Lightspeed Financial, a provider of direct market access (DMA) trading technology, risk management solutions and brokerage services, has acquired NobleTrading.
Stephen Ehrlich, Chief Executive Officer of Lightspeed Financial, said in a statement, “We remain committed to aggressively pursuing strategic growth opportunities to increase our footprint in the market, further position the firm as the industry consolidator of choice, and solidify Lightspeed as the only destination for sophisticated active and semi-active traders.”
He added, “Our acquisition of NobleTrading is an important step forward as we continue to grow our business and target a broader segment of individual traders through an expanding product offering centered on client service and education.”
NobleTrading has about 1,600 clients that it provides with DMA trading services across equities, options, futures and forex. The firm is a registered broker-dealer, member of FINRA, SIPC and the NFA, and has a clearing relationship with Penson Financial Services.