LOS ANGELES, Jan. 26, 2015 (GLOBE NEWSWIRE) -- Wedbush Securities, one of the nation's leading financial services providers, is pleased to announce that it will now be providing correspondent clearing services for Lightspeed Trading, a subsidiary of Professional Trading Solutions, Inc.
Wedbush Securities provides specialized execution, clearing, and custody solutions to full service and independent broker dealers, underwriting firms, market makers, and proprietary trading broker dealers. As a leading provider of clearing services for more than 35 years, the firm's strong financial position and broad capabilities make it a secure, trustworthy partner for its diverse client base. Wedbush is a highly regarded clearing firm that has grown significantly due to its strong operational controls, disciplined financial management, advanced technology, and risk management solutions.
"We look forward to working with Wedbush and are enthusiastic about what this new clearing relationship will offer our sophisticated, active traders," said Andrew Brenner, President of Lightspeed Trading. "Our clients will not see any fee increases as a result of this partnership, and will continue to have access to the same robust trading platforms."
Wedbush Securities and Professional Trading Solutions, formerly Lightspeed Trading Inc., first established a relationship in 2009 when Wedbush started offering its proprietary trading clients access to Lightspeed Trading, Lightspeed Trader, and Lightspeed Risk. Working with Lightspeed has given Wedbush the ability to offer its clients a more robust, holistic trading experience, while meeting client needs and maintaining a competitive edge in the marketplace.
"We are pleased to expand our relationship with Lightspeed Trading and look forward to this enhanced partnership in clearing," said Rob Paset, Senior Vice President, Wedbush Securities, Correspondent Services. "Our stability, consistency, broad capabilities and client-focus provide value that is unparalleled, and we remain committed to providing the best clearing services designed to fit each client's specific needs."
About Lightspeed Trading, LLC
A subsidiary of Professional Trading Solutions, Inc - Lightspeed Trading, LLC, is a FINRA and NFA member and a fully disclosed introducing broker-dealer based in New York City and Chicago. The Company offers securities and direct access brokerage, trading and advanced order routing services to their clients utilizing Lightspeed's software products. Lightspeed Institutional is a division of Lightspeed Trading, LLC.
About Wedbush Securities
Founded in 1955, Wedbush Securities is a leading financial services firm that provides brokerage, clearing, investment banking, equity research, public finance, fixed income sales and trading, and asset management to individual, institutional and issuing clients. Headquartered in Los Angeles, with over 100 registered offices, the firm focuses on relentless service, client financial safety, continuity, and advanced technology. Wedbush Securities is the largest subsidiary of holding company WEDBUSH, Inc., which also includes affiliated firms Wedbush Asset Management, Wedbush Capital Partners, Wedbush Opportunity Partners, and Lime Brokerage LLC. Follow us on Twitter @Wedbush.
Wedbush Securities Announces Clearing Relationship with Lightspeed Trading
| Source: Wedbush Securities