Lime Brokerage Introduces Sponsored Access Solution for High-Frequency Trading Firms
Poster: SySAdmin
Posted on March 24, 2010 at 7:42:01 AM
Lime Brokerage Introduces Sponsored Access Solution for High-Frequency Trading Firms
LimeInside provides pre-trade controls that meet or exceed proposed regulatory criteria with single-digit microsecond latency
NEW YORK, March 24 -- Lime Brokerage LLC (http://www.limebrokerage.com), an independent high-volume agency broker and leading provider of high-throughput, low-latency technologies to the professional trading community, is rolling out an offering that addresses the SEC's pending ban of naked sponsored access. LimeInside is the industry's fastest and most comprehensive solution for high-performance, exchange co-located sponsored access.
(Logo: http://www.newscom.com/cgi-bin/prnh/20100324/NY75754 )
The patent-pending order placement validation and market-driver platform enables trading firms to co-locate at major U.S. trading venues, without the potential for exceeding trading limits or violating other regulatory requirements imposed upon the sponsoring broker.
LimeInside seamlessly integrates risk controls, order management, real-time market data, and directed destination routing for the most efficient market access. A non-intrusive trading API resides directly within the client's trading environment to minimize latency and maximize performance.
The practice of sponsored access is subject to numerous compliance criteria defined by regulators that require real-time pre-trade risk monitoring on sponsored trading of exchange-traded equities and equity options. The LimeInside solution satisfies both existing and anticipated compliance criteria, offering:
-- Pre-trade order validation, as mandated by Nasdaq and proposed SEC
regulations, with high throughput and minimal latency;
-- Risk aggregation across venues via LimeInside's patent-pending
information sharing protocol;
-- Verification checks that prevent submission of orders to the markets
if trading limits are exceeded;
-- Configurable checks on human error ("fat finger");
-- Highly optimized order management and delivery to the exchange's
matching engine;
-- Integration with Citrius(TM), Lime's real-time Quote Delivery System
for multiple destinations;
-- Patent-pending data-output shaping algorithm for low latency and
high-throughput quote delivery;
-- Protection of flow from hidden information leakage attacks - Lime
Brokerage does not operate a proprietary trading desk or dark pool and
offers the highest level of security to protect both the client
application and the pre-order validation model;
-- Solid reliability, thanks to Lime's redundant, scalable
infrastructure.
LimeInside is currently available for a select number of firms who want sponsored access to NASDAQ, NYSE Arca and BATS; additional markets to be added based upon customer demand and availability of co-location facilities. The solution is quickly and easily installed and integrated at the exchange's co-location site via Lime's C++ API. LimeInside's speed, scalability, configuration and service alternatives provide significant advantages to firms operating either as hedge funds or broker dealers.
"Lime has long been a vocal proponent of rules preventing naked access and as an industry leader, we have created a solution that is consistent with regulatory mandates without sacrificing performance," states Jeffrey Wecker, President and CEO of Lime Brokerage.
"If you are among the fastest traders on the planet, you owe it to yourself to take a closer look at our patent-pending technology," Wecker adds. "Our pre-trade order validation is so fast, you will not only reduce your latency, but in many cases will see net-negative latency relative to your existing platform."
About Lime Brokerage
Providing customers with performance-engineered trading solutions that deliver speed, scale and reliability is the hallmark of Lime Brokerage. Lime integrates world-class advanced execution technology with clearing and reporting services for seamless support of the most complex, automated and high-volume electronic trading strategies. Our technology and trading platform allows our customers to access an independent, agency-only system to trade quickly, reliably and anonymously on multiple exchanges, ECNs and trading venues. Clients include professional traders, hedge funds, asset managers and broker-dealers. For more information about Lime Brokerage, please visit http://www.limebrokerage.com or email info@limebrokerage.com.
