Velocity Trade, a leading Canada-based broker, has achieved another milestone in its global expansion strategy by securing approval for a Capital Markets Services license in Singapore from the Monetary Authority of Singapore (MAS). This regulatory green light allows Velocity Trade to bolster its presence in the Asia-Pacific (APAC) region and further solidify its position as a key player in the international financial markets.

The company’s commitment to strengthening its operations in APAC is evident in its recent strategic hires and business developments. Will Robbins, former Head of Asia at iSAM Securities (formerly iS Prime), has joined Velocity Trade as Director, tasked with spearheading the expansion of the multi-asset offering in the Asia region. Additionally, the company welcomed Li Min Lee, formerly an executive at Swissquote Singapore, as Director in Singapore, further enhancing its leadership team.

Velocity Trade Secures Singapore License for Further APAC Growth

Velocity Trade, headquartered in Toronto, boasts a team of over 200 professionals dedicated to providing corporate and institutional clients with comprehensive execution and custody services across global over-the-counter (OTC) and exchange-listed markets. The firm’s diverse service offerings span 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 Toronto, Montreal, Calgary, London, Amsterdam, Hamburg, Johannesburg, Cape Town, Bridgetown, Sydney, and Auckland, Velocity Trade operates on a global scale. The recent approval of the Capital Markets Services license in Singapore serves as a key milestone in the company’s commitment to expanding its footprint in the Asia-Pacific region.

Last year, Velocity Trade attracted a “significant investment” from US-based Wedbush Financial, positioning the latter as Velocity’s largest outside shareholder. This investment has played a crucial role in supporting Velocity Trade’s growth initiatives and global expansion.

As Velocity Trade continues to navigate the dynamic landscape of international financial markets, the approval of the Capital Markets Services license in Singapore marks a significant achievement and underscores the company’s dedication to providing world-class financial services to its clients on a global scale.

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