Tradeweb Adds FlexRFQ Functionality

FlexRFQ allows users to approach more traders without shutting down their initial inquiry

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Rupert Warmington

Traditionally, in times of illiquidity in the market, buy-side players request quotes from six counterparties, in order to contain the information leakage and spread it to the entire market. If their inquiries don't meet their target, they start over with a new inquiry, searching for additional market-makers.

FlexRFQ allows them to search for additional quotes without having to restart the original inquiry. "This functionality follows the traditional framework of sending a trade inquiry to six m