Velocity Trade Opens Montreal Office

TORONTO, Feb. 22, 2012 /CNW/ - Velocity Trade announced today that it has added Montreal to its list of world-wide service centres.

This expansion is the latest step in an aggressive plan to increase the foreign exchange facility's global presence through regional service capabilities and follows on the heels of recent installations in South Africa and New Zealand.

Continuing a trend of migration of high-level talent to Velocity Trade from global financial institutions, the Montreal office will be managed by a three-person team of seasoned forex experts formerly with National Bank of Canada and MF Global Canada.

        Ygal Bodokh has over nine years' experience in foreign exchange sales, including a Head of Sales position with National Bank of Canada. Specializing in forex hedging for medium to large corporations, he was most recently with MF Global Canada, where he was instrumental in the expansion of that brand in the province of Quebec.
        Steve Dahan, CFA brings over 18 years' experience in foreign exchange markets and derivative products. Steve has specialized skills in providing businesses with custom strategies for hedging against currency fluctuations. Prior to joining Velocity Trade, he was Managing Director of Foreign Exchange for National Bank of Canada.
        Jasmin Valade, CFA has over six years' experience in foreign exchange and derivative products and holds a Masters in Economics enabling him to apply strong economic analysis to specific foreign exchange exposures of corporate clients. His most recent designation was Senior Trader at National Bank of Canada and MF Global Canada.

Velocity Trade Principal Partner Simon Law hails the new office as a significant phase in the company's growth strategy: "Expansion into Quebec effectively strengthens our base in the major Canadian markets which in turn strengthens our ability to develop global presence."

About Velocity Trade
Velocity Trade is a global provider of physical foreign exchange and leveraged trading services for institutions, corporations and broker-dealers. With services that include very competitive prices in spot, short and long-dated forwards, SWAPS and options, the company has consistently transacted in excess of 5 billion dollars monthly since its 2008 launch. Velocity Trade offers direct dealing access through its desktop trading application that provides transparent and real time market executable prices. Clients are supported by offices in major trading centres throughout the world, including Toronto, Montreal, New York, London, Sydney, Auckland and Cape Town.


SOURCE Velocity Trade

For further information:

Jasmin Valade: 1-866-934-7455; or
Simon Law: 1-877-855-2896


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