While we’re a recent entrant to the clearing space, RQD was spun out of an established market maker with roots in the options markets. That heritage means we have a deep understanding of risk and technology. It also means we are acutely aware of the challenges that broker-dealers face, which is ultimately what led us to solve them with the launch of RQD – an entity solely dedicated to providing next-generation clearing, custody and execution services built for the modern U.S. markets.
Chief Business Development Officer
Patrick Carroll has over 40 years of experience in the capital markets. He was one of the founders and owners of Compass Professional Services, an execution and CMTA clearing provider that was acquired by RQD in 2017. Before that, he spent many years at Cboe, where he held roles ranging from clearing to execution and ultimately rose to VP of Operations.
Brian Donnelly is the Founder and Managing Member of Volant Holding, from which RQD spun out. At RQD, he provides strategic input and oversight. Before launching his own firm, he held various senior roles, founding UBS’ global electronic volatility trading business and co-heading Goldman Sachs’ European options market making division. He began his career as a market maker on the Cboe floor with Hull Trading.