By leveraging Faire’s tools that help optimize inventory and accelerate omnichannel performance, Faire customers are meeting increased consumer enthusiasm for local, curated retail. Not only have Faire retailers seen significant support as consumers commit more of their spending power to local economies, but they have successfully pivoted their operating strategies to compete within a new normal. The round includes existing notable blue-chip investors Y Combinator, Lightspeed Venture Partners, Forerunner Ventures, Khosla Ventures, Founders Fund, as well as participation from new world-class investors D1 Capital Partners, DST Global, Dragoneer and Norwest Venture Partners.Ĭurrently, independent retailers are generating almost $1 trillion in annual sales across in-store and online channels, and they continue to win back more of the market as the essential role of local business is emphasized amid Covid-19.
Lightspeed access series#
This investment raises Faire’s valuation to $2.5 billion, more than double the valuation from a Series D round less than one year prior. Finally, unlike Interactive Brokers not charging a platform access fee, Lightspeed charges for its Lightspeed Trader desktop platform if there is insufficient trading activity.Faire, the online wholesale marketplace connecting more than 100,000 local retailers and 10,000 brands, today announced the close of $170 million in funding in a Series E investment round led by Sequoia Capital. Lightspeed charges $20 for voluntary reorganizations (corporate actions) which Interactive Brokers does not charge for. Lightspeed, however, does not charge for sending a check, where Interactive Brokers charges $1 for paper checks. Lightspeed charges $50 for an international wire transfer.
Lightspeed access free#
Domestic wire transfers are $20 at Lightspeed, while Interactive Brokers provides one free transfer per calendar month and $10 after that for domestic and international transfers.
Fees for other services are mostly less expensive at Interactive Brokers. Futures are also less expensive at Interactive Brokers, which tiers their charges based on volume traded from $0.25 to $0.85 per contract, and Lightspeed charges $1.29 per contract. Lightspeed’s margin rates are 8% for balances up to $50,000 and 7% to $100,000. Margin rates are considerably lower at Interactive Brokers, which charges just 1.59% for accounts with balances from $10,000 to $100,000, and 1.09% after that. The mobile app is largely intuitive, making it easy to follow orders, levels, and positions. The website is pretty standard fare for web-based platforms, but is fully functional and sufficient for less active traders. This desktop platform offers investors the ability to enter all multiple contingent orders, manage all their positions, and also has strong offerings for charting, news, fundamentals, and technical analysis. Trader Workstation is the broker’s most robust and customizable platform, and is built to meet the demands of professional, institutional, and very active high volume traders. Interactive Brokers’ impressive, all-in-one platform offers trading in equities, ETFs, options, mutual funds, fixed income, futures, foreign exchange, cryptocurrency, and access to multiple international markets for traders all over the world.
Interactive Brokers has a website, their Trader Workstation desktop platform, and a mobile app. Both Interactive Brokers and Lightspeed offer multiple platforms.
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