RQD* Clearing begins Series A financing round led by Nyca Partners and ABN AMRO Clearing Investments
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RQD* Clearing begins Series A financing round led by Nyca Partners and ABN AMRO Clearing Investments 04 October 2023US Reporter: Jenna Lomax
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RQD* Clearing, LLC (RQD), is launching a Series A financing round to expand its service offering and global reach.
The funding round will be led by venture capital firm Nyca Partners and ABN AMRO Clearing Investments.
Launched in 2021, RQD provides tailored custody, clearing and execution solutions with real-time access to data via APIs and webhooks.
RQD supports US equities, options, exchange-traded funds and other securities, catering to broker-dealers that service retail, institutional and active traders, foreign financial institutions and proprietary trading firms.
Jan Bart de Boer, chief commercial officer of ABN AMRO Clearing, says: “We are pleased to support RQD in their growth story. RQD is complementary to our own platforms.”
Hans Morris, managing partner of Nyca Partners, comments: “RQD’s achievements in such a short period of time are very impressive. RQD will continue to be a compelling platform for broker-dealers, fintechs and other market participants.”
Michael Sanocki, CEO of RQD, adds: "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."
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