# How Institutions Use RFQ to Achieve Zero-Slippage Crypto Options Trading ▴ Guide

**Published:** 2025-08-08
**Categories:** Guide

---

![Abstract visualization of an institutional-grade digital asset derivatives execution engine. Its segmented core and reflective arcs depict advanced RFQ protocols, real-time price discovery, and dynamic market microstructure, optimizing high-fidelity execution and capital efficiency for block trades within a Principal's framework](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-engine-interface.jpg)

![A precision optical system with a teal-hued lens and integrated control module symbolizes institutional-grade digital asset derivatives infrastructure. It facilitates RFQ protocols for high-fidelity execution, price discovery within market microstructure, algorithmic liquidity provision, and portfolio margin optimization via Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/08/principal-grade-digital-asset-derivatives-rfq-optics-for-high-fidelity-execution-and-optimized-liquidity.jpg)

## The System for Precision Execution

Executing substantial [crypto options](https://prime.greeks.live/area/crypto-options/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) trades in public markets presents a significant challenge. The very act of placing a large order can trigger adverse price movements before the trade is complete, an effect known as slippage. This phenomenon erodes profits and introduces execution uncertainty. For institutional traders and high-net-worth individuals, who operate at a scale where even minor price deviations have considerable financial consequences, managing this risk is a primary operational concern.

The fragmentation of liquidity across numerous exchanges further complicates the landscape, making it difficult to source the necessary depth to fill large orders without impacting the market price. A different methodology is required to navigate these conditions effectively.

A Request for Quote (RFQ) system provides a direct and private mechanism for this purpose. It is a communications framework where a trader can solicit competitive, executable prices from a select group of professional [market makers](https://prime.greeks.live/area/market-makers/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) and [liquidity providers](https://prime.greeks.live/area/liquidity-providers/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). This process occurs off the main order book, ensuring that the trader’s intention to transact a large volume remains confidential. By directly engaging with multiple liquidity sources simultaneously, a trader can receive firm quotes tailored to their specific order size.

This direct negotiation facilitates price certainty and significantly mitigates the risk of slippage, as the price is agreed upon before the trade is publicly recorded. The operational advantage is clear ▴ it transforms trade execution from a reactive market-taking activity into a proactive price-setting one.

The core function of an RFQ is to command liquidity on demand. In volatile or less liquid segments of the crypto options market, where order book depth may be insufficient, the [RFQ system](https://prime.greeks.live/area/rfq-system/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) becomes an essential instrument for efficient execution. It allows traders to access pools of liquidity that are not visible on public exchanges. This is particularly valuable for complex, multi-leg options strategies, where the simultaneous execution of all parts of the trade at a favorable price is vital for the strategy’s success.

Consolidating the execution of multiple legs into a single RFQ transaction eliminates the leg risk, which is the danger of one part of the trade executing while the price of another part moves adversely. The system calculates a single, optimized price for the entire strategy, delivering a superior result compared to executing each leg individually in the open market.

> Institutional accumulation of Bitcoin through Over-the-Counter (OTC) desks, a form of RFQ, can reduce the asset’s circulating supply, a factor that may contribute to price stabilization and influence long-term market dynamics.

This disciplined process provides a structural defense against common market frictions. RFQ orders are designed to be private agreements between the trader and the liquidity provider, a feature that shields the transaction from predatory trading strategies like front-running or MEV (Maximal Extractable Value) attacks prevalent in decentralized finance. Because the price is locked in via a direct quote, there is no opportunity for bots to intercept the trade and manipulate the execution price.

This guarantees price certainty, ensuring the price quoted is the price executed. For institutional operators, this level of control and predictability is not a luxury; it is a fundamental component of a professional trading apparatus.

![A central glowing blue mechanism with a precision reticle is encased by dark metallic panels. This symbolizes an institutional-grade Principal's operational framework for high-fidelity execution of digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/precision-core-enabling-institutional-digital-asset-derivatives-rfq-execution.jpg)

![A precision-engineered, multi-layered mechanism symbolizing a robust RFQ protocol engine for institutional digital asset derivatives. Its components represent aggregated liquidity, atomic settlement, and high-fidelity execution within a sophisticated market microstructure, enabling efficient price discovery and optimal capital efficiency for block trades](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-rfq-protocol-engine.jpg)

## The Framework for Strategic Deployment

Adopting an RFQ methodology is a strategic decision to prioritize execution quality and cost efficiency. For investors managing significant capital, the cumulative impact of slippage can represent a substantial drag on portfolio performance. The RFQ framework provides the means to systematically reduce these transaction costs, directly enhancing the profitability of trading operations.

