The startup offers a clearing, custody, and execution platform that provides scalable and customizable services through direct API integration for real-time trade data processing. This enables broker-dealers, institutional traders, and foreign financial institutions to efficiently comply with stringent regulatory requirements.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
AANPFounders
Product
Problem
Legacy clearing and custody solutions often rely on outdated systems, leading to inefficiencies, increased risks, and higher costs for broker-dealers and financial institutions. These outdated systems struggle to meet the demands of modern trading and regulatory requirements.
Solution
RQD Clearing provides a cloud-based platform that delivers real-time clearing, custody, and execution services through direct API integration. This modern technology stack eliminates on-premise infrastructure, enabling scalable and customizable solutions for processing trade data and delivering best-in-class experiences. RQD's platform offers automated account opening, simplified ACATS transfers, and comprehensive reporting, all designed to streamline operations and reduce integration complexities. By leveraging Microsoft Azure, RQD ensures data security, redundancy, and minimal downtime, providing a secure and efficient environment for securities processing.
Target Audience
RQD Clearing primarily serves U.S. broker-dealers across various focus areas, including retail, equity and option routing and execution, institutional trading, and active trading, as well as worldwide market participants such as registered foreign financial institutions and global trading firms.
Features
- Cloud-native platform hosted on Microsoft Azure for enhanced scalability and security
- Real-time data processing and API integration for seamless connectivity
- Automated, paperless account opening with instant funding via ACH or wire
- Simplified ACATS transfers with real-time status updates via API
- Comprehensive reporting with real-time access to statements and confirmations via API
- Flexible clearing solutions supporting U.S. listed equities, options, and ETFs
- Robust security center with real-time vulnerability detection and mitigation
- Securities lending business providing access to competitive rates and a deep inventory of locates
- Margin financing with competitive rates and real-time risk and margin updates
- Multi-asset execution capabilities including smart order routing, algorithms, and ultra-low latency DMA