Exclusive FNG… Canadian-based broker Velocity Trade has continued its global run, receiving approval late last week for a Capital Market Services license in Singapore from local regulator MAS, FNG has learned.
Velocity Trade is strengthening its overall capabilities in the wider APAC region, recently hiring iSAM’s Head of Asia Securities (formerly iS Prime) Will Robbins as a Director to help build the group’s multi-asset offering in its region Asia, as well as the expansion of the recently launched Singapore-based business. The company also recently added former Swissquote Singapore executive Li Min Lee as Director in Singapore.
Headquartered in Toronto, Velocity Trade employs more than 200 professionals who provide execution and custody services to corporate and institutional clients in a variety of global over-the-counter (OTC) and listed markets. Velocity Trade offers services in a wide range of markets, including: (i) foreign exchange hedging, trading, settlement and prime of prime; (ii) global equities, fixed income, equity, structured products; and (iii) corporate finance and consulting. 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.