About Velox Clearing | Prime Brokerage and Clearing Firm

Velox Clearing

A clearing partner that evolves with your business.

What is Velox?
And Who Are We?

A Clearing Firm That Elevates Finance To The Next Level

Velox exceeds client expectations by empowering its customers to focus on controlling costs, acquiring new business, and leveraging their market presence. Our mission is to align people, processes, and technology to ensure business success and a utilization of advanced techniques – a synchronicity that helps our clients to avoid trouble and maximize their successes.

Velox and Our Ethos

Today’s trading market has never been more fast-paced and nuanced – you need a clearing partner that can keep up with traders and fund managers.
Tech-Forward Without the best technology in the industry, nothing else matters. With next-gen software and a driven mindset to create success for our clients, Velox stands to push the envelope for your business and your clients.
Responsive We deliver unrivaled speed and next-gen service, but we’re big on proponents of traditional technology. Need to get in touch? Reach out to us over the phone, because we love talking to customers.
Global Presence Our delivery spans continents, cultures, and systems outside of our office. We apply the collective knowledge of our teams and executives to better understand our customers and nimbly respond to their unique needs.
Status-Quo Challenger We are not tied to a cookie-cutter way of doing things. We’re innovative problem solvers and creative thinkers. We thrive on identifying fresh solutions to problems of any size.
Independent We take pride in our independence as a clearing firm. Our independence allows us to be agile while upholding our strong values.

The Team Behind Velox

With an experienced team at its helm, Velox Clearing strives to exceed client expectations through seamless integration of technology and a dedicated focus on your success.
Michael Higgins
CHIEF EXECUTIVE OFFICER
Prior to joining Velox as CEO, Michael worked at LPL Financial where he was Head of Operations and Head of Operations Risk. He also served as Executive Vice President at HB Capital – the world’s largest day trading firm, COO for AXA Advisors/401K, and President of BNY Investment Centers. Michael was also part of the team that launched the very first online discount brokerage firm in the world – PC Financial Network. Michael earned a Bachelor of Science degree at St. John’s University and holds FINRA Series 4, 7, 8, 24, 63 and 65 licenses.
Patrick Kelly
CHIEF OPERATING OFFICER
Pat has led bright talent in the clearing industry. Most recently at Electronic Transaction Clearing, Inc. (“ETC”) he oversaw firm operations, trade reconciliation and settlements, risk management, client margin and trading systems. Prior to ETC, he managed operations divisions at First Trade Union Trust. Pat holds a bachelor’s degree from Colgate University. When he is not leading the team at Velox, you might find Pat cutting some waves in the surf of Southern California.
Irene Shen
CHIEF FINANCIAL OFFICER
Irene has held regulatory reporting, risk management and operations management roles with various clearing firms and broker-dealers; this includes Apex Clearing, where she was involved in the firm’s merger of Penson Financial Services with Ridge Clearing. Irene earned her bachelor’s degree from Central University of Finance and Economics in Beijing, China; and an MBA from Oklahoma City University.
Walter Peczon
EXECUTIVE VICE PRESIDENT, SALES
Walter’s career spans over 33 years in correspondent clearance, prime brokerage, and investment advisory platform development. Prior to Velox, he has held senior sales and relationship management roles at Electronic Transaction Clearing, Inc.; United Capital; National Planning Corporation; Bear Stearns Securities Corporation; and Wedbush Securities. Walter earned his bachelor’s degree from Colby College, and an MBA from Cal Poly University, Pomona. In his spare time, Walter tries to find his balance with paddle-boarding and yoga.
Shuang “Cloris” Du
EXECUTIVE VICE PRESIDENT, HEAD OF MARKETING
Cloris enjoys a strong network with some of the largest mutual funds and hedge funds in Asia, which she developed during her tenure as executive director in the sales and trading division of Goldman Sachs. Cloris earned her bachelor’s degree, and her M.S. in economics, from Tsinghua University. In her spare time, she enjoys painting and spending time with her family.
David Herron
BOARD OF DIRECTORS
David has over forty years of experience in the securities industry with such firms as Fidelity Investments and Charles Schwab. He was the former CEO of the Chicago Stock Exchange and has served as a board director of the Cincinnati and Boston Stock Exchanges and other industry affiliations.