Wedbush becomes largest shareholder in Velocity Trade
“By leveraging Wedbush’s market expertise and competencies alongside our unique foreign exchange, derivatives, and multi-asset distribution platform, we will continue to build on our history of growth and profitability, while maintaining focus on delivering exceptional value to our clients.”
Wedbush Financial Services, the parent company of Wedbush Securities Inc., has received regulatory approval for its strategic investment in and partnership with Velocity Trade.
This milestone solidifies WFS as the largest shareholder in Velocity Trade, aligning with its vision to become a premier global financial services provider for a wide range of assets.
The collaboration focuses on multi-asset global execution, expanding the spectrum of financial services available to Wedbush clients.
Prime services, FX, wealth management, and investment banking
The partnership with Velocity Trade represents a strategic move for Wedbush, aiming to harness the global capabilities and regulatory framework of Velocity Trade to provide clients with comprehensive access to international markets.
This includes prime services, foreign exchange, wealth management, and investment banking, among others. WFS’s significant investment reinforces its commitment to enhancing the scope of financial services offered to its clients.
Velocity Trade’s extensive global footprint and expertise in foreign exchange, derivatives, and multi-asset distribution positions Wedbush Financial Services to unlock new opportunities for its clients. By leveraging the strengths and competencies of both entities, the partnership is poised to facilitate international market access while delivering world-class financial products and services.
Gary Wedbush, CEO of WFS, commented: “Upon meeting the Velocity Trade team, we quickly identified that their exceptional talent, technologies, and global platform would benefit Wedbush clients. We are thrilled to invest in both the company and the partnership to drive our collective success.”
Simon Grayson, CEO of Velocity Trade, added: “By leveraging Wedbush’s market expertise and competencies alongside our unique foreign exchange, derivatives, and multi-asset distribution platform, we will continue to build on our history of growth and profitability, while maintaining focus on delivering exceptional value to our clients.”
Velocity Trade offers execution and custody services in OTC and exchange-listed markets
WFS subsidiary Wedbush Securities has over 100 registered offices and nearly 900 staff. The firm offers a wide range of securities brokerage and processing, wealth management, and investment banking services. Wedbush is known for its bespoke client service and advanced technology utilization.
Velocity Trade has over 170 professionals and provides execution and custody services in various global over-the-counter (OTC) and exchange-listed markets.
Its services encompass foreign exchange, global equity, fixed income, funds, structured products, and corporate finance and advisory. Velocity Trade has a presence in multiple international cities, including Toronto, London, Amsterdam, Sydney, and Johannesburg, to name a few.
The partnership between Wedbush Financial Services and Velocity Trade signifies a strategic move to broaden the range of financial services available to clients.