Request for Quote Functionality definition
Request for Quote Functionality means a functionality of the SEF Platform that allows a Requesting Participant to send an RFQ to buy or sell a Swap to any Participant, to which all such Participants may respond with a firm or indicative quote. An RFQ can be sent as a request for quote or as a request for streaming quote. All RFQs and responses to RFQs will disclose the name of the Person with which the Authorized Trader who placed an Order or sent an RFQ is associated in BSEF records. The Requesting Participant may accept a firm response to a request for quote from a recipient Participant. For requests for non-streaming quotes in credit default swaps, the Requesting Participant’s Order may be filled at the price the Requesting Participant accepted or at the subsequent price from the same recipient Participant if the subsequent price is more favorable to the Requesting Participant compared to responses to such request for quote from other recipient Participants received by the Requesting Participant during the same request for quote session.
Request for Quote Functionality means RFQT or RFQS. All RFQs and responses to RFQs will disclose the name of the Person with which the Authorized Trader who placed an Order or sent an RFQ is associated with in BSEF’s records.
Request for Quote Functionality means a functionality of the SEF Platform that allows a Requesting Participant to send an RFQ to buy or sell a Swap to any Participant, to which all such Participants may respond with a firm or indicative quote. An RFQ can be sent as a request for quote or as a request for streaming quote. All RFQs and responses to RFQs will disclose the name of the Person with which the Authorized Trader who placed an Order or sent an RFQ is associated in BSEF records. “Requesting Participant” means a Participant initiating an RFQ.
More Definitions of Request for Quote Functionality
Request for Quote Functionality means a functionality of the SEF Platform that allows a Requesting Participant to send an RFQ to buy and/or sell a Swap to any Participant, to which all such Participants may respond with a firm or indicative quote. An RFQ can be sent as a request for quote or as a request for streaming quote. All RFQs and responses to RFQs will disclose the name of the Person with which the Authorized Trader who placed an Order or sent an RFQ is associated in BSEF records. The Requesting Participant may accept a firm or indicative response to a request for quote from a recipient Participant. With respect to foreign exchange Swaps and precious metal Swaps, in the event that any responding recipient Participant updates its response to an RFQ (“Revised Price”) prior to or when a Requesting Participant accepts a firm or indicative response to an RFQ, then the Requesting Participant’s Order will be executed at such Revised Price, rather than the price which the Requesting Participant initially accepted.
Request for Quote Functionality means a functionality of the SEF Platform that allows a Requesting Participant to send an RFQ to buy or sell a Swap to any Participant, to which all such Participants may respond with a firm or indicative quote. An RFQ can be sent as a request for quote or as a request for streaming quote. All RFQs and responses to RFQs will