CBOE Holdings, Inc., the parent company of Chicago Board Options Exchange, recently purchased Livevol X and other options trading technology from Livevol Securities parent company. As part of its acquisition of Livevol Securities, Lightspeed Trading will now make Livevol X available for free for new Lightspeed Trading clients.
Livevol Securities provides its customers with options brokerage services, as well as access to a premier options execution platform, Livevol X.
As a result of CBOEs acquisition of our technology products, we needed a new home for our brokerage clients and staff, said Livevols CEO Catherine Clay. We feel that Lightspeed Trading, a wholly owned subsidiary of Professional Trading Solutions (PTS), can provide our brokerage clients with the same exceptional service that they enjoyed at Livevol.
Farid Naib, PTSs CEO, commented: We have always been impressed by both Livevols technology and their brokerage operations. We welcome Livevols brokerage clients and staff to Lightspeed Trading, and we look forward to developing a successful relationship with CBOE as our new technology provider.