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
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.Subscribe to Weekly Wrap emails