Recent Webinar Offers Inside Look at New Features of Lightspeed Trader

Our own Joe Ely, VP of Strategic Business Development, hosted a webinar on May 24th to show current and prospective active traders an inside view of some of the new features offered in the latest version of Lightspeed Trader, our flagship stock and option trading software. Here’s a quick overview of some of the features that were highlighted:

Short Locate and Marginability

Stock locate made easy. When you’re looking at a level 2 window displaying information on a stock symbol, you’ll notice two icons in the upper right-hand corner. There will be a letter, followed by a number with a percentage. The letter represents the shortability:

  • E – A green “E” means the stock is easy to borrow and may be shorted.
  • L – A gray “L” means that a locate is required to short the stock.
  • T – A red “T” means the stock is a threshold security and is not available to short.

The number following the letter represents the margin requirement for the stock you are looking at. Also referred to as the marginability or the percentage of equity that you need in order to execute a long trade.

Find a stock with a gray “L” that you want to borrow? With our short locate feature, this is easier than ever. This eagerly-awaited feature allows you to request shorts that are not on the “Easy to Borrow” list. To add this feature to your trading account, make sure you download the latest version of Lightspeed Trader, and then call or email our Client Services, 1.888.577.3132 or [email protected].

More Customization Options

One of the reasons many traders love our stock and options trading platform is that there are so many ways to create a customized trading layout to your liking. Each window can be configured with font style, color, and a multitude of other options by simply clicking the cog in the upper right-hand corner.

In this webinar, Joe also reviewed how you can set stock alerts for just about any event and choose your own sounds. For example, you could select an alert for with a specific amount for last bid, or ask, for a stock symbol that you’re monitoring. The sounds you can choose from are the Windows default sounds, which can be configured in your computer’s control panel.

Another customization option that many people have been requesting is the ability to add VWAP (Volume Weighted Average Price) as a data field when viewing a stock symbol. To do this, just go to the level one customization options and select the option to add the VWAP data field.

TipRanks and Lightscan

Joe also took some time during this webinar to review two other recently added features, TipRanks and Lightscan.

TipRanks lets you view a daily stock rating list from analysts. Each one is rated with up to five stars to indicate their record, allowing traders to determine whether the analyst’s advice is sound so they can incorporate new ideas into their strategy. You can also search any stock symbol to see whether analysts are choosing to buy, sell, or hold, graphically represented in a pie chart. Additionally, hedge fund activity may also be viewed.

Lightscan is our built-in stock scanner. Although it comes with the software, you will need to call or email our Client Services department in order to gain access to this feature. The scanner provides an efficient way to sort through available stock. You can sort the data by dozens of different criteria, including by percent change, enabling you to see which symbols have the greatest positive or negative change.

If you missed the webinar, you may view the recording here.

We are always listening to feedback from our customers to make our cheap trading software as versatile and convenient as it can be. Stay tuned for upcoming webinars which explore the features of Lightspeed Trader, trading strategies, and more.

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.

You may also be interested in...

The IPOX® Week, January 10th, 2022
Read More
The IPOX® Week, January 3rd, 2022
Read More
The IPOX® Week, December 27th, 2021
Read More
Timing Is Everything For Successful Traders
Read More

Try the demo

Compare Platforms
Check the background of this firm on FINRA's BrokerCheck

Our website uses cookies to improve the performance of our site, to analyze the traffic to our site, and to personalize your experience of the site. You can control cookies through your browser settings. Please find more information on the cookies used on our site in our Privacy Policy. By clicking OK, you agree to allow us to collect information through cookies.