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.
Alpaca is a developer-first brokerage infrastructure company providing APIs and a self-clearing custody platform that lets fintechs, banks and trading apps embed access to US stocks, options, crypto and fixed income for customers in 40+ countries. Often called the AWS of finance, it powers more than 300 financial institutions and millions of brokerage accounts globally.