“Anfrage,” a German term translating to “request” or “inquiry,” specifically denotes a formal solicitation for information or a price quotation within the advanced crypto financial markets. In the context of institutional trading, it represents the initiation of a structured price discovery process for digital assets or their derivatives, particularly within Request for Quote (RFQ) systems.
Mechanism
Within a crypto RFQ system, an “Anfrage” is structured as a data packet specifying the digital asset, quantity, trade direction (buy/sell), and other relevant execution parameters. This request is securely transmitted by a buy-side institution to selected liquidity providers. The underlying system architecture facilitates the routing, processing, and subsequent return of executable quotes, enabling a bilateral, off-exchange price formation mechanism.
Methodology
The strategic methodology behind issuing an “Anfrage” aims to achieve optimal execution prices and manage market impact, particularly for large block trades in potentially less liquid crypto assets. It relies on soliciting competitive quotes from multiple vetted counterparties simultaneously, leveraging this competition to secure favorable terms. This approach prioritizes controlled information dissemination and minimizes slippage by operating within a secure, often permissioned, trading environment.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
