wpengine, Author at RQD*

RQD* Clearing Appoints Former Apex Clearing Global Head of Sales, Michael Lanyon, as Chief Revenue Officer

wpengine — Mon, 11 Dec 2023 20:28:53 +0000

NEW YORK–(BUSINESS WIRE)–RQD* Clearing, LLC (RQD), a leading correspondent clearing and custody firm, today announced the appointment of Michael Lanyon as Chief Revenue Officer. Mr. Lanyon joins RQD with a wealth of experience, having previously served as the Global Head of Sales at Apex Clearing, a division of Apex Fintech Solutions.

“I’m excited to join the RQD team at this crucial point in its growth”

With two decades of experience, Mr. Lanyon is known for his ability to build strategic partnerships in this space. His track record of growing sales teams, driving high-touch sales, and relationship management makes him an asset to RQD’s management team.

Michael Sanocki, CEO of RQD, commented, “Michael’s ability to drive results and his commitment to fostering lasting client relationships makes him a key addition to the RQD team. In an industry where trust is paramount, Michael’s transparent, reliable, and client-centric focus sets him apart from others. His dedication to understanding the unique needs of each client coupled with RQD’s modern tech stack and ability to build bespoke solutions will usher in a level of service not seen elsewhere in the clearing industry.”

“I’m excited to join the RQD team at this crucial point in its growth,” said Mr. Lanyon. “My whole career has been about partnering with financial services companies in innovative ways to create successful growth and outcomes. When meeting the RQD management team and seeing the next generation clearing platform they have built, it was an opportunity I could not pass up. I am very excited to help grow their clearing platform in the brokerage and fintech communities.”

As RQD’s new Chief Revenue Officer, Mr. Lanyon’s leadership will reinforce RQD’s commitment to excellence, innovation, and client satisfaction. Mr. Lanyon’s appointment underscores RQD’s dedication to assembling a team of industry leaders who will play a pivotal role in shaping the future of financial infrastructure for established broker dealers and growing fintechs.

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 and fintechs that service retail, institutional, and active traders, foreign financial institutions, and proprietary trading firms.

To learn more about RQD’s clearing and custody solutions, please visit www.rqdclearing.com or contact us at sales@rqdclearing.com.

Media
Victoria Kwiatkowski
RQD Clearing, LLC
media@rqdclearing.com

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RQD* Clearing Welcomes Belvedere as a Strategic Investor

wpengine — Tue, 28 Mar 2023 14:51:39 +0000

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.

To learn more about RQD’s cutting-edge solutions and portfolio margin offering, please visit www.rqdclearing.com or contact us at sales@rqdclearing.com.

Media Contact
Victoria Kwiatkowski
RQD Clearing, LLC
media@rqdclearing.com

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RQD Partners With Blue Ocean Technologies for Clearing Services

wpengine — Tue, 21 Mar 2023 18:21:29 +0000

NEW YORK–(BUSINESS WIRE)–RQD* Clearing (RQD), a next-generation correspondent clearing provider, announced today that it has teamed up with Blue Ocean Technologies (BOT), a unique capital markets fintech leader specializing in global afterhours trading from 8:00 pm to 4:00 am ET. The partnership leverages RQD’s cutting-edge back office clearing infrastructure by introducing real time overnight trade capture, and straight through processing of clearance for Blue Ocean ATS’s overnight session. The transition to RQD became effective on March 1^st, 2023.

“BOT’s successful launch is a testament to the power of collaboration between fintechs and the potential to drive meaningful change in the industry.”

Brian Hyndman, President and CEO of Blue Ocean Technologies and Blue Ocean ATS, stated, “We are delighted to be partnering with RQD for our back office clearing needs. RQD is one of the leading innovators in the clearing infrastructure space and shares Blue Ocean’s mission of providing efficiencies and next generation opportunities. We are excited to be working with a team of market structure and global fintech professionals that understand the importance of customer service,” he added.

Michael Sanocki, CEO of RQD said “We are excited to partner with another fintech that is disrupting traditional finance. BOT’s mission to transform global trading was a perfect fit for our flexible platform, which we tailored to support BOT in a way clearing firms wedded to legacy vendor technology could not. With our unique test environment, we were able to conduct end-to-end testing with BOT production trades before going live ensuring a seamless transition, in less than a month, from their former clearing firm.”

RQD works with each of its clients in a highly customized manner, optimizing its approach based on the diversified requirements of each institution. RQD’s collective market knowledge and experience allows it to work closely with clients, providing guidance and know-how in areas others do not.

Sanocki added, “BOT’s successful launch is a testament to the power of collaboration between fintechs and the potential to drive meaningful change in the industry.”

