October 20, 2010 – Lightspeed Financial, which has been growing through acquisitions, said it will use a cloud computing service to managed its middle office functions, including financial reporting.

The broker-dealer and developer of risk management, algorithmic trading and other technologies said it will use a Software-as-a-Service platform from Firm58 to help it manage financial reporting, revenue and cost analysis, soft dollar management, and bill generation and publication.

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