Wedbush Securities Announces Clearing Relationship with

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Wedbush Securities Announces Clearing Relationship with Lightspeed Trading

LOS ANGELES, Jan. 26, 2015 (GLOBE NEWSWIRE) -- Wedbush Securities , one of the nation's leading financial services providers, is pleased to announce that it will now be providing correspondent clearing services for Lightspeed Trading , a subsidiary of Professional Trading Solutions, Inc .

Wedbush Securities provides specialized execution, clearing, and custody solutions to full service and independent broker dealers, underwriting firms, market makers, and proprietary trading broker dealers. As a leading provider of clearing services for more than 35 years, the firm's strong financial position and broad capabilities make it a secure, trustworthy partner for its diverse client base. Wedbush is a highly regarded clearing firm that has grown significantly due to its strong operational controls, disciplined financial management, advanced technology, and risk management solutions.

"We look forward to working with Wedbush and are enthusiastic about what this new clearing relationship will offer our sophisticated, active traders," said Andrew Brenner, President of Lightspeed Trading. "Our clients will not see any fee increases as a result of this partnership, and will continue to have access to the same robust trading platforms."

Wedbush Securities and Professional Trading Solutions, formerly Lightspeed Trading Inc., first established a relationship in 2009 when Wedbush started offering its proprietary trading clients access to Lightspeed Trading, Lightspeed Trader, and Lightspeed Risk. Working with Lightspeed has given Wedbush the ability to offer its clients a more robust, holistic trading experience, while meeting client needs and maintaining a competitive edge in the marketplace.

"We are pleased to expand our relationship with Lightspeed Trading and look forward to this enhanced partnership in clearing," said Rob Paset, Senior Vice President, Wedbush Securities, Correspondent Services. "Our stability, consistency, broad capabilities and client-focus provide value that is unparalleled, and we remain committed to providing the best clearing services designed to fit each client's specific needs."

About Lightspeed Trading, LLC

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.

About Wedbush Securities

Founded in 1955, Wedbush Securities is a leading financial services firm that provides brokerage, clearing, investment banking, equity research, public finance, fixed income sales and trading, and asset management to individual, institutional and issuing clients. Headquartered in Los Angeles, with over 100 registered offices, the firm focuses on relentless service, client financial safety, continuity, and advanced technology. Wedbush Securities is the largest subsidiary of holding company WEDBUSH, Inc., which also includes affiliated firms Wedbush Asset Management , Wedbush Capital Partners , Wedbush Opportunity Partners , and Lime Brokerage LLC . Follow us on Twitter @Wedbush .
 

Wedbush Securities Brittany Price 213.688.8057

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Lear Capital Hits $5 Billion Milestone: Trust or Hype?

Updated Category News Views 0

A Golden Milestone or Just Glitter? Lear Capital's announcement of surpassing $5 billion in precious metals transactions feels like one of those moments where you tilt your head and ask, "Is it really what it seems?" With nearly 150,000 customers and almost three decades of hustling in the glittering world of gold and silver, they've certainly carved out a name in the...

Continue Reading
Infosys Transforms Syngenta's Tech Core to Boost Agility

Updated Category News Views 33

Unpacking the Syngenta-Infosys Transformation Forget your run-of-the-mill tech upgrade; Infosys has just spearheaded a massive transformation for Syngenta, delivering a new global SAP S/4HANA setup that’s set to turbocharge their Crop Protection business. We’re talking about more than just another software upgrade here—this is a sweeping overhaul affecting 10,000...

Continue Reading
Switchgear Monitoring Market Surges to $3.80 Billion

Updated Category News Views 71

Switchgear Monitoring: A Crucial Component in Modern Power Grids When the chips are down, it's the grid that keeps the lights on. Now, looks like switchgear monitoring systems are riding high on this global necessity. Fueled by infrastructure upgrades, the market's slated to leap from $2.36 billion in 2026 to a whopping $3.80 billion by 2031, clocking a solid 10.1% CAGR....

Continue Reading
Investors Shaken by Better Home’s 28.5% Plunge

Updated Category News Views 15

Pull up a chair, because Better Home & Finance Holding Company (NASDAQ: BETR) just threw its investors into a frenzy. Mayhem hit when their stock nosedived 28.5% on a single day—May 7, 2026. Let’s untangle what happened and why every shareholder should circle November 20 on their calendar. Unpacking the Fall: A Dive Into Hard Truths So, between mid-March and early May...

Continue Reading
Grünenthal Pushes Pain Boundaries with RISE Trial Win

Updated Category News Views 10

Grünenthal, coming straight outta Germany, is lighting up the stage at the 2026 IASP World Congress on Pain in Bangkok with some heavy-duty results from their Phase III RISE trial. We’re talking serious news for folks grappling with post-surgical neuropathic pain. Breaking Down the RISE Results Let’s cut to the chase: Qutenza®, the protagonist here, smashed through...

