just now
September 14, 2023 - Wedbush Financial Services ("WFS"), parent company of Wedbush Securities Inc, has announced that regulatory approval has been granted for its investment in and partnership with Velocity Trade.
WFS is now the largest shareholder in Velocity Trade, “furthering its mission to become the premier, non-bank global financial services provider for a wide range of assets”. The partnership focuses on multi-asset global execution, which broadens the range of financial services Wedbush offers to clients.
Velocity's global footprint and regulatory framework enables Wedbush to provide clients with comprehensive access to international markets – as well as world-class products and services including prime services, foreign exchange, wealth management, and investment banking.
“Upon meeting the Velocity Trade team, we quickly identified that their exceptional talent, technologies and global platform would benefit Wedbush clients. We are thrilled to invest in both the company and the partnership to drive our collective success,” said Gary Wedbush, CEO of WFS.
Velocity Trade’s CEO Simon Grayson added, “By leveraging Wedbush's market expertise and competencies alongside our unique foreign exchange, derivatives, and multi-asset distribution platform, we will continue to build on our history of growth and profitability, while maintaining focus on delivering exceptional value to our clients.”
