Wedbush, a full-service investment firm, has purchased Lime Brokerage, a provider of trading technologies and high-volume agency brokerage services, for an undisclosed sum. As part of the transaction, Wedbush’s Jeff Bell will assume the role of CEO for Lime in addition to his existing job as head of Wedbush Securities’ clearing and technology group. The Los Angeles-based company intends to retain Lime’s management, technology and operations staff. Lime will operate as a wholly-owned subsidiary of Wedbush and the parent company of Wedbush Securities.
Click here for the release from Wedbush.