RQD Clearing, a NYC-based provider of correspondent clearing services, raised $10M in Series A funding.
The round was led by Nyca Partners and ABN AMRO Clearing Investments B.V.
The company intends to use the funds to expand its service offering, global reach, and onboard larger clients.
Led by CEO Michael Sanocki, RQD is a correspondent clearing provider that offers clearing, custody, and execution solutions designed to meet the needs of today’s market participants. Built on cloud-native, real-time technology, the company can quickly 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.
FinSMEs
03/10/2023