Velocity Trade International is pleased to announce that, following a comprehensive review, it has been accepted as a full member of the London Bullion Market Association (LBMA). Since expanding our physical precious metals business, Velocity Trade has followed its philosophy of connecting global markets.

"London has traditionally represented the heart of the global physical precious metals market, providing both a strong trading environment in its own right and a bridge between East and West markets," said Simon Grayson, CEO of Velocity Trade Group of Companies.

"As Vitex's precious Metals business continues to grow, expanding our presence and engagement at this important crossroads is a natural next step.

Velocity Trade's precious metals business offers physical, allocated and unallocated trading to clients in global markets, all combined with key services in foreign exchange and derivatives hedging.

About Wizex Trading

Through its global network of wholly-owned regulated and registered subsidiaries, Velocity Trade employs more than 170 professionals to provide competitive execution and custody services to corporate and institutional clients in numerous global over-the-counter (OTC) and exchange-listed markets. Velocity Trade provides services in a wide range of markets, including: (i) Forex hedging, trading, clearing, and prime pricing; (ii) Global equities, fixed income, funds, structured products; And (iii) Corporate finance and advisory. Velocity Trade has offices in Toronto, Montreal, Calgary, London, Amsterdam, Hamburg, Johannesburg, Cape Town, Bridgetown, Sydney and Auckland.

About London Bullion Market Association

Standards that advance the common interest of the global industry.

The LBMA is the world's independent authority and standard-setting body for precious metals, committed to maintaining trust in the precious metals market.

Our mission is to ensure the highest level of leadership, integrity and transparency in the global precious metals industry by setting standards and developing market solutions. The LBMA standard covers the purity, form and origin of metals, as well as commercial practices.

The LBMA's membership includes about 150 companies, including traders, refiners, producers, manufacturers, and companies that provide storage and security carrier services.