NEW YORK–(BUSINESS WIRE)–Trillium announced today that Lime Brokerage will now use Trillium’s Surveyor platform for trade surveillance.
Lime Brokerage recently merged with Lightspeed Trading and efutures to share efficiencies and extend product and service offerings. Lime offers low-latency brokerage services to algorithmic trading firms, accounting for roughly 1% of the U.S. market in equities and options. Recognizing the success Lightspeed has had with its trade surveillance platform, Surveyor, the now larger brokerage will adapt the Surveyor platform to its Lime offerings in addition to the existing Lightspeed implementation.
“We have been using Surveyor for several years in our Lightspeed division and feel confident using this product,” said Lime CEO Farid Naib. “Surveyor’s accurate alerts and intuitive interface has saved our compliance team a vast number of working hours. It was a no-brainer to expand our relationship with Surveyor after the completed merger.”
“We are grateful to Farid and his team at Lime for their continued support,” said Trillium CEO Barry Schwarz. “Lime offers industry-leading technology and market access for the automated and electronic trading community, and we are proud to be a part of their infrastructure.”
Surveyor is the only trade surveillance software that qualifies alerts using full depth-of-book market data. Competing software just uses top of book data, missing real market manipulation and producing useless false positives.
Trillium is a diversified financial services firm operating both Trillium Trading, a proprietary intraday equities trading group, and Trillium Labs, a trading technology development group and the creator of Surveyor, a post trade analytics and market surveillance tool designed to detect and eliminate market manipulation. Trillium is headquartered in New York City, with additional trading floors in Chicago and Miami. For additional information, please visit TRLM.com or follow Trillium on Twitter, and LinkedIn.
About Lime Brokerage:
Lime Brokerage LLC (Lime), is a FINRA and NFA member and a fully disclosed introducing broker-dealer based in New York City, Chicago, Boston, Los Angeles, and Platteville. Lime offers the industry’s most advanced trading technologies and execution services, providing traders superior access to the most automated, high-volume electronic trading markets. Lime’s systems provide unsurpassed reliability and scale with exceptionally low latency. Developed to handle the demands of the automated and electronic trading community, Lime’s technology caters to a diverse and sophisticated client base. The result is a robust, highly reliable, agency-only system that includes market data and trading platforms. It allows clients to trade efficiently and anonymously across all major lit and dark market venues.
For more information about Lime Brokerage, visit http://www.limebrokerage.com/
About Lightspeed, a division of Lime Brokerage:
A division of Lime Brokerage, Lightspeed offers securities and multiple routing venues and strategy destinations, trading and advanced order routing services to their clients utilizing Lightspeed’s software.
For more information about Lightspeed, visit https://www.lightspeed.com/