Dark Assault Route
Lightspeed Trader’s “Dark Assault Route” is a white-labeled Dark Route w
special LST-customer pricing. The DARK Route offers:
Beneficial pricing
Large liquidity pool
The ability to rest orders
(Day and IOC orders accepted)
Select DARK from the Type dropdown in your Order Entry Window or create a
custom Lightspeed Dark Assault Route to your Keyboard or Hot Button.
As always, this route can be accessed by adding a new Custom "Route" in the Custom Orders Tab, with the acronyms LSPD DARK in the Market and Contra fields respectively.
For pricing please refer to our online table at
For pricing please
refer to our online table at
Virtu Algos
Lightspeed Trader Pro offers connectivity to Virtu's Algo Suite:
FAN – Sweeps and posts orders in both displayed and non-displayed venues while re-circulating to the destinations where executions are taking place.
COVERT – Based on FAN's technology, this strategy is for traders who desire to only interact with liquidity in non-displayed markets, particularly when the potential for negative exposure is of paramount importance. It posts and fills orders in dark pools exclusively.
Knight's strategies can be accessed by adding a new Custom "Route" in the Custom Orders Tab. The acronym NITE should be used in the Market field and FANx, FNxH (hidden), CVTx, should be used in the Contra field, where x = A for aggressive, P for Passive, N for Neutral.
CODA/PDQ
Lightspeed Trader Pro has connectivity to CODA/PDQ ATS liquidity seeking strategies.
PMID – Order pings multiple midpoint venues including PDQ's electronic crowd and then posts in the dark. Utilizes Parallel Posting where PDQ splits the order between multiple dark venues and the order cancels/replaces at destination where there is liquidity.
PIOC – IOC order attempts to fill at PDQ's electronic crowd and select dark partners.
PTIE – Order pings PDQ customized routing strategy by accessing lower cost venues with a guaranteed fill for marketable flow. Non-marketable flow posts in dark venues using PDQ's Parallel Posting.
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