It is a shift toward an industrial-grade approach to market engagement, where every basis point of execution improvement contributes to the bottom line. This section details the practical application of RFQ for specific, high-value trading strategies, moving from concept to actionable deployment.

![Two sleek, abstract forms, one dark, one light, are precisely stacked, symbolizing a multi-layered institutional trading system. This embodies sophisticated RFQ protocols, high-fidelity execution, and optimal liquidity aggregation for digital asset derivatives, ensuring robust market microstructure and capital efficiency within a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/institutional-grade-digital-asset-derivatives-platform-architecture-high-fidelity-execution-protocols-and-liquidity-aggregation.jpg)

## Executing High-Volume Single-Leg Positions

The most direct application of RFQ is for the execution of large block trades in single-leg options, such as buying a substantial number of Bitcoin or Ethereum calls or puts. Attempting to fill such an order on a public exchange would almost certainly alert other market participants and cause the price to move away from the trader. The RFQ process circumvents this entirely. A trader can anonymously request quotes from multiple market makers for the full size of the intended trade.

The competitive nature of the quoting process, where multiple dealers bid for the order, helps to secure a price at or near the prevailing mid-market rate, effectively achieving zero slippage. This is the foundational use case, transforming a high-risk open market operation into a controlled, private transaction.

![A precision-engineered blue mechanism, symbolizing a high-fidelity execution engine, emerges from a rounded, light-colored liquidity pool component, encased within a sleek teal institutional-grade shell. This represents a Principal's operational framework for digital asset derivatives, demonstrating algorithmic trading logic and smart order routing for block trades via RFQ protocols, ensuring atomic settlement](https://options.greeks.live/wp-content/uploads/2025/07/institutional-crypto-derivatives-os-core-algorithmic-execution-engine.jpg)

## Engineering Complex Multi-Leg Option Structures

The true strategic power of RFQ becomes apparent when executing complex, multi-leg options strategies. These structures, which involve the simultaneous buying and selling of two or more different options contracts, are fundamental to sophisticated [risk management](https://prime.greeks.live/area/risk-management/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) and speculative positioning. Executing them perfectly is paramount.

The RFQ system allows these strategies to be quoted and executed as a single, atomic transaction, eliminating the execution risk associated with placing multiple individual orders. This ensures the intended structure is established at a single, known net price.

![A multi-faceted algorithmic execution engine, reflective with teal components, navigates a cratered market microstructure. It embodies a Principal's operational framework for high-fidelity execution of digital asset derivatives, optimizing capital efficiency, best execution via RFQ protocols in a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/advanced-rfq-protocol-engine-for-institutional-digital-asset-derivatives.jpg)

## Constructing a Zero-Cost Collar for Strategic Hedging

A primary example is the [protective collar](https://prime.greeks.live/area/protective-collar/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite), a strategy used to hedge a long position in an underlying asset like Bitcoin. This involves buying a protective put option and simultaneously selling a call option. The premium received from selling the call is used to finance the purchase of the put. An RFQ system is the ideal venue for this.

The trader can request a quote for the entire collar structure, specifying the desired strike prices. Market makers will provide a single net price for the package, often structured to be “zero-cost,” where the premium from the call perfectly offsets the cost of the put. This provides a precise, cost-effective hedge against downside risk.

![A precise optical sensor within an institutional-grade execution management system, representing a Prime RFQ intelligence layer. This enables high-fidelity execution and price discovery for digital asset derivatives via RFQ protocols, ensuring atomic settlement within market microstructure](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-high-fidelity-institutional-digital-asset-rfq-execution-system-lens.jpg)

## Deploying Volatility and Directional Spreads

Vertical spreads, such as bull call spreads or bear put spreads, are another common strategy perfectly suited for RFQ execution. A bull call spread, for instance, involves buying a call option at a lower strike price and selling another call at a higher strike price with the same expiration. This defines a clear risk-reward profile.

