Lightyear UK Ltd List of Execution Venues and Brokers

This page lists the execution venues that Lightyear U.K. Ltd. has direct or indirect access, and the brokers Lightyear U.K. uses to execute or transmit Customer Orders. It should be read together with our Order Execution Policy.

For UK-listed instruments, including those admitted to trading on the London Stock Exchange (LSE), Lightyear U.K. Ltd. uses Infront, which is a Retail Service Provider (RSP) hub, to connect to multiple execution venues.

The RSP network is an electronic system through which multiple market makers and liquidity providers ("RSPs") simultaneously quote firm prices in response to a request for quote. Infront aggregates these quotes and routes Lightyear U.K. Ltd.'s Orders to the RSP offering the best available price at the time of execution.

The RSP network connects Lightyear U.K. Ltd. to UK-listed instruments, including those admitted to trading on the London Stock Exchange (LSE), with settlement through Euroclear UK & International (CREST), of which Lightyear U.K. is a direct member. As these trades are executed directly with a market maker, they are conducted bilaterally and off-exchange (OTC).

The market makers (acting as execution venues) currently used by Lightyear U.K. Ltd. are:

For instruments where Lightyear U.K. Ltd. is not a direct member of the relevant trading venue, Orders are transmitted to the following Broker:

• Lightyear Europe AS, sister company of Lightyear U.K., registered in Estonia (company number 16235024) and authorised and regulated as an investment firm by the Estonian Financial Supervision Authority (Finantsinspektsioon) under activity licence number 4.1-1/31, and permitted to provide certain crypto-asset services under activity licence number 4.1-1/147.

Lightyear Europe AS may, in turn, use the following third-party brokers for certain Instruments:

• Alpaca Securities LLC, a broker-dealer registered with the US Securities and Exchange Commission and a member of FINRA (used for US Instruments).
• Interactive Brokers Ireland Limited, registered in Ireland and regulated by the Central Bank of Ireland (used for certain non-EEA and CEE/Nordic Instruments).

• Euronext Paris
• Euronext Amsterdam
• Euronext Brussels
• Frankfurt Stock Exchange (Deutsche Börse / Xetra)
• Tradegate Exchange
• Cboe Europe (MTF)
• Equiduct (MTF)
• Nasdaq Baltic (comprising Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius)

We review this page at least annually and update it whenever there is a material change to our execution arrangements.