LOS ANGELES–(BUSINESS WIRE)–Wedbush Monetary Providers, the mother or father firm of Wedbush Securities Inc, is making a big funding in Velocity Commerce, making it the most important exterior shareholder (topic to regulatory approval). Velocity Commerce is a world brokerage agency providing entry to world OTC and change listed markets, in addition to personalized Wealth Administration options through its WealthTech product suite. This funding expands Wedbush’s world presence in new asset courses and commodities buying and selling, enhancing its strong suite of consumer choices, to develop into one of many world’s main non-bank world multi-asset monetary companies suppliers.
Wedbush Securities has not too long ago expanded its worldwide capabilities by way of numerous relationships and agreements. With Velocity’s places of work in Canada, United Kingdom, Australia, New Zealand, the Netherlands, Germany, South Africa, and Barbados, together with the corporate’s world regulatory framework and attain, Wedbush’s capabilities increase worldwide, offering purchasers complete entry to worldwide markets, and world class services, together with prime companies, overseas change, wealth administration and funding banking.
“Our new partnership with Velocity is a serious step ahead within the World imaginative and prescient for our agency,” states Gary Wedbush, CEO of Wedbush Monetary Providers. “The unrelenting mission to offer our purchasers with world-class, world multi-asset companies will solely speed up with the addition of Velocity’s excellent worldwide capabilities.”
“We welcome Wedbush’s strategic funding and look ahead to working with their staff,” says Simon Grayson, CEO of the Velocity Commerce Group. “The mix of Wedbush’s experience and competencies, mixed with Velocity’s distinctive overseas change, derivatives and world multi-asset distribution platform will present extra alternatives and merchandise to ship on Velocity’s consumer first mannequin. These synergies permit us to additional construct on our historical past of development and profitability that culminated in a report 2021 for the Velocity group.”
About Wedbush Monetary Providers
Wedbush Monetary Providers is a diversified monetary companies holding firm. Its main subsidiary, Wedbush Securities, which was based in 1955, has been a pacesetter within the monetary companies business, offering its purchasers, each personal and institutional purchasers, with a variety of securities brokerage and processing, wealth administration, and funding banking companies. Headquartered in Los Angeles, California with over 100 registered places of work and practically 900 colleagues, the agency focuses on bespoke consumer service and the utilization of superior know-how.
About Velocity Commerce
By means of its world community of wholly owned regulated and registered subsidiary corporations, Velocity Commerce employs over 170 professionals that present company and institutional purchasers aggressive execution and custody companies in a mess of worldwide over-the-counter (OTC) and change listed markets. Velocity Commerce gives companies in a broad vary of markets, together with: (i) overseas change hedging, buying and selling, settlement and prime of prime; (ii) world fairness, fastened revenue, funds, structured merchandise; and (iii) company finance and advisory. Velocity Commerce has places of work in Toronto, Montreal, Calgary, London, Amsterdam, Hamburg, Johannesburg, Cape City, Bridgetown, Sydney and Auckland.