FNG Unique… FNG has discovered that Canada based mostly dealer Velocity Commerce has continued on its international march, receiving approval late final week for a Capital Markets Providers license in Singapore, from native regulator MAS.
Velocity Commerce has been ramping up its basic capabilities within the better APAC area, just lately hiring iSAM Securities (previously iS Prime) Head of Asia Will Robbins as Director, to assist construct out the multi-asset providing for the group within the Asia area, in addition to increasing the just lately launched enterprise based mostly in Singapore. The corporate additionally just lately added former Swissquote Singapore govt Li Min Lee as Director in Singapore.
Based mostly in Toronto, Velocity Commerce employs over 200 professionals that present company and institutional purchasers execution and custody providers in a large number of world over-the-counter (OTC) and change listed markets. Velocity Commerce provides providers in a broad vary of markets, together with: (i) overseas change hedging, buying and selling, settlement and prime of prime; (ii) international fairness, mounted earnings, 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. Late final yr US based mostly Wedbush Monetary made a “important funding” in Velocity Commerce, making it Velocity’s largest exterior shareholder.
