Investment Summary

Wedbush Financial Services Invests In Velocity Trade

On October 12, 2022, Wedbush Financial Services invested in financial services company Velocity Trade

Investment Highlights
  • This is Wedbush Financial Services’ 1st transaction in the Financial Services sector.
  • This is Wedbush Financial Services’ 1st transaction in Canada.
  • This is Wedbush Financial Services’ 1st transaction in Ontario.

Investment Summary

Date 2022-10-12
Target Velocity Trade
Sector Financial Services
Investor(s) Wedbush Financial Services
Deal Type Stake Purchase

Target

Velocity Trade

Toronto, Ontario, Canada
Velocity Trade provides corporate and institutional clients with competitive execution and custody services in a multitude of global over-the-counter (OTC) and exchange-listed markets. The company offers services in a broad range of markets, including: (i) foreign exchange hedging, trading, settlement, and prime of prime; (ii) global equity, fixed income, funds, and 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.

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Investor(S) 1

Investor

Wedbush Financial Services

Los Angeles, California, United States

Category Company
Sector Financial Services
DESCRIPTION

Wedbush Financial Services (WFS) is a diversified financial services holding company that provides its clients, both private and institutional clients, with a wide range of securities brokerage and processing, wealth management, and investment banking services. Wedbush Financial Services is headquartered in Los Angeles, California.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Stake Purchase) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1