Lightspeed trading(BD), Lightspeed trading platform and Sterling trader platform are all owned by PTS, professional trading systems. Is Lightspeed owned by or affiliated with Steven Schonfeld or Schonfeld Group Holdings? I lost track. I been trading with Lightspeed number of years in stocks and options, I do have couple others as backup, but am happy with them, service a hell of lot better than IB, the times you don't need to speak to a human you seldom think about the emergency times you do. I ended up choosing a different firm but if circumstances change, I'll reach out to Lightspeed again. If you're considering an active trading account, Lightspeed would be an excellent choice IMHO. He was prompt and efficient in answering all of my questions. I had a great experience working with Dan Mullen at Lightspeed trading. Most platforms offered are not available on mobile devices Multiple trading platforms offerings that change often $25,000 minimum to use Trader and RealTick platforms, and $5,000 minimum to use Web Trader are high Minimum monthly commission for accounts under $15,000 is $25 RealTick Pro is a fully featured trading software for the professional traders that includes advanced order entry and trading with real-time global data customizable user interface hotkeys and hot buttons ophisticated charting with studies, and streaming news.Charting is not as good as at the competitors. It also offers hot-key and point-and-click trading. Lightspeed Trader is a direct market access trading system fully customized could trade equities, options and futures from one platform.All software offered at the company, except Lightspeed Web Trader, comes with a steep monthly price tag of at least $100. Lightspeed Trading offers customers an ever changing number of trading platforms. A non-IRA account is easy to open by simply filling out all the forms on the website.Ĭustomers can open the following types of accounts: Individual, Joint, Option, Futures, Corporate, Partnership, Sub, LLC, Roth IRA and Traditional IRA. Users opening an IRA account have to print PDF forms (and download a new version of Acrobat Reader if they don't have it), fill out the forms by hand, then mail them (there are no fax or email options). The company definitely needs to improve its speed and make it paperless. The client experience perfectly balances robust and flexible technology solutions with focused, experienced, and high touch service. Offices are located in both New York and Chicago, and remote access to all products is available. Option pricing assumes customer priority status.Ĭommission structure does not apply to Sterling Vol Trader customers, click here for Sterling Vol Trader pricing.Supports professional traders, funds, institutions, and separately managed accounts by providing a complete suite of technology, Regulation T and portfolio margin leverage, access to our agency-only trade desk, as well as execution services. All stock/ETF pricing listed on this page applies to listed equities only. All rates are subject to ongoing review and may be increased if the client fails to meet the trade/share thresholds listed above. Rebates will not be issued for past activity. You must contact us to request any rate changes. All routing fees/rebates and regulatory fees are charged separately.Īctive Trader Commissions: Active Trader rates are not automatically applied to any account and do not automatically adjust based on monthly volume. Per-share equities pricing is not available on Lightspeed Web & Mobile. Lightspeed Web & Mobile - minimum commission of $4.50 will be applied to any options order. Eze EMS (formerly RealTick) - minimum commission of $3.00 will be applied to any order. Lightspeed Trader and Sterling Trader Pro - a minimum commission charge will be applied to any order of $0.50 on any of the discounted per share commissions. Commissions: Accounts under $15,000 will be subject to a $25 monthly m inimum commission fee, minus any actual commissions charged in the prior month.
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