Lowenstein Sandler represented RQD* Clearing, a New York City-based provider of correspondent clearing services, in its Series A financing round, led by Nyca Partners and ABN AMRO Clearing Investments B.V. This strategic investment will allow RQD to more rapidly expand its service offering, global reach, and onboard larger, more demanding clients.

Since its launch in 2021, RQD has experienced substantial growth, thanks to its advanced, cloud-native correspondent clearing platform which processes billions of dollars of US equity and options trading activity daily. RQD’s state-of-the-art platform has received praise from its clients for its modern interface, real-time access to data via APIs and webhooks, scalability, and customizability to accommodate varied client needs.

RQD collaborates closely with clients to provide tailored solutions, optimizing its services to meet the diversified needs of each institution. Their advanced clearing, custody, and execution solutions enable financial institutions to maintain a competitive edge in today’s fast-paced markets.

The Lowenstein deal team included Chandra K. Shih, Frank W. Eucalitto, Claire Dronzek, Edward Zimmerman, Brendan J. Koeth, Ethan L. Silver, Brian A. Silikovitz, Oluwaseyi O. Amorin, and Eric Sands.