RQD Clearing (RQD), a correspondent clearing provider, has received approval from the Financial Industry Regulatory Authority (FINRA) to offer portfolio margin for equities and options to its clients and their customers.
According to Michael Sanocki, CEO of RQD, the approval of RQD’s portfolio margin application was the result of an 18-month effort to develop and refine its house risk model, build out the technology and procedures to support the program, and respond to FINRA’s rigorous questioning.
The result is a portfolio margin program that leverages RQD’s real-time technology and advanced risk management capabilities to enable qualified investors to enjoy enhanced leverage and trading capabilities.
“We’re thrilled to be able to offer our clients and their customers the benefits of portfolio margin,” said Sanocki.
“With our cutting-edge technology, real-time risk management, and commitment to innovation, we’re confident that RQD’s portfolio margin offering will be a game-changer for our clients,” he added.
