Imported from previous forum
Should we add a scenario for RFQ where Execution Venue responds to Dealer quotes with quotes from resting bid/offer, according to SEF regulations?
Should we add a scenario for RFQ where Execution Venue responds to Dealer quotes with quotes from resting bid/offer, according to SEF regulations?
If this will be a component of SEF, it would be worthwhile to include this; yes.
This is a current requirement of the regulations for CFTC regulated SWAPS for SEFs…
Yes - without it people could legitimately question this document’s position as the industry standard API.
Should we add a scenario for RFQ where Execution Venue responds to Dealer quotes with quotes from resting bid/offer, according to SEF regulations?
This related to the protocol between customer and execution venue which is out of scope for this iteration of the best practices.