How Do RFQ Platforms Handle Multi-Leg Options Strategies?

RFQ platforms allow institutions to submit a single request for a complex options strategy (e.g. a spread, butterfly, or condor) as a single package. Liquidity providers then quote a net price for the entire strategy, rather than pricing each leg individually.

This ensures the legs are executed simultaneously at the package price, eliminating 'leg risk' (the risk that one leg executes but the others don't).