RQD* Clearing, LLC is registered with the SEC, is a member of FINRA, OCC, DTC and NSCC and has exchange memberships at all major U.S. equities and options market centers.

About Blue Ocean Technologies:

Blue Ocean Technologies, LLC is a unique capital markets fintech company empowering global investors by making trading possible during US overnight trading hours. Blue Ocean ATS, LLC, and its trading system Blue Ocean Alternative Trading System (BOATS), currently trade US National Market System (NMS) stocks from 8:00 pm to 4:00 am ET from Sunday – Thursday. Founded in 2019, Blue Ocean ATS is on a mission to transform US trading to Global trading via its flagship service, Blue Ocean Session, providing access and transparency to subscribers in all time zones during non-traditional US market hours. For more information, visit www.blueocean-tech.io or contact us at sales@blueoceanats.com.

About RQD Clearing:

RQD Clearing is a modern correspondent clearing provider, offering 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. Supporting U.S. equities, options, ETFs, and portfolio margin, RQD caters to broker-dealers that service retail, institutional, and active traders, foreign financial institutions and proprietary trading firms. To learn more about RQD’s cutting edge solution, visit www.rqdclearing.com or contact us at sales@rqdclearing.com.

Media Contact
Victoria Kwiatkowski
RQD Clearing, LLC
media@rqdclearing.com

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RQD* Clearing Receives Approval to Offer Portfolio Margin to its Clients

wpengine — Wed, 15 Mar 2023 18:59:16 +0000

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.

To learn more about RQD’s cutting-edge solutions and portfolio margin offering, please visit www.rqdclearing.com or contact us at sales@rqdclearing.com.

Media Contact
Victoria Kwiatkowski
RQD* Clearing, LLC
media@rqdclearing.com

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RQD* Clearing Partners with Atomic Vaults to Democratize Options Trading

wpengine — Wed, 14 Sep 2022 08:00:00 +0000

RQD provides technology infrastructure to enable unprecedented access to options market

New York — September 14 2022 — RQD* Clearing (“RQD”), a next-generation correspondent clearing provider, today announced that it has partnered with Atomic Vaults, a soon-to-launch retail trading technology platform backed by Founders Fund. By leveraging RQD’s cloud-native technology stack to support clearing, settlement and asset servicing, Atomic Vaults aims to open access to the US listed-options market and provide precision and flexibility never previously available to retail investors.

“We founded Atomic Vaults because we realized that Wall Street hedge funds have access to strategies and products out of reach from the average pocket-size,” said Ming Zhao, founder of Atomic Vaults. “We quickly realized our solution required a complex custom build under-the-hood and that we needed a nimble partner willing to build unconventionally with us. We spoke with many clearing firms but RQD was the only one with both the innovative mindset we were searching for and technical capabilities to enable our product team to sleep easy at night. We’re psyched to be building Retail Trading 2.0 together.”

RQD’s modern technology stack was built for flexibility, allowing it to support the first-of-its-kind capabilities Atomic Vaults is bringing to market. The RQD API was enhanced to support bespoke trading strategies, which enables Atomic Vaults to leverage everything from RQD’s real-time interface to its books and records. RQD also offers the specific compliance, clearing capabilities and expertise needed for the game-changing Atomic Vault initiative.

“RQD prides itself in bringing modern technologies to the clearing space. We are proud to offer our expertise to firms at all stages of their life cycle, especially startups whose mission is to disrupt their segment of the industry,” said Jon Fowler, Chief Technology Officer of RQD. “We are thrilled by our new partnership with Atomic Vaults, and we look forward to supporting them in their commitment to open the options market to retail investors who may otherwise not be able to participate. While this first step is exciting, the potential for more is what we’re really looking forward to.”

Currently in process with FINRA to gain registered broker/dealer status, Atomic Vaults is anticipating launch in Q4 2022.

“Many traders today actually started trading crypto first and when they came to traditional markets – or TradFi – they were shocked by all the things they couldn’t do by comparison,” said Zhao. “RQD and Atomic Vaults are here to change TradFi.”

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About RQD* Clearing

RQD* Clearing is a next-generation correspondent clearing provider, providing advanced clearing, custody, and execution solutions built for the modern markets. With the industry’s first and only solution built entirely on cloud-native, real-time technology, the firm can quickly and seamlessly enhance the platform, mitigate emerging cybersecurity threats and offer a more efficient implementation that scales as clients grow. Supporting U.S. equities, options, and ETFs, RQD caters to broker-dealers that service retail, institutional and active traders, foreign financial institutions, and proprietary trading firms. For more information, visit www.rqdclearing.com.

Media Contact

Jed Hamilton

Forefront Communications Group, Inc.

jhamilton@forefrontcomms.com

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