FinClear grows clearing business with Velocity Trade

October 13, 2021 (Sydney): 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, FinClear’s 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 FinClear’s 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 Australia’s 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.

 

Recent posts

Velocity Trade Singapore announces the expansion of its Capital Services Markets (CMS) Licence
22 July

Velocity Trade Singapore announces the expansion of its Capital Services Markets (CMS) Licence

Velocity Trade is excited to announce the expansion of its Capital Services Markets (CMS) Licence with the Monetary Authority of Singapore to include Securities and…

Silver Mountain Completes Oversubscribed $25 Million Bought Deal Prospectus Offering
19 July

Silver Mountain Completes Oversubscribed $25 Million Bought Deal Prospectus Offering

Silver Mountain Completes Oversubscribed $25 Million Bought Deal Prospectus Offering 29 July 2025 NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN…

1911 Gold Closes C$13.2 Million “Bought Deal” Life Offering Including Increased Investment by Eric Sprott
17 July

1911 Gold Closes C$13.2 Million “Bought Deal” Life Offering Including Increased Investment by Eric Sprott

1911 Gold Closes C$13.2 Million “Bought Deal” Life Offering Including Increased Investment by Eric Sprott Vancouver, BC, July 17, 2025 – 1911 Gold Corporation…

Make Enquiry

Velocity Trade services clients and partners across the globe. Complete the form below and one of our experienced sales and trade professionals will get back to you.

  • Which services would you like to enquire about?

  • This field is for validation purposes and should be left unchanged.