Wedbush Financial Services Acquires Significant Stake In Velocity Trade

Wedbush Financial Services, the parent company of Wedbush Securities Inc, is making a significant investment in Velocity Trade, making it the largest outside shareholder (subject to regulatory approval). Velocity Trade is a global brokerage firm offering access to global OTC and exchange listed markets, as well as customized Wealth Management solutions via its WealthTech product suite. This investment expands Wedbush’s global presence in new asset classes and commodities trading, enhancing its robust suite of client offerings, to become one of the world’s leading non-bank global multi-asset financial services providers.