LimeDirect provides pre-trade risk control with an average of less than 250 nanoseconds of added latency.
Lime Brokerage is a wholly owned subsidiary of Wedbush Inc. that specialises in ultra high-throughput technologies and high-volume brokerage services. The new LimeDirect solution is a combination of proprietary hardware and software specifically designed to satisfy SEC Market Access Rule 15c3-5, which states that brokers must have direct and exclusive access of their risk management processes.
Commenting on the new solution, Lime Brokerage chief executive Jeff Bell said: “Our most latency sensitive clients now have the fastest solution available. We developed LimeDirect to end the discussion on latency and to provide a robust risk management solution where clients didn't have to trade speed for compliance."
According to the company, LimeDirect allows clients to use existing market drivers, manage market connectivity and easily add new order types. It has also been designed with customisation in mind, enabling users to select Lime’s market drivers for certain markets, while using their own drivers in areas where they have particular concerns over latency and control.
"LimeDirect offers near frictionless trading by allowing the client to control the market drivers and network,” said the David Polen of the company’s Systematic Trading Division. “It's a flexible solution that can be deployed as a part of an existing platform or as a stand-alone technology service"