Smarter FaSter SaFer SOLUTIONS NEW YORK CITY BOSTON CHICAGO LOS ANGELES WWW.LIMEBROKERAGE.COM
MW MAHWAH SC SECAUCUSUS WH WEEHAWKEN JERSEY CITY LIME DATA CENTERER JC LIME HQ NEW YORK CITY CT CARTERET LIME Brokerage Headquarters 625 Broadway 12th Floor New York, NY 10012 LIME Data Center 3 Second Street Jersey City, NJ BiDs Dark pool (ny4) CBX Dark pool instinet/nomura klink Dark Pool kmatch Dark pool level Dark Pool
SMArtEr, FAStEr, SAFEr... SoLutionS LIME BROKERAGE ( lime ) is a financial technology firm focused on providing customized solutions that offer exceptional reliability and scalability with leading lowlatency access across multiple U.S. markets. we offer advanced trading technologies and execution services, providing systematic traders superior access to the most automated, high-volume electronic trading markets. our mission is to supply our clients with an intelligent trading platform that promotes high-performance through speed and agility, with risk mitigation as a central consideration. Developed to handle the demands of the automated and electronic trading community, lime s technology caters to a diverse and sophisticated client base. the result is a robust, highly reliable, agency-only system that includes market data and trading platforms. this allows our clients to trade efficiently and anonymously across all major lit and dark market venues. at lime, our focus is to provide our clients with solutions through a highly reliable and scalable trading platform, ensuring a smarter and more efficient intelligence network. with advanced trading technologies and superior execution, lime s platform and infrastructure comprise one of the fastest networks for delivering equity and options orders to all of the U.S. lit markets and meaningful dark pools. our platform s focus and key initiatives are emphasized in its capabilities, defined by ultra-fast connectivity and data delivery. Furthermore, lime s trading servers have been designed to satisfy the requirements for market access rules and risk-monitoring, providing a safer trading platform and network for our clientele. Founded in 2000, with offices in New York city, boston, chicago, and los angeles, lime s focus is to provide smarter, faster, and safer solutions to real-time performance challenges, while maintaining the reliability that has earned the industry s trust. lime was acquired in 2011 by wedbush, inc., one of the nation s leading full-service financial institutions. with a paramount focus on commitment to client financial safety and success, wedbush is an organization built upon the principles of trust, stability, and innovation. NYSE 1600 MacArthur Blvd Mahwah, NJ NY4 Equinix 755 Secaucus Rd Secaucus, NJ NJ2 Century Link 300 Blvd East Weehawken, NJ NASDAQ Verizon 1400 Federal Blvd Carteret, NJ ArcA Equity (ArcA, Arct) ArcA options (Arco) cta (SiAc) data feed origination instinet/nomura nyse AMEx Equity (AMou) nyse AMEx options (AMxo) nyx Equity (nyou, nyse, nyst) BAtS Equity BiDS Dark Pool Box options BtSo options BYx Equity c2 options cboe options cbsx Equity cicx Dark Pool citadel Dark Pool DBSx Dark Pool EDgAA Equity EDgxx Equity ise options itg PoSit Dark Pool LAvA Equity LEvEL Dark Pool MiAx options nsx Equity crsf Dark Pool itg PoSit Dark Pool Lx Dark Pool MiLM Dark Pool PDQ - Dark Pool BSx Equities instinet/nomura nasdaq inet Equities nasdaq nsdq options PHLx options PSx Equities SigMA-x Dark Pool uqdf utdf
SErvicES Lime s clients benefit from an unique experience through access to a full array of products and services, which provides a comprehensive end-to-end solution. business Development client Services technical Solutions execution Services Engineering Network operations BuSinESS DEvELoPMEnt Our Business Development Team is keenly focused on developing and strengthening new and existing client relationships. This includes: Focusing on strategy, sales, partnership, and relationship management Driving creative solutions to support client needs within the lime ecosystem client SErvicES The Lime Client Services Team is responsible for seamless client on-boarding and day-to-day client account management. This includes: working with business Development to bring aboard new clients coordinating with Execution Services and Technical Solutions to on-board clients providing superb customer service to all clients technical SoLutionS Our Technical Solutions Team is responsible for providing client technical support, including: troubleshooting all client technical inquiries working with Client Services to on-board clients from a technical perspective Facilitating client requests as lead liaison between the client and Engineering 3 New York city BoSton chicago LoS AngELES
Smarter Execution Services Through our Execution Services Team, our clients enjoy the lucrative benefits of: Smarter algorithms and efficient routing Access to lit and dark market venues Enhanced exchange economics Certifications with several OMS/EMS vendors Exceptional trade desk support Clearing and Reporting Engineering Our Engineering Team is the lifeblood powering Lime s world class technology. Their responsibilities include: Recruiting top talent from major universities to drive excellence and spur innovation Developing highly reliable, blazingly fast technology upon which clients execute Building software to efficiently support front and back office needs across domains Employing traditional and agile methodologies to hone and accelerate development Network Operations Lime Network Operations provides the infrastructure to support the demanding needs of high frequency trading, including: A Lime owned data center in Jersey City and a point of presence in all major U.S. exchange data centers a latency-optimized network between co-locations using ultra low latency dark fibers and Arista switches Dedicated 10/40G channels for clients Raw market data access www.limebrokerage.com 4
ProDuct PortFoLio MANAGEMENT SYSTEMS Lime s state-of-the-art products allow clients to interface with Lime technology through apis or graphical interfaces, to access accounts, to manage trading, to monitor risk, and to develop advanced strategies. LiME PortAL lime portal provides our clients with a simple window into how their accounts are performing and gives logistical details regarding accounts, ownership, buying power, and more. lime s secure front-end for real-time trading and monitoring provides real-time depth of book quotes, p&l, and order statistics trades multiple asset classes and algos lime watchdog when our clients need to enhance their risk monitoring, lime watchdog provides the protection they need. this web based graphical user interface allows clients to consume detailed risk metrics over their entire portfolios and be alerted when something is out of the ordinary. advanced, near real-time portfolio risk metrics (e.g. Var) and analytics monitoring Simulated portfolio shock and scenario analysis customized dashboards and risk views along with user configurable alerts Supports equities, options, Futures, and Fixed income Our products span management systems, quotes, trading, and algorithms hitting multiple venues and asset classes. 5 New York city BoSton chicago LoS AngELES
