{"id":377,"date":"2021-12-10T15:18:00","date_gmt":"2021-12-10T15:18:00","guid":{"rendered":"https:\/\/rqdclearing.com\/?p=377"},"modified":"2022-06-23T21:10:01","modified_gmt":"2022-06-23T21:10:01","slug":"markets-media-rqd-clearing-cloud","status":"publish","type":"post","link":"https:\/\/rqdclearing.com\/markets-media-rqd-clearing-cloud\/","title":{"rendered":"Markets Media: RQD Aims to Revolutionize Clearing with Cloud"},"content":{"rendered":"\n<p>RQD* Clearing created tens of thousands of fictional accounts and simulated 18 months of business for regulators in order for the cloud-based correspondent clearing provider to officially launch.<\/p>\n\n\n\n<p>Michael Sanocki, chief executive of RQD, said the clearer was spun out of Volant Trading, an established market maker with regulatory approval. However, RQD had to file a continuing membership application with FINRA and also do testing with the DTCC, the US&nbsp;clearing infrastructure.<\/p>\n\n\n\n<p>Sanocki told Markets Media: \u2018That entire process took about a year and part of that was demonstrating the entire system.\u201d<\/p>\n\n\n\n<p>To read the full article, <a href=\"https:\/\/www.marketsmedia.com\/rqd-aims-to-revolutionize-clearing-with-cloud\/\" target=\"_blank\" rel=\"noreferrer noopener\">click here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this Markets Media article, RQD CEO Michael Sanocki explains how we are aiming to revolutionize clearing with cloud native technology.<\/p>\n","protected":false},"author":5,"featured_media":338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[14],"tags":[15,16,17],"class_list":["post-377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-the-news","tag-rqd","tag-rqd-2","tag-rqd-clearing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - 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