Lightspeed Adds Pairs Trading via Chronos Technologies

Lightspeed Trading has added pairs trading to expand its offering of more sophisticated trading strategies to retail traders and institutions. By teaming up with Chronos Technologies, Lightspeed will offer the Iris Pairs Trading software to clients including professional traders and small and medium size hedge funds.

Pairs trading is a market neutral trading strategy tenabling traders to profit from virtually any market conditions: uptrend, downtrend, or sideways movement.

“We are seeing an increased interest in pairs trading from our clients and, as such, we teamed with Chronos Technologies to deliver its industry-leading Iris Pairs Trading Software,” commented Stephen Ehrlich, CEO, Lightspeed Financial, Inc. “Trading successfully in today’s markets is not easy and active traders are often modifying existing or developing new strategies to help them improve profitability. Our aim is to ensure that traders of varying degrees of sophistication turn to Lightspeed for an offering that helps them implement the broadest range of even the most specialized trading strategies without compromising speed and quality of executions. Iris is also a market neutral trading system with complete automation capability that strategically executes trades based upon quantitative factors customized by the user. The system is designed to decipher recognizable patterns in correlated instruments and to execute a trade when specific mathematical conditions are met. The software effectively removes the human element of pairs trading, automatically adapting to real time market conditions and diversifying risk across a variety of industry groups. "Chronos Technologies is pleased to announce our partnership with Lightspeed for the usage of our Iris pairs trading platform. Lightspeed offers Iris users cutting edge execution technology, access to a wide variety of order routing venues, competitive retail trading rates, and excellent customer service,” stated Patrick Nilles, general partner, Chronos Technologies.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio