How Does an RFQ Platform Handle Message Throttling or Rate Limits from Exchanges?

The platform must implement internal queue management and dynamic rate limiters to control the outbound message flow. It tracks the current rate limit usage per exchange and strategically spaces out non-critical messages.

When limits are approached, the system prioritizes critical messages, such as trade executions or risk-reducing cancellations. A smart platform will also dynamically adjust quoting aggressiveness based on available rate limit capacity.