LPSFX LLC

LPSFX LLC is a United States swap execution facility (SEF) associated with LPS Partners, an idea-driven financial firm headquartered in New York City. LPS Partners was founded in January 2013 by John Lugano and Thomas Ryan, both of whom saw a need for a boutique interdealer broker and a growing need for brokerage in the futures and over-the-counter markets. The firm operates through affiliates including LPS Capital, a full-service boutique broker-dealer and member of FINRA, SIPC and NFA, and LPS Futures, a member of NFA. LPSFX LLC itself is registered as a swap execution facility in the United States, extending the group's brokerage and execution capabilities into the swaps market. The LPS Partners group serves a client base that includes banks, broker-dealers, trading firms, hedge funds, family offices, insurance companies, refineries and airlines. Its professionals focus on providing in-depth knowledge of the companies and industries they cover, facilitating timely and efficient execution of ideas and insights across an issuer's financial capital structure. This includes bank loans, debt securities, post-reorganization equities, special situation claims, and listed and unlisted equities. LPS Capital, the group's broker-dealer arm, offers research, sales and execution services in investment grade bonds, convertible bonds, high yield bonds, preferred stock, equities, post-bankruptcy reorganized equities, mortgages, bank loans, and distressed and special situation securities. It is headquartered in New York City with offices in Garden City, Long Island and Palm Beach Gardens, Florida. LPSFX LLC represents the group's presence in the swap execution space, complementing the cash and futures brokerage activities of its affiliates. As a SEF, it provides a regulated venue for the execution of swaps, aligning with the group's broader mission of delivering comprehensive market knowledge and efficient execution to institutional clients. The firm remains privately held and is not listed on any public exchange. Its leadership includes founding partners John Lugano, who serves as Director of Fixed Income Trading at LPS Capital, and Thomas Ryan, who runs LPS Futures. Both bring decades of trading and brokerage experience to the organization.

LPS Partners, the parent group of LPSFX LLC, was founded in January 2013 in New York City as an idea-driven firm focused on long-term value creation and solid relationship building. The founding partners, John Lugano and Thomas Ryan, each brought decades of trading experience to the venture. Lugano had over 24 years of experience trading high yield and distressed debt products, having served as Head of Distressed Trading at BGC Partners and previously headed distressed trading areas at Chapdelaine Corp Securities and Tullett Prebon. Ryan had over 29 years of experience in the commodities industry, beginning his career as a clerk on the Comex Exchange in 1995, later becoming a member of both the Comex and Nymex exchanges and trading precious metals and natural gas. Seeing a need for a boutique interdealer broker and growing demand for brokerage in the futures and over-the-counter markets, they co-founded LPS Partners in 2013. The firm grew through affiliates. LPS Capital was established as a full-service boutique broker-dealer, headquartered in New York City with offices in Garden City, Long Island and Palm Beach Gardens, Florida. It became a member of FINRA, SIPC and NFA, offering research, sales and execution services across a wide range of fixed income and equity products, including investment grade bonds, convertible bonds, high yield bonds, preferred stock, equities, post-bankruptcy reorganized equities, mortgages, bank loans, and distressed and special situation securities. LPS Futures, a member of NFA, extended the group's reach into futures brokerage. LPSFX LLC was later established as a swap execution facility in the United States, further broadening the group's regulated execution capabilities into the swaps market. The group's client base includes banks, broker-dealers, trading firms, hedge funds, family offices, insurance companies, refineries and airlines. Its professionals emphasize in-depth knowledge of the companies and industries they cover, enabling timely and efficient execution of ideas and insights across an issuer's financial capital structure, including bank loans, debt securities, post-reorganization equities, special situation claims, and listed and unlisted equities. The firm remains privately held and continues to operate from its New York headquarters.

• 2013

  LPS Partners founded in January 2013 in New York City by John Lugano and Thomas Ryan.

• LPS Capital established as a full-service boutique broker-dealer and member of FINRA, SIPC and NFA.

• LPS Futures established as an NFA member, extending the group into futures brokerage.

• LPSFX LLC registered as a swap execution facility in the United States.

Boutique, idea-driven financial firm focused on long-term value creation and relationship building, serving institutional clients with specialized execution across capital structures.

• Swap execution facility services

  Regulated venue for the execution of swaps in the United States.

• Broker-dealer services (LPS Capital)

  Research, sales and execution in investment grade bonds, convertible bonds, high yield bonds, preferred stock, equities, post-bankruptcy reorganized equities, mortgages, bank loans, and distressed and special situation securities.

• Futures brokerage (LPS Futures)

  Brokerage services in futures and over-the-counter markets.

1. 1LPS Partnerslpspllc.com
2. 2LPS Partners - About Uslpspllc.com
3. 3LPS Partners - Careerslpspllc.com
4. 4LPS Partners - Founding Partnerslpspllc.com
5. 5LPSFX LLC - Wikidatawikidata.org