RQD* Clearing announced its strategic partnership with Provable Markets’ Aurora ATS and its participation in DTCC’s National Securities Clearing Corporation (NSCC) Securities Financing Transaction (SFT) clearing service. These collaborations enhance RQD* Clearing’s capacity to offer efficient securities lending and borrowing services to its clients, leveraging NSCC’s robust clearing infrastructure, DTC’s settlement functionality and Aurora’s trading and lifecycle automation.
By joining NSCC’s SFT clearing service, RQD* Clearing enhances capital efficiency and reduces credit and operational risk exposure in advance of the move to T+1.
“RQD* Clearing’s participation as a member in NSCC’s SFT clearing service will enable them to extend the benefits of central clearing to their clients,” said John Vinci, managing director and head of Secured Funding and Collateral management at DTCC, in a statement. “As the industry continues to experience growth in SFTs, it is important that this area of the industry also benefits from the risk management and liquidity capabilities that central clearing provides.”
“We are thrilled to welcome RQD* Clearing as a new member of our platform, the Aurora ATS,” said Matt Cohen, CEO of Provable Markets, in a statement. “Their participation further enriches our ecosystem and underscores our commitment to providing innovative solutions to the securities lending market.”
“We are excited to be part of NSCC’s SFT clearing service,” expressed Nicolas Louis, chief operating officer at RQD* Clearing, in a statement. “Our membership in Aurora ATS and active participation in NSCC’s SFT clearing service further solidifies our dedication to delivering state-of-the-art securities lending solutions. Through these partnerships, we enable our clients to benefit from enhanced efficiency, transparency and risk management in their securities financing activities.”