Velocity Trade is low service brokerage. They deal with higher end clientele.
TORONTO, Oct. 12, 2022 /CNW/ – Wedbush Financial Services, the parent company of Wedbush Securities Inc., 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 service 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 client’s comprehensive access to international markets, world class products and services, including prime services, foreign exchange, wealth management and investment banking.