How Can a Trader Mitigate the Risk of 'Last Look' Rejections When Submitting an RFQ? ▴ Learn

How Can a Trader Mitigate the Risk of ‘Last Look’ Rejections When Submitting an RFQ?

A trader can mitigate rejection risk by only sending RFQs to providers known for posting firm quotes or those on platforms that prohibit 'last look'. Additionally, requesting smaller, more manageable sizes can reduce the provider's risk exposure and their incentive to reject.

Maintaining a strong, established trading relationship with the counterparty also helps.

What Is the Difference between ‘Last Look’ and ‘Pre-Trade Credit Check’ in Derivatives Trading?

How Does ‘Last Look’ Affect the Latency Requirements for a Trader on an RFQ Platform?

How Does the Concept of ‘Last Look’ Function in Some Non-Public Trading Venues?

What Is ‘Last Look’ and How Is It Related to the RFQ Trading Model?