Velocity Clearing Joins Forces with Avenue Securities LLC
Velocity Clearing, a prominent name in the global financial industry, has officially partnered with Avenue Securities, a firm known for its innovative investment strategies. This strategic alliance marks a significant step towards enhancing investment opportunities and mutual fund distribution for clients.
Overview of the Strategic Alliance
This collaboration between Velocity Clearing and Avenue Securities aims to expand investment, clearing, and mutual fund distribution services. Their combined efforts are set to establish new benchmarks for efficiency and accessibility in financial transactions.
Enhancing Investment Services
Velocity Clearing is set to function as the primary execution, clearing, and settlement agent for Avenue Securities. This will involve managing mutual funds and UCITS, along with various other asset classes. As a result, clients can expect a significant improvement in trade processing accuracy and efficiency.
Integration with Allfunds Group
The alliance will also incorporate Allfunds Group's platform within Velocity Clearing’s operations. This integration will provide Avenue Securities with seamless access to a wide array of investment funds, enabling them to offer clients a diverse range of choices.
Leadership Insights
Brian Schaeffer, President of Velocity Clearing, expressed enthusiasm for the collaboration, stating, "This strategic alliance brings together top-tier capabilities in global investment access, transaction processing, and a wide selection of investment options." He emphasized the potential for enhanced services through this partnership with Avenue Securities and Allfunds Group.
Avenue Securities: A Growing Power in Investments
In a statement regarding the partnership, Alexandre Artmann, COO of Avenue, highlighted their rapid growth within the Brazilian market. He noted that the alliance with Velocity Clearing and Allfunds Group would help them scale to meet increasing demand and facilitate access to new investment products.
About Velocity Clearing, LLC
Velocity Clearing is a self-clearing broker/dealer that caters to various market participants including correspondents, Prime Brokerage clients, and active retail traders. Established in 2003, the firm initially focused on securities locating and has since evolved to offer an extensive tech-enabled ecosystem for trade execution, clearing, custody, and financing. With a growing team and resources, Velocity services clients globally on a 24x6 basis and is a member of both FINRA and SIPC.
About Avenue Securities LLC
Avenue is a Miami-based investment firm providing Brazilians with the opportunity to open dollar accounts and directly invest in the U.S. market. This access includes major global asset managers and significant stock exchanges like NYSE and Nasdaq. Founded in 2018 by experienced Brazilian executives, Avenue operates in both B2C and B2B markets, serving retail and high-net-worth clients. The company has solidified its market position by establishing a strategic partnership with Itaú, allowing for expanded services to millions of Itaú account holders.
Frequently Asked Questions
What is the purpose of the alliance between Velocity Clearing and Avenue Securities?
The partnership aims to enhance investment, clearing, and mutual fund distribution services, creating greater efficiency and accessibility for clients.
Who will be the primary agent for clearing and settlement?
Velocity Clearing will act as the primary execution, clearing, and settlement agent for Avenue Securities, handling mutual funds and other asset classes.
What advantages does Allfunds Group bring to this partnership?
Allfunds Group's platform will provide streamlined access to a diverse range of investment funds, offering Avenue Securities' clients a broader array of options.
When was Velocity Clearing established?
Founded in 2003, Velocity Clearing began with the focus on securities locates and has since expanded its services significantly.
What markets does Avenue Securities cater to?
Avenue Securities primarily serves Brazilian clients, providing them with the means to access U.S. markets and investments.
