FNG Exclusive… FNG has learned that Canada based broker Velocity Trade has continued on its global march, receiving approval late last week for a Capital Markets Services license in Singapore, from local regulator MAS.
Velocity Trade has been ramping up its general capabilities in the greater APAC region, recently hiring iSAM Securities (formerly iS Prime) Head of Asia Will Robbins as Director, to help build out the multi-asset offering for the group in the Asia region, as well as expanding the recently launched business based in Singapore. The company also recently added former Swissquote Singapore executive Li Min Lee as Director in Singapore.
Based in Toronto, Velocity Trade employs over 200 professionals that provide corporate and institutional clients execution and custody services in a multitude of global over the counter (OTC) and exchange listed markets. Velocity Trade offers services in a broad range of markets, including: (i) foreign exchange hedging, trading, settlement and prime of prime; (ii) global equity, fixed income, funds, structured products; and (iii) corporate finance and advisory. Velocity Trade has offices in Toronto, Montreal, Calgary, London, Amsterdam, Hamburg, Johannesburg, Cape Town, Bridgetown, Sydney, and Auckland. Late last year US based Wedbush Financial made a “significant investment” in Velocity Trade, making it Velocity’s largest outside shareholder.
