![]() LightSpeed solves this problem with a tiered commission system whereby the more trades you make the cheaper your fees. In addition, LightSpeed has two different tiered commission types – per trade and per share. If you choose the per share trading option, you will receive a flat-rate of $.0045 including/excluding a routing fee. If you order a larger number of shares you will receive a trade fee of $4.50. Options are the same but with a $.60 contract fee.Īs the platform is dedicated to the equity trading side of things, there are no EFTs and Mutual fund options for you to trade. Tools and Featuresīecause LightSpeed is so focused on making sure that you have the fastest platform possible, they don’t have a lot of tools when it comes to researching and learning. They do, however, have a ton of customization options and a load of interfaces for you to experiment with. The majority of these are from third-party providers by LightSpeed also has three privately owned platforms, including LightSpeed Trader, LightSpeed Web Trader and LightSpeed Sterling. Their main platform (LightSpeed Trader) is incredibly fast, fluid and provides a decent platform when it comes to hyperactive trading. Market Operations will provide confirmation via email when a decision has been rendered.The platform requires an advanced eye as it is not at all pretty. How will a firm know its membership application has been approved? When a firm is approved as a Member of the Exchange, all persons associated with the firm that are registered in categories recognized by IEX Exchange (see IEX Rule 2.160(n)) must be registered with IEX Exchange in the FINRA Central Registration Depository (CRD) by submitting updated U4s for each individual to CRD. When my firm becomes a Member of IEX Exchange, what impact does this have on my firm’s registered persons? Please email your completed application materials to Market Operations.
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