Velocity Clearing opens a new Chicago office
Velocity Clearing has opened a new office in Chicago, a move aimed at strengthening its execution, clearing, and custody capabilities in the city’s vibrant options market. The expansion deepens the firm’s presence where demand is strong and aligns with its focus on delivering end-to-end support for clients.
Marking the milestone
To commemorate the expansion, representatives from Velocity Clearing will ring the closing bell on the Cboe Global Markets trading floor in Chicago. The ceremony, slated to take place soon, underscores the firm’s commitment to growth and its continued investment in serving the market.
Momentum in options trading
Options trading remains central to Velocity Clearing’s offering. The firm provides an integrated set of services—execution, clearing, settlement, custody, and technology—to support clients across the trade lifecycle. It has also built a strong reputation in securities lending, complementing its broader platform.
Executive insights
Velocity Clearing President Brian Schaeffer highlighted the acceleration in this area, stating, “Options trading is a core area of growth for Velocity and our trajectory in this business is increasing rapidly. Our new Chicago office and on-the-ground presence in the city is needed to effectively service growing customer demand in options trading along with other asset classes.” His remarks reflect the firm’s emphasis on proximity, responsiveness, and the resources needed to meet client demand.
Where Velocity Clearing already operates
The firm maintains a network of offices in New York City; Hazlet, New Jersey; Boca Raton, Florida; and Dallas, Texas. Each location plays a role in delivering service and support, working together to provide consistent coverage to clients.
Memberships and affiliations
Velocity Clearing is a member of several equity and options exchanges, including the Cboe. The firm is fully affiliated with the Depository Trust Corporation and is also a member of the Options Clearing Corporation, the primary clearing house for options contracts in the United States. These affiliations align with its focus on reliability and market access.
About Velocity Clearing, LLC
Velocity Clearing is a self-clearing broker-dealer serving a range of market participants, including correspondents, Prime Brokerage clients, active retail traders, and emerging hedge funds. Founded in 2003, the firm has evolved from providing locates on required securities to operating a tech-enabled ecosystem that supports securities locates, borrowing, execution, clearing, custody, and financing—delivering continuity from start to finish.
In recent years, Velocity has expanded to include portfolio margin, as well as execution and clearing for options. That growth has been supported by an emphasis on a seamless user experience, robust risk management practices, and a team of traders and technologists working together. With a growing workforce across multiple locations, the firm serves clients globally on a 24x6 basis. Velocity Clearing is a member of FINRA and SIPC.
Frequently Asked Questions
Why is Velocity Clearing opening an office in Chicago?
The new office strengthens the firm’s execution, clearing, and custody capabilities in Chicago’s vibrant options market, supporting its focus on options and related services.
How will Velocity Clearing mark the opening?
Company representatives will ring the closing bell at the Cboe Global Markets trading floor in Chicago, a ceremony planned to take place soon.
What services does Velocity Clearing provide today?
Velocity Clearing offers execution, clearing, settlement, custody, and technology support, alongside its established presence in securities lending.
Where else does the firm have a presence?
In addition to Chicago, Velocity Clearing has offices in New York City; Hazlet, New Jersey; Boca Raton, Florida; and Dallas, Texas.
What industry memberships does Velocity Clearing hold?
The firm is a member of several equity and options exchanges, including the Cboe, is fully affiliated with the Depository Trust Corporation, and is a member of the Options Clearing Corporation. It is also a member of FINRA and SIPC.
