Wedbush Financial Services making significant investment in Velocity Trade
Wedbush Financial Services today announced that it is making a significant investment in Velocity Trade, making it the largest outside shareholder (subject to regulatory approval).
Velocity Trade is a global brokerage firm offering access to global OTC and exchange listed markets, as well as customized Wealth Management solutions via its WealthTech product suite. This investment expands Wedbush’s global presence in new asset classes and commodities trading, enhancing its robust suite of client offerings, to become one of the world’s leading non-bank global multi-asset financial services providers.
Wedbush Securities has recently expanded its international capabilities through various relationships and agreements. With Velocity’s offices in Canada, United Kingdom, Australia, New Zealand, the Netherlands, Germany, South Africa, and Barbados, along with the company’s global regulatory framework and reach, Wedbush’s capabilities expand worldwide, providing clients comprehensive access to international markets, and world class products and services, including prime services, foreign exchange, wealth management and investment banking.
Gary Wedbush, CEO of Wedbush Financial Services, comments:
“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, adds:
“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.”