RQD Clearing, LLC (RQD) – a leading provider of correspondent clearing services – recently announced its Series A financing round, led by Nyca Partners and ABN AMRO Clearing Investments B.V. This strategic funding round will enable RQD to more rapidly expand its service offering, global reach, and onboard larger, more demanding clients.
Since launching in 2021, RQD has experienced substantial growth due to its advanced, cloud-native correspondent clearing platform, which processes billions of dollars of US equity and options trading activity daily. And RQD’s state-of-the-art platform has received praise from its clients for its modern interface, real-time access to data via APIs and webhooks, scalability, and customizability to accommodate varied client needs.
RQD collaborates closely with clients to provide tailored solutions and optimize its services to meet the diversified needs of each institution. And their advanced clearing, custody, and execution solutions enable financial institutions to maintain a competitive edge in today’s fast-paced markets.
KEY QUOTE:
“RQD’s achievements in such a short period of time are very impressive. Clearing is an essential component of every single securities transaction, and while many segments of the investing and trading ecosystem have been transformed by technology, there are no modern, cloud-native, scalable, reliable, and flexible clearing solutions in the market today. RQD will continue to be a compelling platform for broker-dealers, fintechs, and other market participants.”
- Hans Morris, Managing Partner of Nyca Partners
“We are pleased to support RQD in their growth story. RQD is complementary to our own platforms.”
- Jan Bart de Boer, Chief Commercial Officer of ABN AMRO Clearing
“We are thrilled to partner with Nyca Partners and ABN AMRO Clearing. The synergies between our firms and wealth of collective knowledge will be powerful catalysts for taking the business to the next level. This funding enables us to better meet the needs of today’s dynamic market and provide a modern, user-friendly, and seamless experience for our clients.”
- Michael Sanocki, CEO of RQD
