![]() ![]() Will continue to receive the excellent customer service they have grown to expect but complemented by Lightspeeds advanced trading suite of products that are industry leading, stated Bernay Box, Chairman and Chief Executive Officer of Lightspeeds total client assets will exceed $1.25 billion with this acquisition. The combination brings the total Lightspeed client base to more the 5,500 traders executing an average of over 150 million equity Its clientsĮxecute approximately 18 million shares per day and its total client assets are approximately $450 million. Terra Nova Financial provides approximately 3,000 clients with direct market access trading services for equities, options and futures. The acquisition furthers Lightspeeds position as the active trading industrys consolidator of choice and represents its second acquisition to that end in 2010 alone. The terms of the agreement have been approved by the Boards of Directors of both companies and are subject to review and approval by regulators and the Terra Nova Financial Group for a purchase price of approximately $27.6 million. Today announced that they have entered into a definitive agreement in which Lightspeed will acquire 100% of the membership interest of Terra Nova Financial, LLC (Terra Nova Financial), a wholly owned subsidiary of Terra Nova Financial (OTCBB: TNFG) and Lightspeed Financial, Inc. 24 August 2021.Lightspeed Financial to Acquire Terra Nova Financialįirms Second Acquisition in 2010 Grows Core Business, Drives Consolidation in Active Trading IndustryĬHICAGO, IL and NEW YORK, NY(Marketwire - June 16, 2010) - Terra Nova Financial Group, Inc. ^ "Lightspeed Crypto Acquires Coinigy, One of the Industry's Leading Crypto Trading Platforms".Completes Acquisition of Lightspeed Financial Services Group's Low Latency Execution Technology". ^ "Lightspeed Trading and Lime Brokerage Announce Plans to Combine Businesses".Finance Magnates | Financial and business news. ^ "Lightspeed Trading Forges Deal with Lime Brokerage to Merge Businesses | Finance Magnates".^ "Sterling Trading Tech | LLR Portfolio Companies".^ "Chicago brokerage sold to New York firm"."Lightspeed Financial buys Chicago options firm". ^ "Lightspeed Financial Expands Presence in Equity Options with Acquisition of Greenmoor Financial Group" (Press release)."Lightspeed to buy Lime Brokerage Irish unit". ^ "Lightspeed Financial Expands Internationally Through Acquisition of Lime Brokerage International (Ireland) Limited" (Press release).^ "Lightspeed Financial Completes Acquisition of Terra Nova Financial" (Press release)."Lightspeed to acquire Chicago's Terra Nova". ^ "Lightspeed Financial Acquires Exclusive License to Operate Anvil Professional Trading Platform" (Press release)."Lightspeed Financial acquires Noble Trading". ^ Greenberg, Michael (February 17, 2010).^ "LIGHTSPEED FINANCIAL ACQUIRES NOBLETRADING" (Press release)."Lightspeed Trading sees sales doubling". ^ "Lightspeed Financial Acquires Integrity Trading" (Press release).In 2021, Lightspeed acquired Coinigy, a cryptocurrency portfolio management company to create Lightspeed Crypto. In 2020, Lightspeed sold the Lime low-latency execution platform to Score Priority, a New York–based brokerage. In the transaction it merged with Lime Brokerage, LLC, an agency brokerage owned by Wedbush. In 2018, it was sold to Wedbush Securities by its prior owner Professional Trading Solutions, which LLR Partners had invested in. In July 2011, Lightspeed acquired Greenmoor Financial Group, expanding its offerings in options. ![]() In June 2011, Lightspeed acquired Lime Brokerage International of Ireland. In October 2010, Lightspeed acquired Terra Nova Financial. In June 2010, Lightspeed received an exclusive license to operate the Anvil Professional Trading Platform. In February 2010, Lightspeed acquired NobleTrading. In 2008, Lightspeed acquired Integrity Trading. In 2006, Lightspeed was formed by the spin off of the professional trader platform of E-Trade. It also provides margin lending, and cash management services. Lightspeed Trading, LLC offers an electronic trading platform to trade financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, mutual funds, and fixed income investments.
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