Media Contact:
Mike Felix
Lime Brokerage
(212) 824-5544
mfelix@limebrokerage.com
Photo: http://www.newscom.com/cgi-bin/prnh/20100324/NY75754
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Lime Brokerage LLC
CONTACT: Mike Felix of Lime Brokerage, +1-212-824-5544,
mfelix@limebrokerage.com
Web Site: http://www.limebrokerage.com/
LimeInside provides pre-trade controls that meet or exceed proposed regulatory criteria with single-digit microsecond latency
NEW YORK, March 24 -- Lime Brokerage LLC (http://www.limebrokerage.com), an independent high-volume agency broker and leading provider of high-throughput, low-latency technologies to the professional trading community, is rolling out an offering that addresses the SEC's pending ban of naked sponsored access. LimeInside is the industry's fastest and most comprehensive solution for high-performance, exchange co-located sponsored access.
(Logo: http://www.newscom.com/cgi-bin/prnh/20100324/NY75754 )
The patent-pending order placement validation and market-driver platform enables trading firms to co-locate at major U.S. trading venues, without the potential for exceeding trading limits or violating other regulatory requirements imposed upon the sponsoring broker.
LimeInside seamlessly integrates risk controls, order management, real-time market data, and directed destination routing for the most efficient market access. A non-intrusive trading API resides directly within the client's trading environment to minimize latency and maximize performance.
The practice of sponsored access is subject to numerous compliance criteria defined by regulators that require real-time pre-trade risk monitoring on sponsored trading of exchange-traded equities and equity options. The LimeInside solution satisfies both existing and anticipated compliance criteria, offering:
-- Pre-trade order validation, as mandated by Nasdaq and proposed SEC
regulations, with high throughput and minimal latency;
-- Risk aggregation across venues via LimeInside's patent-pending
information sharing protocol;
-- Verification checks that prevent submission of orders to the markets
if trading limits are exceeded;
-- Configurable checks on human error ("fat finger");
-- Highly optimized order management and delivery to the exchange's
matching engine;
-- Integration with Citrius(TM), Lime's real-time Quote Delivery System
for multiple destinations;
-- Patent-pending data-output shaping algorithm for low latency and
high-throughput quote delivery;
-- Protection of flow from hidden information leakage attacks - Lime
Brokerage does not operate a proprietary trading desk or dark pool and
offers the highest level of security to protect both the client
application and the pre-order validation model;
-- Solid reliability, thanks to Lime's redundant, scalable
infrastructure.
LimeInside is currently available for a select number of firms who want sponsored access to NASDAQ, NYSE Arca and BATS; additional markets to be added based upon customer demand and availability of co-location facilities. The solution is quickly and easily installed and integrated at the exchange's co-location site via Lime's C++ API. LimeInside's speed, scalability, configuration and service alternatives provide significant advantages to firms operating either as hedge funds or broker dealers.
"Lime has long been a vocal proponent of rules preventing naked access and as an industry leader, we have created a solution that is consistent with regulatory mandates without sacrificing performance," states Jeffrey Wecker, President and CEO of Lime Brokerage.
"If you are among the fastest traders on the planet, you owe it to yourself to take a closer look at our patent-pending technology," Wecker adds. "Our pre-trade order validation is so fast, you will not only reduce your latency, but in many cases will see net-negative latency relative to your existing platform."
About Lime Brokerage
Providing customers with performance-engineered trading solutions that deliver speed, scale and reliability is the hallmark of Lime Brokerage. Lime integrates world-class advanced execution technology with clearing and reporting services for seamless support of the most complex, automated and high-volume electronic trading strategies. Our technology and trading platform allows our customers to access an independent, agency-only system to trade quickly, reliably and anonymously on multiple exchanges, ECNs and trading venues. Clients include professional traders, hedge funds, asset managers and broker-dealers. For more information about Lime Brokerage, please visit http://www.limebrokerage.com or email info@limebrokerage.com.
Media Contact:
Mike Felix
Lime Brokerage
(212) 824-5544
mfelix@limebrokerage.com
Photo: http://www.newscom.com/cgi-bin/prnh/20100324/NY75754
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Lime Brokerage LLC
CONTACT: Mike Felix of Lime Brokerage, +1-212-824-5544,
mfelix@limebrokerage.com
Web Site: http://www.limebrokerage.com/