Financial services firm Velocity Clearing has opened a new office in Chicago as part of the expansion of its execution, clearing and custody operations including the options markets.
Brian Schaeffer, president at Velocity Clearing
To commemorate the milestone, Velocity Clearing representatives will ring the closing bell at the Cboe Global Markets trading floor in Chicago on Monday, 23 September at 15:15 CT.
“Options trading is a core area of growth for Velocity and our trajectory in this business is increasing rapidly,” said Brian Schaeffer, president at Velocity Clearing.
“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.”
Options trading is among the multiple asset classes traded by Velocity Clearing. Alongside providing a full range of execution, clearing, settlement, custody and technology services, the financial services firm also has a securities lending business.
Velocity Clearing has already established a growing network of offices in New York City, Hazlet, New Jersey, Boca Raton, Florida, and Dallas, Texas.
Velocity Clearing is a member of several equity and options exchanges including Cboe and is also a full member of the Depository Trust Corporation and the Options Clearing Corporation.