Submitting the entire spread as a single RFQ ensures that the trader achieves the desired net debit or credit for the position without the risk of the price moving between the execution of the two legs. The same principle applies to more complex volatility trades like straddles (buying a call and a put at the same strike) or strangles (buying a call and a put at different strikes), where capturing a specific price on the combined structure is the entire point of the trade.

The following table outlines several key multi-leg strategies and illustrates how the RFQ process provides a superior execution pathway compared to public order books.

| Strategy | Components | Objective | RFQ Execution Advantage |
| --- | --- | --- | --- |
| Bull Call Spread | Buy Lower Strike Call, Sell Higher Strike Call | Capture upside with limited risk and cost | Guarantees the net debit of the spread as a single price. |
| Bear Put Spread | Buy Higher Strike Put, Sell Lower Strike Put | Profit from downside movement with defined risk | Locks in the net debit for the entire position atomically. |
| Protective Collar | Hold Asset, Buy OTM Put, Sell OTM Call | Hedge downside risk at a low or zero net cost | Ensures the net cost of the hedge is known and fixed upfront. |
| Straddle | Buy ATM Call, Buy ATM Put | Profit from a large price move in either direction | Eliminates risk of price change between buying the call and put. |
| Iron Condor | Sell OTM Put, Buy Further OTM Put, Sell OTM Call, Buy Further OTM Call | Profit from low volatility in a range-bound market | Executes all four legs simultaneously at a guaranteed net credit. |

![A sleek, metallic, X-shaped object with a central circular core floats above mountains at dusk. It signifies an institutional-grade Prime RFQ for digital asset derivatives, enabling high-fidelity execution via RFQ protocols, optimizing price discovery and capital efficiency across dark pools for best execution](https://options.greeks.live/wp-content/uploads/2025/07/advanced-principal-rfq-protocol-architecture-for-institutional-digital-asset-derivatives-optimal-price-discovery-and-execution.jpg)

![A polished sphere with metallic rings on a reflective dark surface embodies a complex Digital Asset Derivative or Multi-Leg Spread. Layered dark discs behind signify underlying Volatility Surface data and Dark Pool liquidity, representing High-Fidelity Execution and Portfolio Margin capabilities within an Institutional Grade Prime Brokerage framework](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-rfq-block-trade-liquidity-execution-microstructure-analytics.jpg)

## The Path to Systemic Market Mastery

Mastering the RFQ system is an entry point into a more sophisticated and professional mode of market operation. It is a foundational skill that, once integrated, opens pathways to more advanced portfolio-level strategies. The ability to reliably and efficiently execute large and complex trades is a prerequisite for deploying capital at an institutional scale.

This capability allows a trader or fund to move beyond simple directional bets and begin to engineer return streams based on a deeper understanding of market structure, volatility, and liquidity dynamics. The focus shifts from executing individual trades to managing a holistic portfolio of strategic positions.

![An intricate mechanical assembly reveals the market microstructure of an institutional-grade RFQ protocol engine. It visualizes high-fidelity execution for digital asset derivatives block trades, managing counterparty risk and multi-leg spread strategies within a liquidity pool, embodying a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-engine-architecture.jpg)

## Advanced Liquidity and Risk Management

For a portfolio manager, RFQ becomes a primary tool for dynamic risk management. Imagine a fund needs to adjust its aggregate delta exposure in response to new market information. Using RFQ, the manager can execute a [complex multi-leg options](https://prime.greeks.live/guide/mastering-multi-leg-options-spreads-by-eliminating-leg-risk-with-rfq/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) structure across their entire book in a single, swift transaction to achieve the desired new risk profile.

This provides a level of agility and precision that is simply unattainable through piecemeal execution on public exchanges. It allows for the active and efficient management of portfolio-level Greeks, transforming risk management from a defensive necessity into an offensive, alpha-generating activity.

> By consolidating multiple legs of a strategy into a single order, traders can minimize risks from price fluctuations during execution, a critical advantage in volatile market conditions.

Furthermore, sophisticated institutions utilize RFQ systems to programmatically sweep liquidity from a network of dealers. They can integrate RFQ access into their own proprietary trading algorithms, allowing an AI-driven system to automatically source the best price for a given block trade from a pool of competitive market makers. This represents the industrialization of the execution process, where technology is leveraged to ensure [best execution](https://prime.greeks.live/area/best-execution/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) on a systematic and ongoing basis. This is the frontier of [institutional trading](https://prime.greeks.live/area/institutional-trading/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite), where the edge is found in the efficiency and intelligence of the underlying trading infrastructure.

