Canada based FX, Commodities and Equities broker Velocity Trade has announced the expansion of its Capital Services Markets (CMS) license with the Monetary Authority of Singapore (MAS) to include Securities and Product Financing into its suite of regulated products being offered in the region.
The company said that this milestone perfectly places Velocity Trade as a key trading participant in the region, and complements the existing Custody and Foreign Exchange businesses that are already experiencing rapid growth.
With this development, Velocity Trade Singapore will now be able to provide the following products under its CMS License:
- OTC, Deliverable & Margin FX
- Investment Solutions (Structured Products & AMCs)
- Physical precious metals and hedging solutions
- Securities
- Funds
- Exchange-Traded Derivatives
- Product Financing for US Equities
- Fixed Income
- Custody
Velocity Trade initially received a more limited license in Singapore at the end of 2023.
