FNDX Trading Group Starts Collaboration with Velocity Clearing
Velocity Clearing is a leading American broker, prime broker, and clearing house providing services to professional participants in the U.S. equities market. It has earned significant respect among active investors and traders for its infrastructure supporting stock locates for short selling, direct order routing, clearing, and stock lending under the best conditions.
Through this partnership, Fondexx gains access to Velocity's proprietary stock locate system, combined with advanced order execution and clearing technologies. This ensures seamless and efficient operations for traders. This collaboration marks the third gateway for Fondexx clients to access the U.S. stock market, with diversification aimed at improving trading conditions for active traders.
Advantages and improvements available to FNDX clients include:
- Customized routing and Direct Market Access (DMA)
- Access to stock locates at the best prices
- Fractional share trading and investing capabilities
- Fast and seamless order execution
- A range of trading platforms, including the new proprietary platform, VTrader
- The ability to open cash accounts for passive investing (Winter 2022/23)
"We are very excited to open this chapter and begin our collaboration with Velocity. It is one of the best American clearing providers in the professional market participant industry. This partnership will provide our traders with even more opportunities and a competitive edge in the market," said Glib Kozak, CEO of FNDX Trading Group.