Velocity Clearing LLC is a global financial technology company specializing in the securities trading industry. Here's an overview of the company: ## Overview - Founding Year: Velocity Clearing was founded in 2017 and is headquartered in Hazlet, New Jersey[3]. - Services: The company offers a suite of services including clearing and custody, securities lending and financing, execution services, prime brokerage, and advanced trading technology solutions[3][5]. - Clientele: Its primary clientele includes professional traders, hedge funds, and institutional clients[3]. ## Financial Strength and Growth - Financial Position: Velocity Clearing maintains a strong balance sheet and is committed to operating a financially sound business[1]. - Funding: The company has raised a total of $55 million in funding[3]. - Recent Growth: In 2023, Velocity Clearing reported record growth across multiple success metrics, enhancing client services, product offerings, and geographic reach[3]. ## Operational Structure - Locations: Velocity Clearing has multiple locations across the United States and supports clients worldwide[2]. - Team Size: The company employs over 250 professionals and continues to grow[2]. - Regulatory Memberships: Velocity Clearing is a member of several major exchanges and regulatory bodies, including the NYSE, Nasdaq, and FINRA[1]. ## Services and Technology - Clearing Services: Velocity offers fully disclosed clearing, omnibus clearing, and direct clearing services for various asset classes[4]. - Technology Solutions: The company provides proprietary API, OMS, and Corporate Action System, along with leading third-party trading tools[5].