{"id":1685,"date":"2020-02-18T07:00:00","date_gmt":"2020-02-18T07:00:00","guid":{"rendered":"https:\/\/resources.velox-global.com\/?p=1685"},"modified":"2020-06-05T20:46:22","modified_gmt":"2020-06-05T20:46:22","slug":"velox-clearing-appoints-michael-higgins-as-ceo","status":"publish","type":"post","link":"https:\/\/resources.velox-global.com\/index.php\/velox-clearing-appoints-michael-higgins-as-ceo\/","title":{"rendered":"Velox Clearing Appoints Michael Higgins as Chief Executive Officer"},"content":{"rendered":"\n

Brokerage industry leader to spearhead firm\u2019s continued growth and development<\/em> <\/p>\n\n\n\n

February 18, 2020 7:00 am by Michael Higgins<\/a> <\/p>\n\n\n\n

ANAHEIM, CA \u2013 February 18, 2020<\/strong> — Velox Clearing<\/a>, LLC (\u201cVelox\u201d), a technology-forward clearing firm, today announced the appointment of brokerage industry veteran Michael Higgins<\/a> as its Chief Executive Officer. <\/p>\n\n\n\n

Mr. Higgins brings three decades of financial services leadership experience to Velox, most recently serving as Head of Operations at LPL Financial (\u201cLPL\u201d). In this position, he oversaw all areas of the firm\u2019s operations while mitigating risk, increasing efficiency, and working to continuously improve the client experience. At LPL, he was also Senior Vice President of Operational Risk Management, where he was responsible for the development and implementation of a risk culture and mitigation methodology throughout the firm\u2019s operational and service organizations. His career to date also encompasses senior-level positions at AXA Equitable, Bank of New York, Pershing, and Charles Schwab. <\/p>\n\n\n\n

\u201cThe clearing\nsector is ripe for innovation, and I\u2019m thrilled to be joining an outstanding\nteam that is at the forefront of this movement<\/a>,\u201d\nsaid Higgins. \u201cMy industry experience to date has instilled a deep\nunderstanding of the challenges and opportunities our clients face, and I look\nforward to helping Velox and its\u2019 clients successfully navigate a rapidly evolving\nlandscape to achieve growth.\u201d<\/p>\n\n\n\n

Michael Higgins as the New Chief Executive Officer of Velox Clearing<\/h2>\n\n\n\n

In his new role, Mr. Higgins will leverage his broad expertise in brokerage operations, product development, sales, and risk mitigation to drive strategic direction and support Velox\u2019s business development initiatives.<\/p>\n\n\n\n

Mr. Higgins earned his Bachelor of Science in\nBusiness Management from St. John\u2019s University; he also holds FINRA Series 4,\n7, 8, 24, 53, 63 and 65 licenses. <\/p>\n\n\n\n

David Herron, former CEO of the Chicago Stock\nExchange<\/a>, and a member of Velox\u2019s board of directors, added: \u201cWe are\ndelighted to welcome an executive of Michael\u2019s caliber to the Velox team. Under\nhis expert leadership, we are confident that Velox will continue to deliver\nexceptional value and differentiated service to clients.\u201d<\/p>\n\n\n\n

Southern California-based Velox, which publicly launched<\/a> operations in 2019, offers securities clearing, settlement, custody, margin lending, stock loan, and prime brokerage solutions<\/a> to small- to mid-sized broker-dealers, registered investment advisers (RIAs), hedge funds and automated (black box) traders. The firm introduces superior efficiency and speed to the back-office, supporting its customers\u2019 business operations by combining modern, responsive technology with high-touch service, competitive pricing, and rigorous risk management controls.
<\/strong><\/p>\n\n\n\n

About\nVelox Clearing<\/strong><\/p>\n\n\n\n

Headquartered in Anaheim, CA, Velox Clearing\nLLC is a technology-forward correspondent clearing firm, prime broker and RIA\ncustodian. Combining deep expertise, exceptional client service and\ncutting-edge technology, Velox empowers its clients to focus on controlling\ncosts, acquiring new business and leveraging their market presence. <\/p>\n\n\n\n

