A Manual Workflow in the context of crypto institutional trading, RFQ processes, or broader crypto technology operations describes a sequence of tasks or processes that necessitates direct human intervention, decision-making, or execution at one or more stages. Unlike automated processes, these workflows depend on human operators to initiate, review, approve, or complete specific steps. Its primary purpose is to accommodate complex, non-standardized, or high-value operations where human judgment, discretion, or specific regulatory checks are indispensable, especially in a nascent or evolving digital asset market.
Mechanism
The operational mechanism of a manual workflow typically involves human operators receiving information, performing an action (e.g., verifying a transaction, approving a quote, manually entering data), and then relaying the outcome to the next step or system. This often occurs via specialized user interfaces, email, or direct communication channels. In crypto, manual steps might include verifying counterparty KYC documents for an OTC trade, conducting a qualitative review of a complex options strategy, or manually settling a large block trade that falls outside automated limits.
Methodology
The strategic methodology for managing manual workflows focuses on establishing clear standard operating procedures (SOPs), robust training protocols, and precise audit trails for every human-executed step. While aiming for automation where feasible, this approach acknowledges that certain operations benefit from human oversight for risk management, regulatory compliance, or handling exceptional cases. The goal is to minimize human error through controlled processes and provide a transparent record of all manual interventions, ensuring accountability and security in sensitive crypto operations.
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