Lightspeed Institutional Expands Offering with New Prime Brokerage Division

The firm has also added Craig Aronoff as EVP Prime Brokerage Services and Joe Minton to manage its agency trading

Lightspeed Institutional, a division of Lightspeed Trading, announced today that it is broadening its offering to institutional traders by launching a new prime brokerage division. 

Lightspeed Trading 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 its clients utilising Lightspeed’s software products.

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Finance Magnates last reported on the company last November after it completed the integration of TipRanks’s rating tools in a bid to provide its clients with new research capabilities.

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In a further natural extension to its services, the company is broadening its reach to the institutional market with products and services for established as well as start-up hedge funds by launching its prime brokerage division.

New Appointments

As part of the launch, Lightspeed Institutional has appointed Craig Aronoff to its team as EVP of Prime Brokerage Services. Aronoff began his career at Shearson Lehman Brothers as a financial consultant. Most recently he founded Victor Securities, a firm providing technology-driven brokerage solutions to professional traders.

Thomas Gibb, Co-President of Lightspeed Trading, said: “Craig brings a wealth of experience and an extensive network in the hedge fund and professional trading industry. He understands the needs of this community and is a tremendous asset to the Lightspeed team.”

In addition, Joe Minton has joined Lightspeed from Livevol Securities to manage its agency trading desk. Minton began his derivatives career in 1998 as an equity option market maker and volatility trader, bringing over 15 years of trading experience to the team. The agency desk provides liquidity sourcing services to institutions, high net worth individuals, and active traders, specialising in block orders, thinly traded securities, and flex options.

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