RQD Clearing has launched what it says is the industry’s first correspondent clearing platform built entirely on cloud-native, real-time technology.
Spun out from Volant Trading, RQD supports U.S. equities, options and ETFs, and has three main components – clearing, custody and execution services – all of which are accessible by advanced API. The clearing and custody solutions are fully hosted on Microsoft Azure, eliminating the need for any on-premise infrastructure. Both are highly scalable, offer real-time trade reporting through a web-based GUI and enable automated, paperless account opening.
The colocated trading execution services include smart order routing, an advanced suite of algorithms and ultra-low-latency direct market access (DMA).
Michael Sanocki, CEO of RQD Clearing, said the industry has been waiting for this type of advanced technology.
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