About Velocity

The primary mission of Velocity Clearing is to deliver the highest level of service to its clients. Specifically, the focus of the Firm is to provide clients in its target market with a full suite of trading services and experienced personnel that will enable them to achieve their goals and objectives.

Initially, the Firm started out as a third-party security locate provider giving locates to clients clearing at other firms. Given the popularity of the locate product and the perceived difficulty that clients were having in navigating through a number of firms to achieve their objectives, the Firm decided to vertically integrate all the facets of a clients trading experience by becoming a full-service firm providing a soup-to-nuts trading and clearing platform for its clients.

Today, the Firm provides a wide range of services and products to its clients. From access to stock locate services, securities borrow coverage, clearing infrastructure, in-house market making desk, competitive financing and full support client services, our clients get it all. In addition, the Firm is working on providing its clients with additional services in the near future.

The team at Velocity Clearing is filled with industry experts, many of whom have more than 25 years of experience in a variety of roles on the desk, on the floor, in operations, in trading, technology and conducting business with the latest technology.

our team

Michael Logan
Chief Executive Officer

Michael Logan has extensive experience in the securities industry, working at several Broker Dealers in senior and managerial positions in the stock loan/borrow and stock locate businesses. Michael has extensive securities lending expertise with numerous relationships with banks, brokerages and agent banks. he has overseen the development of various technology initiatives supporting these disciplines. As Chief Executive Officer, Michael currently maintains general securities representative (“GS”) and a general securities principal (“GP”) license.

Frank Bracero
Chief Financial Officer

Frank W. Bracero is an experienced Chief Financial Officer (CFO) and FINOP executive, specializing in securities accounting, futures commission merchant activities, capital markets regulatory reporting, budgetary reporting, and strong control skills. He has industry licenses for Series 7, 24, 27 and 63, with extensive knowledge of Generally Accepted Accounting Principles (U.S. GAAP), Generally Accepted Auditing Standards (GAAS), SEC, FINRA, CFTC and CME regulatory requirements. Mr. Bracero is the former CFO for multiple broker dealers, most notably BNP Paribas, and is a member of the SIFMA capital committee.

Robert Calice
Chief Operating Officer

Robert Calice has more than 20 years of prime brokerage, execution services and clearing experience in the financial services industry. He has diverse experience in all aspects of the securities industry, including but not limited to relationship management, operations, trading, sales and marketing, and risk management. He has worked at several clearing firms and broker/dealers in both a supervisory and managerial capacity.

Mr. Calice is registered with FINRA as a General Securities Principal (Series 24); a General Securities Representative (Series 7) and a Securities Trader (Series 55). He is also qualified as a state agent (Series 63). In addition, Mr. Calice earned a Bachelor of Science in Marketing from Fairleigh Dickinson University.

Munaf Merchant
Chief Risk Officer

Munaf Merchant has 28 years of experience in the securities industry, working at investment banks, hedge funds, and broker/dealers in senior and managerial positions in the proprietary trading and risk management environments. Munaf has extensive trading and risk management expertise in equities, equity options, linear derivatives, and stock loan. He has overseen the development of various technology initiatives supporting these disciplines. Munaf currently maintains general securities representative (“GS”), general securities principal (“GP”) and securities trader (“TD”) license.

Laura Crawford
Chief Compliance Officer

Laura Crawford has 25 years of experience in the securities industry and has served in senior and managerial positions as both Chief Compliance Officer and AML Compliance Officer. She has extensive experience with equity trading, especially in the areas of market manipulation surveillance. She has been actively involved in all areas of compliance within both retail and institutional broker-dealers. Ms. Crawford currently maintains general securities representative (“GS”), general securities principal (“GP”), compliance officer (“CO”), securities trader (“TD”), securities trader principal (“TP”), operations professional (“OS”) and state agent licenses.

Tim Connelly
Chief Information Officer

Tim Connelly has more than 30 years of experience in the securities and technology industries. He has been instrumental in starting and managing clearing firms and technology companies. His core competency is establishing procedures and methodology that help to automate the day to day activities of a firm. Mr. Connelly prides himself in working closely with clients to ensure that their overall needs are met, having the ability to clearly understand new lines of business a client may want to enter, and providing guidance and solutions for clients to utilize.