Businesswire, September 10, 2024
Firm is a growing participant in options trading and will ring closing bell at Cboe on Sept. 23
Velocity Clearing, a global financial services firm, today announced it has opened a new office in Chicago, as it expands its execution, clearing and custody operations including the options markets.
To help commemorate the growth milestone, representatives from Velocity Clearing will ring the closing bell at the Cboe Global Markets trading floor in Chicago on Monday, September 23 at 3:15 pm CT.
Options trading is one of multiple asset classes trading by Velocity Clearing, which offers a full breadth of execution, clearing, settlement, custody and technology services. Velocity is also a leader in the securities lending business.
Velocity Clearing President Brian Schaeffer said, “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.”
Velocity Clearing already maintains a growing network of offices in New York City, Hazlet, New Jersey, Boca Raton, Florida, and Dallas, Texas. Velocity Clearing 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, the sole clearing house for options contracts in the United States.
