Why Lightspeed?

Starts at $0.0045/share, min $1 + routeing, and reg Fees. Or, if your average order size is more than 1000 shares, you can choose $4.50/Trade for up to 10,000 shares on Listed Stocks.
 
orion504 said:
I can answer question 2 and 3 from my observation:
2. My friend has account on Lightspeed, started day trading from Feb until now, from premarket to 4PM everyday and there is not a single day he got connection or order issue, even at opening time 9:30AM. Pretty solid, I have to say, since I got some laggy from IB during crazy days of March.
3. They requires 2FA, in my friend's case, Google Authenticator. This is just an industry's standard practice, not an advantage to say.

For 1, as I tried to contact Lime, they have presence on NY4, (same DC as Nasdaq?) and if we use Lime, they co-locate our software (for example, automated trading) at the same rack, so the number of hops to exchange could be minimal. The price is not decent tho lol, but you get what you pay for, I guess. Someone claims the order execution speed is around 2-3ms (https://www.elitetrader.com/et/threads/whats-best-for-serous-ats-lightspeed-vs-rithmic-vs-das.264720) but it may be not 100% accurate. Even so, its so-called ULL is nothing compared to some HFT for sure. Lightspeed, as it's exchanged over the Internet, the speed is lower, but I believe it's on the same par with IB. As a side note, both softwares are terrible at charting lol.

I personally don't have any affiliation with Lightspeed/Lime, I dont have account with them as well, mainly because I don't have 25K lol.
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thank you but your one observation based on hear-say is worthless. I would prefer to hear from the company on what is ultra-low latency and how is it measured? Must be very special to say that in a public forum and this is the second time thy have made that statement and then balked on the substantiation and verification.
 
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Dazz said:
thank you but your one observation based on hear-say is worthless. I would prefer to hear from the company on what is ultra-low latency and how is it measured? Must be very special to say that in a public forum and this is the second time thy have made that statement and then balked on the substantiation and verification.
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fuc em they rubbed me wrong and i blocked them. not very professional.
 
I have send an email to the newaccounts address for foreign account application, but no reply after more then a month.
 
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