Velocity Clearing opens new office in Chicago 11 September 2024US Reporter: Daniel Tison
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Velocity Clearing has opened a new office in Chicago to expand its execution, clearing, and custody corporations, including the options market.
Representatives from Velocity Clearing will ring the closing bell at the Cboe Global Markets trading floor in Chicago on 23 September at 15:15 (CT) to commemorate the decision.
Brian Schaeffer, president of Velocity Clearing, comments: “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.”
Options trading is one of multiple asset classes traded by Velocity Clearing, which offers execution, clearing, settlement, custody and technology services, alongside securities lending services.
Velocity Clearing currently maintains a network of offices in New York, New Jersey, Florida, and Texas.
The company is a member of numerous equity and options exchanges including Cboe and is also a full member of the Depository Trust Corporation and the Options Clearing Corporation (OCC).
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