About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Lime Brokerage Rolls LimeDirect Pre-Trade Risk; Minimises Latency, Shuns FPGA Technology

Subscribe to our newsletter

Lime Brokerage has rolled out its LimeDirect pre-trade risk service – providing compliance for SEC rule 15c3-5 while adding minimal latency. But unlike competitive services, the offering – which Lime officials say is based on an “innovative blend of hardware and software” – does not leverage FPGA technology, because Lime technologists believe it is too inflexible in terms of rapid code development and ongoing maintenance.

David Polen, managing director for systematic trading and product management at Lime, declines to provide details about the technology that is being used, but says that the performance is such that LimeDirect adds less than 250 nanoseconds of latency in each direction for a transaction. In this respect, he “firmly believes” LimeDirect to be the lowest latency pre-trade risk offering available.

Observers have speculated that network packet processors, as used by the likes of Artha Financial Technology, Fundamental Interactions and Mantara might be being leveraged by Lime, since they provide FPGA-like performance, but with better programmability.

As well as providing common 15c3-5 checks, such as fat finger, quantity, notional boundary and limit-too-far, LimeDirect also offers support for Reg NMS and Reg SHO, and can track aggregate exposures across multiple markets to maximise use of margin funds. It also generates end-of-day Oats reports.

LimeDirect can be deployed as a standalone service or in conjunction with other Lime offerings, including its LimeInside sponsored access service and its Citrius market data feeds. Customers might typically deploy LimeDirect with their own connectivity for markets where the lowest latency is required, and use LimeInside for other markets, where latency is less of a driver.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Post-Trade Transformation: Automating Clearing & Settlement

Date: 1 December 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The UK, EU and Swiss markets move to T+1 settlement on 11 October 2027, but the first binding compression arrives almost a year earlier. ESMA’s amended settlement discipline RTS expects allocation and confirmation completed by 23:00 CET on trade...

BLOG

Build, Buy, or Both? Why the Real Question for Quant Infrastructure Has Shifted to Where the Edge Sits

The questions have become perennial: build versus buy, cloud versus on-premise, in-house versus managed platform. But the discussion that emerged from a recent A-Team Group webinar on quantitative research infrastructure pointed to something more interesting than a binary choice. The build-versus-buy question, panellists agreed, has matured into a more sophisticated conversation about where firms locate...

EVENT

AI in Data Management Summit New York City

Now in its second year, the AI in Data Management Summit NYC explores what changes when AI becomes part of the data management operating model.

GUIDE

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...