FaSter LiME StrAtEgY StuDio the decision to buy or build is a constant choice our clients make every day. lime Strategy Studio relieves clients of development tasks that are mundane, yet necessary, so they can focus on the aspect which is most important to their business: the strategy. c++ end-to-end solution to develop, test, and deploy automated trading strategies Designed to handle high volumes of order book data with low-latency Data and broker agnostic CONCEPTION STRATEGY DEVELOPMENT BACK TESTING STRATEGY SCALING STRATEGY OPTIMIZATION PRODUCTION DEPLOYMENT FORWARD TESTING TRADING SERVERS Lime provides clients access to lit markets and dark pools for U.S. equities and Options, with latency tiered tracking servers to satisfy a client s speed requirement. Trading Server Product Comparison Trading Server US Exchanges Latency Equities Lit Equities Dark Options API Access ts low Normalized library FiX 4.2 ts+ lower Direct market protocols limedirect lowest Direct market protocols req d lime risk library www.limebrokerage.com 6
ProDuct PortFoLio MARKET DATA effective trading requires access to fast, reliable quotes. With Lime, clients have access to data feeds for both live trading and historical testing. Our data offering includes equities, Options, and Futures. LiME DAtA AnD LiME DAtA APi lime s live market data product feeds many of our internal services, as well as, other client facing products. the offering is flexible, fast, efficient, and reliable providing access to multiple venues. it also boasts multiple value add features on top of raw market data to which clients may opt to consume. provides a normalized feed of market data from multiple venues Qualifies as a certified managed non-display provider accessible via tcp-based client-server subscription model and apis in c++ or Java boasts optional features like price-aggregation, top of book, trades only, mmid filtering for consolidated feeds, and subscribing by underlying for options LiME DAtA vault lime Data Vault is a robust historical tick data plant that is perfect for strategy development and testing. its capabilities and strategic advantages are ideal for priming an algorithm that needs back data prior to live trading. provides access to historical tick data via partnership with onemarketdata captures equities information from lime Data dating back to June 2012 accessible via lime Strategy Studio or onetick s front-end and query api 7 New York city BoSton chicago LoS AngELES
SaFer ALGORITHMS lime s algorithms allow clients to intelligently route and execute orders for better prices and speed to market. LiME SMArt router a Smart order router is an essential trading technology at any brokerage firm. lime s offering competes with the best products available by providing access to multiple markets, fast execution, customizable settings, and execution reporting. a flavor of smart order router developed in-house Highly customizable using multi-phase strategy Sequential or parallel access to all lit, inverted, and dark markets Selectable aggression settings and order options (e.g. limit max display quantity) lime algorithms: Vwap, twap, pov, and implementation SHortFALL lime s institutional algorithms suite provides performance and flexibility to traders needing to execute large orders. built on lime Strategy Studio technology, these algorithms are readily customized and tuned against lime s extensive historical tick data. leveraging the lime Smart router and lime Data, they benefit from lime s unparalleled market access and ultra low-latency order and direct feed handling technologies. LIME PHOTONICS the search for a true kill switch finds resolution at lime. our patent-pending product is a fully passive, optical path hardware based kill switch triggered by violation of rules programmed in our trading Server. enables brokers to control client access with near zero additional latency Deployable with pre-trade or post-trade risk systems provides configurable account disable thresholds captures traffic to support audit trail requirements www.limebrokerage.com 8
LiME ArcHitEcturE CLIENTS LIME MARKETS FIX Gateway Trading Cluster* EMS/ OMS Server Stack FIX DMA Client FIX/aPI Trading Lime Strategy Studio Cluster Quotes Lime Vault Lime Trading Cluster Lime Smart Router Cluster Proprietary Trading Lime Lime Data Photonics market Protocols Venues Trader/ UI Stack Proprietary Risk Manager Web/HttPS Lime Strategy Studio UI Lime Portal Lime Watchdog Web/HttPS Execution Services Desk * member of trading stack but does not speak to venues Data Path Optional Data Path external entities Lime entities Jersey City Data Center all Data Centers: JC, SC, mw, Ct, WH The Lime Architecture depicted in the illustration above captures the following points: lime maintains a data center in Jersey city and a point of presence in all major U.S. exchange data centers clients may co-locate with lime at any of these data centers for near immediate access to markets clients may access all markets through DMA or Lime Smart Router clients may optionally connect to Lime Smart Router or DMA markets using Lime s Gateway Server clients may use lime s secure Lime Portal for trading, order/execution blotters, and risk monitoring clients may leverage Lime Strategy Studio to accelerate strategy r&d and for live trading Lime Watchdog provides advanced risk metrics, monitoring, and alerting across a portfolio the Lime Photonics fully passive optical path hardware kill switch enforces risk control at light speed Lime s Execution Services Desk performs brokerage and client requested tasks via Lime Portal 9 New York city BoSton chicago LoS AngELES
SOLUtIONS
ABOUT WEDBUSH SECURITIES (212) 824-5000 sales@limebrokerage.com www.limebrokerage.com Member nyse, nasdaq, Bats, Finra, nfa, sipc 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 offices, the firm focuses on dedicated 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.