Lighthouse Financial Group, a New York-based prime brokerage and trading firm, has ceased trading activities as of Tuesday and is up for sale.

The decision to cease trading appeared in a tersely written single sentence on the firm’s website. Founded in 1999, Lighthouse Financial launched its prime brokerage unit in March 2009. The firm also provides trade execution services for high-frequency traders.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.