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

Recorded Webinar: Agility as Alpha: How Trading Infrastructure Determines Who Wins in Volatile Markets

Tariff shocks, geopolitical realignment and macroeconomic regime shifts are redrawing the investment landscape faster than most firms’ technology stacks can keep up. For hedge funds and asset managers, the ability to move quickly into new asset classes, geographies or strategies is no longer just an operational concern – it is a front-office differentiator and, increasingly,...

BLOG

The Low-Latency Race Shifts from Speed to Scale and Control

For years, the evolution of low-latency trading infrastructure has largely been measured in one direction: faster. Microseconds became nanoseconds as trading firms invested in colocation, network optimisation, specialist hardware and FPGA acceleration to gain an edge in markets where position in the queue can determine whether an order is filled. That race hasn’t gone away....

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

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...