Dear Lightspeed Customers,
With the markets in turmoil I thought it was important to reassure you about Lightspeed Trading’s financial stability and therefore safety of your business and account with us. Some important things to keep in mind about Lightspeed Trading:
- Lightspeed Trading does not do any proprietary trading of any sort. We are 100% a retail agency broker. This means we do not commit any capital to the market, make bets on its direction, or invest in any financial instruments of any kind (including CDO’s or CMOS or leveraged derivatives, et al).
- We have a strong balance sheet and we do not rely on lines of credit that may be pulled from us from Institutions in financial trouble.
- Your accounts are ensured and protected by the Securities Investor Protection Corporation (SIPC), which provides customers with insurance protection for amounts up to $500,000 each, with a limitation of $100,000 on claims for cash balances. For important information regarding SIPC, please visit www.sipc.org. Additionally our clearing firms maintain excess SIPC policies, for more information regarding these policies please contact our RM desk or email them at rms@lightspeedtrading.com.
- Our recent quote / execution system enhancements and doubling of the support staff have proven to be invaluable tools in offering you the best available trading experience during these volatile times. Thank you to the many who have offered us compliments on both of these enhancements to our business.
You should feel confident that your business, funds, and accounts are safe under the Lightspeed Trading umbrella of services.
Thank you for your business. Lightspeed Trading… Here’s to Unfair Advantages.
Steve Ehrlich
Chief Executive Officer
Lightspeed Financial
