A technological platform enabling market participants to solicit competitive price quotes for specific assets or financial instruments from multiple liquidity providers. In the crypto institutional trading landscape, these systems facilitate over-the-counter (OTC) and block trading for digital assets and derivatives.
Mechanism
A user submits a request for a two-sided price (bid and offer) for a specified quantity of an asset to a select group of dealers or market makers. These liquidity providers respond with firm, executable prices within a designated timeframe, allowing the requester to choose the most advantageous quote for execution.
Methodology
This system enhances price discovery and execution efficiency by fostering competition among liquidity providers while maintaining transactional privacy for large orders. It streamlines the negotiation process, reduces market impact, and provides a documented audit trail for compliance. This serves as a critical component in structured institutional crypto trading workflows.
>
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.
