Wedbush becomes largest outside shareholder of Velocity Trade
“The combination of Wedbush’s expertise and competencies, combined with Velocity’s unique foreign exchange, derivatives and global multi-asset distribution platform will provide more opportunities and products to deliver on Velocity’s client first model.”
Wedbush Financial Services has become the largest outside shareholder of Velocity Trade after a significant investment in the global brokerage firm offering access to global OTC and exchange listed markets.
Velocity Trade also offers customized Wealth Management solutions via its WealthTech product suite.
Wedbush to enhance Velocity’s FX, derivatives, and multi-asset platform
Gary Wedbush, CEO of Wedbush Financial Services, commented: “Our new partnership with Velocity is a major step forward in the Global vision for our firm. The unrelenting mission to provide our clients with world-class, global multi-asset services will only accelerate with the addition of Velocity’s outstanding international capabilities.”
Simon Grayson, CEO of the Velocity Trade Group, said: “We welcome Wedbush’s strategic investment and look forward to working with their team. The combination of Wedbush’s expertise and competencies, combined with Velocity’s unique foreign exchange, derivatives and global multi-asset distribution platform will provide more opportunities and products to deliver on Velocity’s client first model. These synergies allow us to further build on our history of growth and profitability that culminated in a record 2021 for the Velocity group.”
Wedbush has a global footprint with connectivity to over 20 International Liquidity Centers and an extension into FX Prime Clearing services. The investment is part of Wedbush’s plans to become one of the world’s leading non-bank global multi-asset financial service providers.
Velocity Trade is a well established brokerage employing over 170 professionals that provide corporate and institutional clients competitive execution and custody services in a multitude of global over-the-counter (OTC) and exchange listed markets.
The broker operates a global network of wholly owned regulated and registered subsidiary companies with offices in Toronto, Montreal, Calgary, London, Amsterdam, Hamburg, Johannesburg, Cape Town, Bridgetown, Sydney and Auckland. The firm operates three divisions in order to offer access to:
- foreign exchange hedging, trading, settlement and prime of prime;
- global equity, fixed income, funds, structured products;
- corporate finance and advisory.