Lightspeed Trader Adds Short Locate Functionality

A long-requested capability that users wanted in the Lightspeed Trader platform was the ability to find stocks to short easier and faster. Version 8.2.171 of Lightspeed Trader added a new functionality which allows customers to request shorts which are not found on the “Easy to Borrow” list. This new feature is an example of one of the ways that we here at Lightspeed consistently listen to customer feedback to improve the user experience at every opportunity.

Tom Gibb, Co-President of Lightspeed, had that to say about the additional feature: “Automated short locate functionality within the front end was something our customers expressed great interest in. We take great pride in listening to our active traders and expanding Lightspeed Trader’s functionality in ways that enhance their trading experience.”

How Short Locate Works

Previously, when customers wanted to know if a stock was available to borrow, they needed to call the support desk. Now, thanks to a partnership with Velocity Capital, LLC, the process is fully automated. Users can now add the Short Request module to their Lightspeed Trader home screen. This new feature is very simple to use. Customers can search for the stock symbol that they would like to borrow, input the desired quantity, and press the “Locate” button. If the stock is available, the software will return with the current borrow price per share and the total cost to borrow. At that point, users can determine whether they want to borrow the stock at the available price, or if they want to cancel the request. With this added feature, low cost trading is easier than ever.

How to Add the Short Locate Functionality to Lightspeed Trader

Current users of the Lightspeed Trader platform will need to download the latest version in order to have access to this new feature. After the program has been updated, the customer will need to contact Lightspeed Client Services in order to activate the window. Our experienced staff members are available during both regular and extended market hours to better serve you. Customers may call 888.577.3123 and select Option 1 to speak with a representative, or they may email [email protected].

There has never been a better time to try the Lightspeed Trader platform. You can request a free demo of our versatile, cheap trading software to explore all of the other benefits that Lightspeed Trader has to offer.

Lightspeed Financial Services Group LLC is not affiliated with these third-party market commentators/educators or service providers. Data, information, and material (“content”) are provided for informational and educational purposes only. This content neither is, nor should be construed as an offer, solicitation, or recommendation to buy or sell any securities or contracts. Any investment decisions made by the user through the use of such content is solely based on the users independent analysis taking into consideration your financial circumstances, investment objectives, and risk tolerance. Lightspeed Financial Services Group LLC does not endorse, offer nor recommend any of the services or commentary provided by any of the market commentators/educators or service providers and any information used to execute any trading strategies are solely based on the independent analysis of the user.

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