RQD Clearing Market Research Report
Company Overview
- Name: RQD Clearing, LLC
- Mission of the Company: RQD Clearing aims to revolutionize the clearing and custody landscape with state-of-the-art technology, solutions, and a business model tailored to meet modern brokers’ requirements. They focus on delivering versatile, scalable, and customizable clearing and custody solutions.
- Founded: No information is available.
- Founders: No information is available.
- Key People in the Company:
- Michael Sanocki: CEO
- Michael Lanyon: Chief Revenue Officer
- Tom Miglis: Board of Directors Member (former CIO of Citadel)
- Headquarters: 1 World Trade Center, Suite 47m, New York, NY 10007, USA
- Number of Employees: No information is available.
- Revenue of the Company: No information is available.
- Known For: RQD Clearing is known for its modern cloud-native technology platform that provides clearing, custody, and execution solutions to the financial industry. It offers services to broker-dealers, fintech companies, retail, institutional clients, and more.
Products
RQD Clearing provides the following solutions:
1. Clearing
- Description: Advanced clearing solutions designed to meet modern market needs.
- Key Features: Scalable, cloud-native technology, real-time enhancements, adaptability to regulatory changes.
2. Custody
- Description: Custody solutions built on a foundation of trust and risk management.
- Key Features: Safeguarding assets with dedication and experience.
3. Execution
- Description: Execution services that provide speed, transparency, and quality.
- Key Features: Real-time technology to complete U.S. equities and options orders efficiently.
4. Platform
- Description: RQD’s platform provides scalable and customizable solutions for clearing and custody.
- Key Features: Cloud-based, frequently enhanced, meets dynamic market needs with flexibility and technology.
Recent Developments
- Strategic Partnerships and Activity:
- September 19, 2024: RQD launched the ability to trade fractional shares, enhancing its product list on the clearing platform.
- April 18, 2024: Partnership with Provable Markets’ Aurora ATS as a participant in DTCC’s NSCC Securities Financing Transaction clearing service.
- December 11, 2023: Appointment of Michael Lanyon as Chief Revenue Officer.
- November 16, 2023: Tom Miglis joined the Board of Directors following Series A funding led by Nyca Partners and ABN AMRO Clearing Investments.
- October 4, 2023: Completion of Series A funding round.
- March 28, 2023: Secured investment from Belvedere Strategic Capital.
- Partnerships with Blue Ocean Technologies (March 2023), Atomic Vaults (September 2022), and Valuable Capital (June 2022) to expand market access and service offerings.
- New Products Launched:
- Fractional Shares: Enabled clients to offer fractional shares in all equity securities listed on US Markets, improving cost efficiency and accessibility for broker-dealers and investment advisors.
- New Features Added:
- Enhanced clearing solutions for securities lending and borrowing services through partnerships with industry-leading platforms.
- New Partnerships:
- Collaborated with several market participants like Provable Markets’ Aurora ATS, Blue Ocean Technologies, and Atomic Vaults to extend capabilities and services in securities lending and afterhours trading.
RQD Clearing continues to enhance its market position by prioritizing technological innovation, strategic partnerships, and leadership enhancements to drive growth and operational efficiency.
