What Is the Significance of Message Sequencing and Acknowledgment in Reliable RFQ Execution?

Message sequencing ensures that orders, modifications, and cancellations are processed by the exchange in the exact order they were sent. Acknowledgment confirms that the exchange received and processed the message.

This is critical to prevent race conditions, duplicate orders, or missing updates, which can lead to unintended position exposure. Reliable sequencing is the foundation of a consistent and trustworthy execution workflow.