NEW YORK–(BUSINESS WIRE)–RQD* Clearing (RQD), a cutting-edge correspondent clearing provider, announced today that it has secured a strategic investment from Belvedere Strategic Capital. The investment helps RQD accelerate its growth and further enhance its industry-leading clearing and execution solutions.
“RQD is transforming the correspondent clearing industry with its state-of-the-art platform. We believe that RQD is well-positioned to capture a significant share of the market and we look forward to working with the RQD team to help drive their continued success.”
Belvedere Strategic Capital is known for its deep expertise in the financial markets and its successful track record of investing in innovative fintech companies. Commenting on the investment, Ryan Sullivan, Partner at Belvedere Strategic Capital said: “RQD is transforming the correspondent clearing industry with its state-of-the-art platform. We believe that RQD is well-positioned to capture a significant share of the market and we look forward to working with the RQD team to help drive their continued success.”
Since launching in 2021, RQD has quickly gained momentum, thanks to its proprietary, cloud-native correspondent clearing platform that processes billions of dollars in notional US equity and options trading activity daily. RQD’s modern, real-time platform has earned plaudits from clients, who appreciate its flexibility, cost-effectiveness, and ability to be tailored to their specific business needs.
“Belvedere Strategic Capital shares our vision of modernizing the correspondent clearing industry,” said Michael Sanocki, CEO of RQD. “This investment validates the favorable market response we’ve received, as clients are increasingly looking for an alternative to expensive and inflexible legacy clearing providers.”
RQD has already attracted numerous clients across its clearing and execution business lines and recently received approval from FINRA to offer portfolio margin for equities and options. With Belvedere’s support, RQD is well-positioned to continue its growth trajectory and help shape the future of the correspondent clearing industry.
About RQD Clearing:
RQD is a modern correspondent clearing provider that offers 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 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 securities, catering to broker-dealers that service retail, institutional, and active traders, foreign financial institutions, and proprietary trading firms.
RQD Clearing, LLC