NEW YORK, Feb 19, 2008 — Lightspeed Financial, LLC reported the following business metrics and daily trading results for the month of January. The data includes both black box and manual trades executed through its broker-dealers, Lightspeed Professional Trading, LLC and Lightspeed Trading, LLC:
– 975,000 Daily Average Revenue Trades (DARTs)
– 190 million total client shares traded per day
– $389 million total client assets at January 31, 2008
For December, the Company reported 369,000 DARTs and 75 million total client shares traded per day. Additionally, client assets totalled $284 million at December 31, 2007.
About Lightspeed Financial, LLC
Headquartered in New York City, Lightspeed Financial operates through three wholly-owned subsidiaries:
Lightspeed Technologies, LLC serves as the Company’s technology development subsidiary. Lightspeed develops and operates the Lightspeed Direct Market Access trading software application, the Lightsource real-time risk management application and the Middle Office Technology suite. Utilizing a number of proprietary technologies, Lightspeed offers real-time market data platforms and direct-access trading systems to broker-dealers, institutional entities and professional traders.
Lightspeed Professional Trading, LLC and Lightspeed Trading, LLC operate as fully disclosed introducing broker-dealers and FINRA and NFA members. They offer securities and direct access brokerage, trading and advanced order routing services to their customers utilizing Lightspeed’s software products.
SOURCE: Lightspeed Financial, LLC
Sloane & Company
Mike Boccio, (212) 446-1867
mboccio@sloanepr.com
