Can a Single Options Trade Be Executed across Both an RFQ Platform and a CLOB Simultaneously? ⎊ Path

Can a Single Options Trade Be Executed across Both an RFQ Platform and a CLOB Simultaneously?

Typically, a single trade is not executed across both simultaneously, as they are distinct execution venues with different protocols. However, a trader may use a 'smart order router' or an execution algorithm to split a large order, executing a portion on the CLOB for price efficiency and the remainder via an RFQ to secure a large block fill or better pricing for the residual size.

What Is ‘Order Splitting’ and How Does It Mitigate Leakage?

What Is “Price-Time Priority” in the Context of a CLOB?

What Are the Key Differences between an RFQ Platform and a Central Limit Order Book (CLOB)?

How Does an RFQ Platform Differ from a Central Limit Order Book (CLOB)?

How Does an RFQ Model Affect the Transparency of Price Discovery Compared to a CLOB?

What Is the Impact of Latency on Execution Quality in Both CLOB and RFQ Systems?

How Does ‘Market Impact’ Affect the Choice between RFQ and CLOB for a Large Options Order?

What Are the Typical Minimum Order Size Requirements for Institutional Crypto Trading Venues?

Glossar

CLOB

Execution ⎊ Central Limit Order Books (CLOBs) represent the foundational infrastructure for price discovery and trade execution within cryptocurrency exchanges and regulated derivatives markets, functioning as a digitized order book mirroring traditional financial systems.

Rfq Platform

Definition ⎊ Rfq Platform is the dedicated trading technology used by institutional participants to solicit firm, private pricing quotes from multiple liquidity providers simultaneously for large or complex derivative trades.