Velox is registered with the SEC, is a member\nof FINRA and the NYSE, and is a member of DTCC\/NSCC and SIPC. For more\ninformation, visit https:\/\/www.velox-global.com\/<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Brokerage industry leader to spearhead firm\u2019s continued growth and development February 18, 2020 7:00 am by Michael Higgins ANAHEIM, CA \u2013 February 18, 2020 — Velox Clearing, LLC (\u201cVelox\u201d), a technology-forward clearing firm, today announced the appointment of brokerage industry veteran Michael Higgins as its Chief Executive Officer. Mr. Higgins brings three decades of financial […]<\/p>\n","protected":false},"author":3,"featured_media":1856,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[13,5],"tags":[111,112,93,15],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/resources.velox-global.com\/wp-content\/uploads\/2020\/02\/higgins-website-photo.jpg?fit=4500%2C4500&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8AEHO-rb","jetpack-related-posts":[{"id":1290,"url":"https:\/\/resources.velox-global.com\/index.php\/velox-clearing-launches-correspondent-clearing-and-prime-brokerage-services-publicly\/","url_meta":{"origin":1685,"position":0},"title":"Velox Clearing Launches Correspondent Clearing and Prime Brokerage Services Publicly","date":"October 18, 2019","format":false,"excerpt":"Tech-driven firm Velox Clearing to support back-office and cost efficiency; enhance service for small and mid-sized firms ANAHEIM, CALIF. (PRWEB)\u00a0OCTOBER 14, 2019 Velox Clearing\u00a0(\u201cVelox\u201d), a technology-forward provider of clearing solutions to some of the financial industry\u2019s most agile firms, today announced its official launch. Led by a team of clearing\u2026","rel":"","context":"In "Blog"","img":{"alt_text":"laguna-beach-orange-county-clearing-prime-brokerage-firm-location-broker-dealer","src":"https:\/\/i0.wp.com\/resources.velox-global.com\/wp-content\/uploads\/2019\/05\/Laguna-Beach-5.jpg?fit=1200%2C676&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1490,"url":"https:\/\/resources.velox-global.com\/index.php\/velox-clearing-launches-new-website-for-clearing-and-prime-brokerage-clients\/","url_meta":{"origin":1685,"position":1},"title":"Velox Clearing Launches New Website for Clearing and Prime Brokerage Clients","date":"October 31, 2019","format":false,"excerpt":"Clearing firm, which services small-to-mid-sized firms, launches a new website for their audience. ANAHEIM, CA -- October 31, 2019 -- We are very excited to announce the launch of our newly designed website. After months of hard work, collaboration, and dedication, we are ecstatic to officially announce the launch of\u2026","rel":"","context":"In "Blog"","img":{"alt_text":"man-laptop-glasses-room-office-young-guy-happy-velox-clearing-pexels","src":"https:\/\/i2.wp.com\/resources.velox-global.com\/wp-content\/uploads\/2019\/10\/man-laptop-glasses-room-office-young-guy-happy.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1582,"url":"https:\/\/resources.velox-global.com\/index.php\/velox-clearing-sponsors-94th-annual-mid-winter-meeting-for-sta-chicago\/","url_meta":{"origin":1685,"position":2},"title":"Velox Clearing Sponsors 94th Annual Mid-Winter Meeting for STA Chicago","date":"December 13, 2019","format":false,"excerpt":"Velox Clearing sponsors 94th Annual Mid-Winter Meeting for STA Chicago ANAHEIM, CA -- December 13, 2019 \u2013 STA Chicago (\u201cSecurity Traders Association of Chicago\u201d), a leading trade organization for individual professionals in the securities industry that works to improve the ethics, business standards and working environment for its members, announced\u2026","rel":"","context":"In "Blog"","img":{"alt_text":"apartment-apartment-building-architecture-building-323705-pexels","src":"https:\/\/i0.wp.com\/resources.velox-global.com\/wp-content\/uploads\/2019\/12\/apartment-apartment-building-architecture-building-323705.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1325,"url":"https:\/\/resources.velox-global.com\/index.php\/dave-herron-of-velox-clearing-on-cheddar-about-zero-trading-fees\/","url_meta":{"origin":1685,"position":3},"title":"Dave Herron of Velox Clearing on Cheddar about Zero Trading Fees","date":"October 21, 2019","format":false,"excerpt":"A slight tilt has occurred recently in the financial world, and the people behind it are shaking things up... but at what cost? Published October 21, 2019 5:56pm The race to zero-commission in the world of trading is swift and it is coming fast. David Herron, Board Member at Velox\u2026","rel":"","context":"In "Blog"","img":{"alt_text":"dave-herron-cheddar-interview-velox-clearing-prime-brokerage-nyse","src":"https:\/\/i1.wp.com\/resources.velox-global.com\/wp-content\/uploads\/2019\/10\/daveherron-cheddar.png?fit=1200%2C666&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1822,"url":"https:\/\/resources.velox-global.com\/index.php\/the-impact-of-covid-19-on-broker-dealers-and-where-it-hurts\/","url_meta":{"origin":1685,"position":4},"title":"The Impact of COVID-19 on Broker-Dealers (And Where It Hurts)","date":"May 29, 2020","format":false,"excerpt":"by Michael Higgins, CEO of Velox Clearing It has been a long and grueling 3 months since the first COVID-19 case reared its head in the United States. When the first deaths were reported no one could have predicted the global impact it would have. Quarantine efforts in China were\u2026","rel":"","context":"In "Blog"","img":{"alt_text":"man-walking-business-suit-phone-impact-of-covid-on-broker-dealers","src":"https:\/\/i2.wp.com\/resources.velox-global.com\/wp-content\/uploads\/2020\/05\/bram-naus-man-walking-business-suit-phone-unsplash.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1719,"url":"https:\/\/resources.velox-global.com\/index.php\/the-coronavirus-pandemic-is-changing-the-way-finance-works\/","url_meta":{"origin":1685,"position":5},"title":"The Coronavirus Pandemic is Changing the Way Finance Works","date":"April 14, 2020","format":false,"excerpt":"by Walter Peczon Finance evolves. Like a virus, the financial services industry is continuously evolving, and it took the natural evolution of the coronavirus genome to spark global attention. For viruses and financial services firms, the survivability through this natural selection process is what shapes the global economy and society.\u2026","rel":"","context":"In "Blog"","img":{"alt_text":"cover-robo-adviser-how-to-launch-6-steps","src":"https:\/\/i1.wp.com\/resources.velox-global.com\/wp-content\/uploads\/2020\/04\/shutterstock_1160128927.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/posts\/1685"}],"collection":[{"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/comments?post=1685"}],"version-history":[{"count":7,"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/posts\/1685\/revisions"}],"predecessor-version":[{"id":1857,"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/posts\/1685\/revisions\/1857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/media\/1856"}],"wp:attachment":[{"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/media?parent=1685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/categories?post=1685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resources.velox-global.com\/index.php\/wp-json\/wp\/v2\/tags?post=1685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}