The Modern Clearing & Trading
Operating System

Enterprise-grade trading platform meets next-generation cloud clearing.
Real- time execution, seamless compliance, extended hours support.

See How It Works

Learn About RQD*

Who Benefits Most

Purpose-built for brokers, RIAs, and fintech firms ready to modernize

Broker-
Dealers

Eliminate legacy clearing complexity. Support retail, institutional, and active traders with unified OMS/EMS + cloud clearing in weeks, not months.

RIAs (SEC-Registered)

Dual-licensed platform supporting both fiduciary and suitability standards. One unified environment. Lower operational overhead. Real-time compliance.

Foreign Institutions

U.S. market access without legacy complexity. API-first architecture. Extended trading hours. Risk controls and reporting built in.

FinTech / New Entrants

Launch trading platforms
in weeks.
Pre-built compliance,
real-time risk,
DMA execution.
Scale as you grow —
no infrastructure lock-in.

ETNA + RQD*: The Power of Integration

What you get when trading platform excellence meets modern clearing

Capability	ETNA Platform	RQD* Clearing
Architecture	Cloud-native OMS/EMS with multi-asset support (stocks, options, fractional shares, mutual funds)	API-first, event-driven clearing platform (no legacy mainframe)
Speed to Market	2-week go-live with proven deployment methodology	API-driven onboarding with parallel certification & phased go-live
Compliance & Risk	Automated FINRA, SEC, CAT, TRACE + PDT rule enforcement	Pre/post-trade checks, configurable credit/limit frameworks, real-time surveillance
Order Management	Advanced OMS with intelligent routing & allocation	Real-time capture of equities & options with intraday amendments via API
Extended Hours	Support for after-hours & overnight trading workflows	NSCC extended clearing hours (Q2 2026+)
Portfolio Management (RIAs)	Automated rebalancing, model portfolios, goal-based investing	Custody data feeds, household hierarchies, flexible fee constructs
Integration & APIs	REST APIs, webhooks, custom workflows, 16x5 support	Open APIs for real-time event streaming into your data lake
Execution Venues	12 clearing & 16 execution venues natively supported	Direct DTCC/OCC integrations, automated breaks management
Security & Uptime	Enterprise security on cloud-native infrastructure	Active/active cloud architecture (Azure), automated failover
Reporting & Audit	Consolidated reporting across custodians & venues	Immutable event logs, end-to-end traceability, books & records

Core Technology Advantages

How ETNA and RQD* uniquely solve modern trading & clearing challenges

Real-Time
Everything

No batch lag. Positions, balances,
margins, and risk exposures update
continuously across trading and
clearing.

Unified Dual-License Support

One platform supporting both RIA fiduciary and BD suitability standards. Independent account controls + blended operations when needed.

Operational Efficiency
(70%+ gains)

Back-office automation reduces manual tasks. Paperless onboarding. Role-based access for ops, advisors, admins.

Compliance
Built-In

Pre/post-trade controls, PDT monitoring, CAT/TRACE automation, configurable rule engine. Audit-ready from day one.

Extended Hours
Readiness

First clearing provider to adopt NSCC extended hours. Support for 23x5 trading workflows with continuous risk visibility.

Elastic Growth Economics

Pricing aligned to your growth.
No lock-in. Modular services.
Adopt what you need,
when you need it.

Key Platform Features

Purpose-built for fast-growing and established firms alike

Multi-Asset Trading

Stocks, fractional shares, options, mutual funds, IPOs, UITs. One interface.
Real-time risk analytics. Advanced
Greeks & simulators for options.

Smart Order Routing

Best execution across multiple venues. Allocation workflows.
Approvals & give-ups/take-ups.
Compliance checks on every order.

Real-Time Reporting

Consolidated dashboards.
Custom compliance validation.
Immutable audit trails.
Drill-down to accounts, orders, allocations.

Back-Office Automation

ACATS/DTCC transfers. DVP/RVP settlement. ACH/wire routing via
partners. Automated breaks
management.

Enterprise Security

Microsoft Azure hosted. Active/active cloud architecture. Automated failover. Immutable event logs. Zero on-premise infrastructure required.

Fast Go-Live

2-week ETNA deployment + phased RQD* rollout = weeks to production, not months. Proven methodology. Dedicated project management.

The Modern Clearing & Trading Operating System

Who Benefits Most

ETNA + RQD*: The Power of Integration

Core Technology Advantages

Key Platform Features

The Modern Clearing & Trading
Operating System