Clearing & Custody
Velocity offers robust clearing and execution services with highly competitive pricing. In addition, we can scale to support any client, regardless of size or location, while providing custom reporting and a focus on customer service.
CORRESPONDENT CLEARING SERVICES
We provide comprehensive clearing services using one system for post-trade processing, boosting efficiency, reducing risk and allowing us to offer competitive rates for matching, clearing, settlement and custody.
- Equities & ETFs
- Options on Equities & ETFs
- Fixed Income and Mutual Funds [COMING SOON]
- Options on Futures*
*Futures and options on futures offered through NFA member Introducing Broker relationship with a Futures Commission Merchant.
FULLY DISCLOSED CLEARING
Velocity maintains a separate account for each client introduced by a correspondent. Execution, clearing and custody takes place within each respective account and brokers and their customers can easily view information online and receive personalized trade confirmations and month-end statements.
Velocity maintains consolidated accounts for omnibus correspondents across the globe to aggregate their client activity and easily reconcile back to the separate customer accounts they maintain.
Two-party direct clearing including execution, lending, financing, settlement, and custody for institutional customers that are not registered as a broker/dealer or the foreign equivalent (this would include customers such as proprietary trading firms, hedge funds, family offices & high-net worth individuals).
Our proprietary stock locate system, high-tech clearing, execution platforms, and competitive securities lending services create the ideal environments for our clients.