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TORONTO, Oct. 30, 2014 /CNW/ - Velocity Trade Holdings Ltd. ("Velocity Trade") announces that it has recently acquired Toronto-based brokerage Magna Partners Ltd. ("Magna Partners"). Velocity Trade offers brokerage services through 5 regulated entities globally, and the acquisition and change of control of Magna Partners enables the organization to seamlessly facilitate transactions that originate from its growing global client base.
The Velocity Trade group of companies further expects that the acquisition of this broker-dealer will add to Velocity's global footprint and capabilities, with an in-depth service model conducive to meet our client's challenges and opportunities.
ABOUT MAGNA PARTNERS LTD.
Magna Partners Ltd. is registered as an investment dealer in the provinces of Ontario and Quebec. Magna is a member of the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF) and a participating organization of the Toronto Stock Exchange, TSX Venture Exchange.
ABOUT THE VELOCITY TRADE GROUP OF COMPANIES
Through its global network of wholly owned regulated and registered subsidiary companies, Velocity Trade provides corporate and institutional clients competitive brokerage services in a multitude of global over-the-counter (OTC) and exchange listed equity markets. Velocity Trade offers services in a broad range of markets, including: (i) foreign exchange hedging, trading, settlement and prime of prime; (ii) global equity; and (iii) corporate finance and advisory. Velocity Trade has offices in Toronto, Montreal, New York, London, Cape Town, Sydney and Auckland.
No Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of Velocity Trade Holdings Ltd. contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
SOURCE: Velocity Trade
For further information: Simon Grayson, Chief Executive Officer, Velocity Trade Holdings Ltd., T (416) 855 2800, www.velocitytrade.com