# RQD* Clearing

> RQD* Clearing is a New York-based correspondent clearing firm that provides clearing, custody, and execution services for broker-dealers on a cloud-native, real-time platform. Spun out of options market maker Volant, it self-clears U.S. equities, options, and ETFs, positioning itself as a modern alternative to legacy clearing providers with direct API integration, 24x5 availability, and infrastructure built on Microsoft Azure.

- **Founded:** 2021
- **Headquarters:** New York, New York, United States
- **Founders:** Brian Donnelly (Chairman & Founder)
- **Team size:** ~34 employees (per Apollo data); ~50+ per other trackers
- **Products:** Clearing, Custody, Execution, Securities Financing, Onboarding Automation
- **Notable:** Launched in 2021 and scaled to process billions of dollars of U.S. equity and options trading activity daily., Raised a Series A led by Nyca Partners and ABN AMRO Clearing Investments B.V. in October 2023., Became a self-clearing broker-dealer registered with the SEC, FINRA, and multiple securities exchanges.

## Products & services

- **Clearing** — Next-generation correspondent clearing platform supporting U.S. listed equities, options, and ETFs, built on cloud-native real-time technology with direct API integration for instant trade data processing.
- **Custody** — Custody solutions with security systems purpose-built to meet demanding regulatory requirements, including automated account opening, real-time transfer status, and secure data handling.
- **Execution** — Advanced multi-asset execution including smart order routing, trading algorithms, and ultra-low-latency direct market access (DMA).
- **Securities Financing** — Margin financing, portfolio margin, and securities lending services for broker-dealer clients.
- **Onboarding Automation** — Automated account opening and client onboarding tools that reduce friction for brokers scaling their books.

## Achievements

- Launched in 2021 and scaled to process billions of dollars of U.S. equity and options trading activity daily.
- Raised a Series A led by Nyca Partners and ABN AMRO Clearing Investments B.V. in October 2023.
- Became a self-clearing broker-dealer registered with the SEC, FINRA, and multiple securities exchanges.
- Licensed in 53 U.S. states and territories.
- Built one of the industry's first correspondent clearing platforms entirely on cloud-native, real-time technology.

## Latest updates

- **2023-10** — Announced Series A financing led by Nyca Partners and ABN AMRO Clearing Investments B.V. to expand services, global reach, and onboard larger clients.
- **2021-11** — Publicly launched as a next-generation correspondent clearing provider spun out of options market maker Volant.

## Links

- Website: https://rqdclearing.com
- LinkedIn: https://www.linkedin.com/company/rqd-clearing
- Twitter/X: https://twitter.com/rqdclearing

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Profile page: https://yespress.io/rqd-clearing
Published by YesPress — https://yespress.io
Last updated: 2026-07-18