Lightspeed Trading, in conjunction with its parent company Professional Trading Solutions, has announced a deal to combine with Wedbush owned Lime Brokerage.

Lime Brokerage, founded in 2000, is focused primarily on institutional trading services. “Lime Brokerage (“Lime”) is a financial technology firm focused on providing customized solutions that offer exceptional reliability and scalability with leading low-latency access across multiple U.S. markets.”

For current retail customers of Lightspeed Trading, it’s business as usual. It appears most of the synergies with the deal will focus on the insitutional side of things. Lightspeed’s management will remain in place.

Farid Naib, Lightspeed’s CEO commented on the deal:

Lightspeed and Lime are both respected brands and leaders in the active trader industry. The combination of these two firms provides a world-class set of services to active, high volume, and algorithmic traders, among others. Lightspeed and Lime share the same culture of, and have invested heavily in, providing clients with superior service, and best-of-breed systems.

Read the full press release