The investment expands Wedbush's global footprint, connecting to more than 20 international liquidity centers and expanding into Forex Prime clearing services:

The transaction advances Wedbush's vision to become the world's leading non-bank global multi-asset financial services provider.

Toronto, October 12, 2022 /CNW/ -- Wedbush Securities Inc. Wedbush Financial Services, the parent company of Velocity Trade, is making a significant investment in Velocity Trade, making it the largest outside shareholder (subject to regulatory approval). Velocity Trade is a global brokerage that provides access to global OTC and exchange-listed markets through its suite of wealth technology products, as well as customized wealth management solutions. This investment expands Wedbush's global presence in new asset classes and commodity trading, enhancing its robust client product suite to become one of the world's leading non-bank global multi-asset financial services providers.

Wedbush Securities has recently expanded its international capabilities through various relationships and agreements. With Velocity offices in Canada, the United Kingdom, Australia, New Zealand, the Netherlands, Germany, South Africa, and Barbados, as well as the company's global regulatory framework and reach, Wedbush's capabilities expand globally to provide clients with full access to international markets, world-class products and services, including key services, Foreign Exchange, Foreign Exchange, and Foreign Exchange. Wealth management and investment banking.

"Our new partnership with Velocity is a significant step forward in our company's global vision," said Gary Wedbush, CEO of Wedbush Financial Services. Our relentless mission to provide our clients with world-class global multi-asset services will only accelerate with the growth of our exceptional international capabilities.

"We welcome Wedbush's strategic investment and look forward to working with their team," said Simon Grayson, CEO of Velocity Trade Group. Wedbush's expertise and capabilities, combined with Velocity's unique foreign exchange, derivatives and global multi-asset distribution platforms, will provide additional opportunities and products for Velocity's customer-first model. These synergies have enabled us to further build on our history of growth and profitability, ultimately enabling the Velocity Group to reach an all-time high in 2021.