NEW YORK–(BUSINESS WIRE)–RQD* Clearing (RQD), a leading correspondent clearing provider, announced today that it has received approval from the Financial Industry Regulatory Authority (FINRA) to offer portfolio margin for equities and options to its clients and their customers. RQD has joined a select group of firms in the United States approved to offer portfolio margin.
According to Michael Sanocki, CEO of RQD, the approval of RQD’s portfolio margin application was the result of an 18-month effort to develop and refine its house risk model, build out the technology and procedures to support the program, and respond to FINRA’s rigorous questioning. The result is a portfolio margin program that leverages RQD’s real-time technology and advanced risk management capabilities to enable qualified investors to enjoy enhanced leverage and trading capabilities.
“We’re thrilled to be able to offer our clients and their customers the benefits of portfolio margin,” said Michael Sanocki, CEO of RQD. “With our cutting-edge technology, real-time risk management, and commitment to innovation, we’re confident that RQD’s portfolio margin offering will be a game-changer for our clients.”
About RQD Clearing:
RQD is a modern correspondent clearing provider that offers advanced clearing, custody, and execution solutions designed to meet the needs of today’s dynamic market participants. Built entirely on cloud-native, real-time technology, RQD can quickly and seamlessly enhance its platform, adapt to regulatory changes, mitigate emerging cybersecurity threats, and offer a more efficient implementation that scales as clients grow. In addition to portfolio margin, RQD supports U.S. equities, options, ETFs, and other financial instruments, catering to broker-dealers that service retail, institutional, and active traders, foreign financial institutions, and proprietary trading firms.
RQD* Clearing, LLC