Velocity Clearing selects Matrix Applications’ collateral management solution 06 December 2024US Reporter: Daniel Tison
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Velocity Clearing has selected Matrix Applications as its strategic technology solutions provider for collateral management.
TradeBlazer is a Matrix solution which aims to provide a suite of functions for fixed income transactions, credit, trading, risk management, and real-time clearance activities.
“The platform empowers us to streamline operations, enhance trading processes, and offer solutions to our valued clients,” says Tony Merola, managing director at Velocity. “With TradeBlazer, we are poised to set new standards in efficiency and client satisfaction.”
With its mission to combine high-tech infrastructure with high-touch service, Velocity supports institutional clients like broker-dealers and hedge funds by providing execution services, clearing and custody, along with access to stock locate services, securities lending, and competitive financing.
Stephen Mellert, head of business development at Matrix, believes that the firm's partnership with Velocity will help both entities to achieve “unparalleled success and growth”.
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