New York (HedegCo.net) – Los Angeles -based hedge fund manager Wedbush Inc,. is in the process of acquiring Lime Brokerage, a provider of high-speed, high-volume trading technologies, according to the Securities Technology Monitor.

“Lime has long been viewed as a technology leader by the high-frequency trading community and is a perfect complement to our market-leading, high-volume clearing operations. We are especially excited about the enhanced technology capabilities Lime’s outstanding engineering team will bring to our entire firm,” said Eric Wedbush, President of Wedbush, Inc.

Wedbush has integrated Lime’s trading systems with Wedbush Securities’ Advanced Clearing Services and plans to develop and deliver a variety of new services for trading different in different types of financial instruments. These will be deployed in multiple “geographies,’’ Wedbush said.

Jeff Bell will become Lime’s CEO, while remaining Head of Wedbush Securities’ Clearing and Technology Group. Eric Wedbush and Gary Wedbush, both executives at Wedbush, will join Lime’s Board of Directors.

Lime’s employees will continue to be located at offices in the Technology Center in Waltham, MA, New York City, and data center in Jersey City, NJ. Additionally, Lime will continue to manage co-location sites at major liquidity venues.

Alex Akesson
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