Imported from previous forum
Eg is scenario R5 (RFQ - Dealer Priced (On the Wire) – Off the wire - Customer Accept) redundant?
Eg is scenario R5 (RFQ - Dealer Priced (On the Wire) – Off the wire - Customer Accept) redundant?
Yes the distinction is necessary: some execution venues have the concept of on-the-wire vs off-the-wire and this quote state has an impact on the workflow.