Do RFQ Platforms Provide Traders with Data on the Competitiveness of Their Quotes? ▴ Learn

Do RFQ Platforms Provide Traders with Data on the Competitiveness of Their Quotes?

Yes, many Request for Quote (RFQ) platforms, especially in the derivatives and crypto space, offer post-trade analytics to participants. This data often includes information like the rank of their quote relative to others, the number of times they were the best bid or offer, and the fill rate.

This feedback is crucial for market makers to refine their pricing models and improve execution quality. Such competitiveness data helps traders optimize their liquidity provision strategies.

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