简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The Australian financial technology company, FinClear, today announced that it will provide third-party clearing services to global broker-dealer Velocity Trade.
The Australian financial technology company, FinClear, today announced that it will provide third-party clearing services to global broker-dealer Velocity Trade.
FinClear CEO David Ferrall said the deal, FinClears first new third party clearing client post its recent acquisition of Pershing Australia, would present a number of synergies to both firms.
“Velocity is a global firm with great businesses and relationships in markets around the world,” he said. “We‘re delighted to welcome them aboard, and I’m sure that our two businesses will find plenty of mutual value as our relationship develops.”
Velocity Trade Managing Director and Head of APAC, Spencer Davey, said FinClears reputation and breadth of services were a good fit for the business, which previously used UBS for its third-party clearing.
“FinClear has a well-established reputation in this market, and has also been very approachable and flexible in working with us to achieve our needs,” he said. “We are really looking forward to working with the team.”
Established in 2015, FinClear offers a range of financial services technology solutions to clients from boutique financial advice practices to Australias largest banks. The company counts among its investors Magellan Financial Group and leading VC firm King River Capital, and acquired Pershing Australia in June 2021.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
ASIC is committed to ensuring Australia's equity markets remain clean and transparent, targeting insider trading and leaks, and involving listed entities in maintaining integrity.
Exness has announced the launch of the Exness Fintech Scholarships, available for application until July 7, 2024.
TNG Digital, in collaboration with CIMB Bank, has launched e-Mas, a digital gold investment product that enables TNG eWallet users to invest in gold starting from as little as RM10 (approximately 2.1 USD).
ASIC suspends HLK Group Pty Ltd's AFS license for six months due to inactivity in their financial services business, effective until December 27, 2024.