Velocity Trade gains MAS approval, advancing global reach. Strategic hires and initiatives strengthen foothold in Singapore and APAC.
Velocity Trade gains MAS approval, advancing global reach. Strategic hires and initiatives strengthen foothold in Singapore and APAC.
Velocity Trade has secured approval for a Capital Markets Services license in Singapore from the Monetary Authority of Singapore (MAS). This regulatory milestone marks a significant step in the company’s global expansion strategy, highlighting its commitment to establishing a strong presence in the Asia-Pacific (APAC) region.
Velocity Trade has been actively bolstering its operations in APAC, which is evident in its strategic hires and business initiatives. The company recently appointed Will Robbins, the former Head of Asia at iSAM Securities (formerly iS Prime), as Director. Robbins is tasked with spearheading the expansion of multi-asset offerings in Asia and contributing to the growth of the newly launched business in Singapore. Additionally, the company welcomed Li Min Lee, a former executive from Swissquote Singapore, as Director, further reinforcing its leadership team in Singapore.
Headquartered in Toronto, Velocity Trade boasts a team of over 200 professionals catering to corporate and institutional clients. The company specializes in executing and custody services across a diverse range of global over-the-counter (OTC) and exchange-listed markets. Its service portfolio encompasses foreign exchange hedging, trading, settlement, and prime of prime services, as well as global equity, fixed income, funds, structured products, and corporate finance and advisory.
With offices strategically located in major financial centers such as Toronto, London, Sydney, and Amsterdam, Velocity Trade continues to position itself as a key player in the international financial landscape. Notably, the company attracted significant investment from U.S.-based Wedbush Financial last year, solidifying its position as Velocity’s largest external shareholder.This latest regulatory approval underscores Velocity Trade’s dedication to expanding its footprint globally and enhancing its capabilities to better serve clients in the dynamic APAC market. As the company continues to make strategic moves, industry observers are keenly watching its trajectory in the evolving landscape of financial services.
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