Market Maker Quotes

Authorized third-party market makers will be the first group to quote through our RFQ system. Market makers on our platform will compete with each other to give users competitive quotes. There will be more information to come on the specifics of our market-making partners.

BenefitsDrawbacks

Network effects: RFQ systems consolidate market participation into a single venue

Only designated market makers can provide quotes, not just any user

Better prices: RFQs improve the price discovery process, resulting in better prices for options contracts.

RFQ system can depend on the “creditworthiness” of market makers which increases liquidity but comes with default risk that must be managed

Improved Liquidity: RFQs contribute to creating a more liquid market for options contracts.

Many market makers are only willing to quote strikes and expirations in a certain range as well as for just a handful of underlying assets

Fast and Transparent Pricing: RFQs provide quick and transparent access to pricing information, which is essential for informed decision-making.

Last updated