NEW YORK, March 28, 2023–(BUSINESS WIRE)–RQD* Clearing (RQD), a state-of-the-art correspondent clearing provider, announced today that it has secured a strategic investment from Belvedere Strategic Capital. The investment will help RQD accelerate its growth and further enhance its industry-leading clearing and execution solutions.
Belvedere Strategic Capital is known for its deep expertise in the financial markets and track record of investing in innovative fintech companies. Commenting on the investment, Ryan Sullivan, Partner at Belvedere Strategic Capital said, “RQD is transforming the relevant clearing industry with its state-of-the-art platform. We believe RQD is well positioned to capture significant market share and we look forward to working with the RQD team to drive its continued success.”
Since launching in 2021, RQD has rapidly gained momentum thanks to its proprietary, cloud-native correspondence clearing platform that processes billions of dollars in notional US stock and options trading activity daily. RQD’s modern, real-time platform has been praised by customers who appreciate its flexibility, cost-effectiveness and ability to be tailored to their specific business needs.
“Belvedere Strategic Capital shares our vision to modernize the relevant clearing industry,” said Michael Sanocki, CEO of RQD. “This investment validates the positive market response we’ve received as customers increasingly seek an alternative to expensive and inflexible legacy clearing providers.”
RQD has numerous clients in its clearing and execution businesses and recently received FINRA approval to offer portfolio margin for equities and options. With the support of Belvedere, RQD is well positioned to continue on its growth trajectory and help shape the future of the correspondence clearing industry.
About RQD clearing:
RQD is a modern correspondent clearing provider offering clearing, custody and execution solutions tailored to the needs of today’s dynamic market participants. Built entirely on cloud-native, real-time technology, RQD can quickly and seamlessly expand its platform, adapt to regulatory changes, and offer a more efficient implementation that scales as customers grow. In addition to portfolio margin, RQD supports US stocks, options, ETFs and other securities and is aimed at broker-dealers serving retail clients, institutional and active traders, foreign financial institutions and proprietary trading firms.
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To learn more about RQD’s state-of-the-art solutions and portfolio margin offering, please visit www.rqdclearing.com or contact us at [email protected]
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contacts
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Viktoria Kwiatkowski
RQD Clearing, LLC
[email protected]
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