Request-for-Quote (RFQ)
A request-for-quote (RFQ) is a first step in certain financial transactions.
A request-for-quote (RFQ) is a first step in certain financial transactions. A potential trader will submit an RFQ to a dealer that indicates an asset, quantity, and direction. The dealer will then tell the requester how much it would cost them to execute that order.
RFQs are generally only valid for a matter of seconds. More volatile assets will generally have a shorter time period of validity. If a trader accepts the RFQ then they will lock in that order with the dealer.
Sometimes the order is settled instantly, although many dealers will allow for settlement to occur at a later date.
Request-for-Quote (RFQ) is a concept relevant to Bitcoin, finance, or blockchain technology that investors should understand. Onramp's comprehensive Bitcoin glossary provides clear explanations of Request-for-Quote (RFQ) and hundreds of other terms to support informed investment decisions.
Frequently Asked Questions
What is Request-for-Quote (RFQ)?
Request-for-Quote (RFQ) is a term used in Bitcoin, finance, or blockchain technology. Understanding Request-for-Quote (RFQ) helps investors and enthusiasts build a stronger foundation of knowledge about digital assets and financial markets.
Why is Request-for-Quote (RFQ) important?
Request-for-Quote (RFQ) is relevant to understanding how Bitcoin, financial markets, or blockchain technology operates. Knowledge of such concepts helps investors make better-informed decisions about their portfolios.
Where can investors learn more about Request-for-Quote (RFQ)?
Onramp's Bitcoin glossary offers detailed, accessible explanations of Request-for-Quote (RFQ) and over 500 other terms related to Bitcoin, finance, and blockchain technology for investors at all experience levels.
