Lightspeed Trading has announced that it has made requesting shorts much easier in its latest Lightspeed Trader platform version 8.2.171. Now customers can request shorts not found on the Easy to Borrow list directly from within the platform itself.
In partnership with Velocity Capital, LLC, Lightspeed Trader makes it possible for clients to request, price, and obtain locates in a fully automated fashion. Customers wishing to short a stock not on the Easy to Borrow list will no longer have to phone the support desk, resulting in quicker and easier access to borrows.
"Automated short locate functionality within the front end was something our customers expressed great interest in,” said Tom Gibb, Co-President of Lightspeed Trading. “We take great pride in listening to our active traders and expanding Lightspeed Trader’s functionality in ways that enhance their trading experience.”
If you currently use Lightspeed Trader and would like to access the new short requester, please download the latest version of the platform and contact Lightspeed Client Services to enable the window.
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.