Continue Reading
NJ's $21.3M Water Fix Fights PFAS, Boosts AWK

Updated Category News Views 0

Water Woes Culminate in Triumph Alright, folks, you don't often see New Jersey in the headlines for anything groundbreaking in the right way, but here we are. The big news is a hefty $21.3 million project completion that finally puts some ammo against the notorious PFAS chemicals. If you've got any skin in the utility game or just a stake in clean water, this one's been...

Continue Reading
Centerspace Sale Faces Scrutiny Amid Investor Concerns

Updated Category News Views 85

Potential Undervaluation Looms Large over Centerspace Sale On a crisp October day, the saga of Centerspace's proposed sale to Independence Realty Trust (NYSE: IRT) is stirring the pot. Charles C. Foti, Jr., Esq., and the law firm Kahn Swick & Foti, LLC are throwing a wrench into the works, questioning the soundness of the whole shebang. The deal, valued at 3.800 shares of...

Continue Reading
Humberto Quintanar Strengthens McKinley Irvin's Seattle Team

Updated Category News Views 141

Humberto Quintanar Makes His Move In a world where legal battles can shake lives to the core, McKinley Irvin is throwing another heavyweight into the ring. They’ve just pulled in Humberto Quintanar, a guy who knows his way around a courtroom like a cabbie knows a city's backstreets. This isn't just another seat-fillin' lawyer; Quintanar packs years of experience as a...

Continue Reading
IBSSC 2026: A New Chapter in Business Education

Updated Category News Views 70

Shifts in Business Education at the IBSSC 2026 Boy, oh boy, Shanghai was buzzing the other week. We’re diving into the heart of the 11th International Business School Shanghai Conference (IBSSC). There's a changing of the guard in how business education is viewed, and it was all happening from October 21 to 23 at the Xuhui campus of Shanghai Jiao Tong University. Global...

Continue Reading
Navigating Market Uncertainty with Financial Planning

Updated Category News Views 14

Staying Calm Amid Market Chaos The market's like a roller coaster more often than not, and when headlines scream panic, even the most seasoned of us can begin to doubt our strategies. Jennifer Prosise from The Voyager Group, Ltd., in Joliet, IL, calls out this high-stakes game in HelloNation, emphasizing how financial planning serves as our anchor in the stormy seas of...

Continue Reading

Top 5 Most Recently Viewed Articles

Microbot Medical Secures Grant to Boost Manufacturing Strength

Updated Category News Views 146

Microbot Medical's Strategic Grant Acquisition Microbot Medical Inc., a pioneering medical technology firm, has made headlines with its recent achievement of securing a non-dilutive grant from the Israel Innovation Authority. This funding, amounting to roughly NIS 2.15 million (around $630,000), is poised to significantly enhance the operational capabilities of the...

Continue Reading
Stellantis Issues Recall for 33,777 Ram 1500 Vehicles Due to Safety Concerns

Updated Category News Views 231

Stellantis Recalls Ram 1500 Vehicles for Safety Issues Chrysler parent Stellantis NV is taking proactive measures to ensure consumer safety by recalling 33,777 Ram 1500 vehicles in the United States, according to the National Highway Traffic Safety Administration (NHTSA). Details of the Recalls This recall specifically targets model year 2025 Ram 1500 vehicles where there...

Continue Reading
Navigating Market Volatility: Nasdaq and S&P 500 Face Tests

Updated Category News Views 152

Understanding Current Market Dynamics US stock futures have taken a step back as traders embrace a more cautious approach, particularly in light of the upcoming jobs data release. The excitement surrounding this information is palpable, with market participants bracing themselves for potential surprises that could ignite volatility in the financial markets. As of now,...

Continue Reading
Sage Therapeutics Investors Urged to Join Securities Class Action

Updated Category News Views 204

Invitation to Join Securities Class Action Against Sage Therapeutics Investors who have experienced significant losses in their investments with Sage Therapeutics, Inc. (NASDAQ: SAGE) have a unique opportunity to take action. The Law Offices of Howard G. Smith is currently seeking investors to lead a class action lawsuit concerning potential securities fraud involving the...

Continue Reading
Andes Technology Unveils Powerful AndesCore™ AX66 Processor

Updated Category News Views 165

Introducing the AndesCore™ AX66 Processor In the fast-paced world of technology, continuous innovation is key. One company leading this charge is Andes Technology, known for its efficiency and cutting-edge RISC-V processor cores. Their latest announcement heralds the arrival of the AndesCore™ AX66, designed to support the RVA23 profile and bring significant...

Continue Reading