Lime Brokerage, the US-based high-speed connectivity specialist, has confirmed that CEO Jeff Wecker has left the firm “to pursue other interests”.
Alistair Brown, co-founder and chairman of the firm, will reassume the role he held before Wecker's appointment in November 2008.
An agency brokerage and technology provider, Lime supplies low-latency market data feeds and connectivity capabilities largely to trading firms that execute high-frequency trading strategies in the US equities markets.
Sources say Wecker's departure was a matter of “mutual agreement”. Prior to joining Lime, Wecker was CEO of trading technology provider Townsend Analytics and had previously held positions at Lehman Brothers and Goldman Sachs.
“It remains business as usual at Lime Brokerage which is committed to providing its clients with the highest levels of technology and service,” a statement said.
In September, Lime extended its product range with the launch of high-speed options execution capabilities.