its nearly 1,600 clients with DMA trading services across a host of asset classes including equities, options, futures and forex. NobleTrading clients execute approximately 25 million shares per day and total client assets are $62 million. The firm is a registered broker-dealer, a member of FINRA, SIPC and the NFA, and has a clearing relationship with Penson Financial Services.

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.

Lightspeed Technologies, LLC serves as the Company's technology development subsidiary.

Lightspeed Education, LLC delivers educational products to the Lightspeed Trading, LLC customer community.

Topics
forex
NFA
regulation
trading
brokers
fx
securities
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