![This visual represents an advanced Principal's operational framework for institutional digital asset derivatives. A foundational liquidity pool seamlessly integrates dark pool capabilities for block trades](https://options.greeks.live/wp-content/uploads/2025/07/principal-crypto-derivatives-os-rfq-execution-microstructure.jpg)

## Unlocking New Strategic Frontiers

A deep familiarity with RFQ systems also unlocks access to more esoteric and customized derivatives products. Many OTC desks, which operate on an RFQ basis, can create bespoke options structures tailored to a client’s specific market view or hedging need. This could include options with non-standard expiration dates, exotic payoffs, or trades based on the volatility spread between different assets.

This is a world of financial engineering that is inaccessible to those who are confined to the standardized products listed on public exchanges. It allows for the expression of highly nuanced market theses that cannot be captured with conventional instruments.

Ultimately, the consistent use of RFQ instills a professional discipline. It forces a trader to be precise about their desired entry and exit points and to think in terms of net pricing for complex strategies. This process-oriented mindset is the hallmark of a successful institutional operator. The journey begins with using RFQ to eliminate slippage on a single trade.

It progresses to using it to execute complex strategies with precision. It culminates in integrating it as the central execution hub for a dynamic, professionally managed portfolio. This is the path from being a participant in the market to becoming a commander of it.

![A precisely balanced transparent sphere, representing an atomic settlement or digital asset derivative, rests on a blue cross-structure symbolizing a robust RFQ protocol or execution management system. This setup is anchored to a textured, curved surface, depicting underlying market microstructure or institutional-grade infrastructure, enabling high-fidelity execution, optimized price discovery, and capital efficiency](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-engineered-rfq-block-trade-execution-for-digital-asset-derivatives.jpg)

## The Discipline of Superior Outcomes

The transition to a Request for Quote system is a declaration of intent. It signals a commitment to precision, efficiency, and the systematic pursuit of superior financial results. The principles of securing firm pricing, ensuring execution certainty, and minimizing market impact are the building blocks of a professional trading operation. By internalizing this methodology, a trader gains more than just a tool; they adopt a framework for engaging with the market on their own terms.

The capacity to command liquidity privately and execute complex strategies flawlessly provides a durable strategic advantage. This advantage, compounded over time, is what separates consistent profitability from random chance. The knowledge presented here is the foundation for that transformation, offering a clear view into the mechanics of institutional-grade performance and the discipline required to achieve it.

![A sophisticated dark-hued institutional-grade digital asset derivatives platform interface, featuring a glowing aperture symbolizing active RFQ price discovery and high-fidelity execution. The integrated intelligence layer facilitates atomic settlement and multi-leg spread processing, optimizing market microstructure for prime brokerage operations and capital efficiency](https://options.greeks.live/wp-content/uploads/2025/07/institutional-crypto-derivatives-rfq-engine-intelligence-layer.jpg)

## Glossary

<a href="https://prime.greeks.live/area/crypto-options/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A metallic, reflective disc, symbolizing a digital asset derivative or tokenized contract, rests on an intricate Principal's operational framework. This visualizes the market microstructure for high-fidelity execution of institutional digital assets, emphasizing RFQ protocol precision, atomic settlement, and capital efficiency](https://options.greeks.live/wp-content/uploads/2025/08/high-fidelity-digital-asset-derivatives-rfq-protocol-system-infrastructure.jpg)

## Crypto Options

Meaning ▴ Crypto Options are derivative financial instruments granting the holder the right, but not the obligation, to buy or sell a specified underlying digital asset at a predetermined strike price on or before a particular expiration date. </a><a href="https://prime.greeks.live/area/liquidity-providers/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sleek, dark teal surface contrasts with reflective black and an angular silver mechanism featuring a blue glow and button. This represents an institutional-grade RFQ platform for digital asset derivatives, embodying high-fidelity execution in market microstructure for block trades, optimizing capital efficiency via Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-trading-platform-interface-optimizing-rfq-protocols-for-high-fidelity-execution-and-liquidity-aggregation.jpg)

## Liquidity Providers

Meaning ▴ Liquidity Providers are market participants, typically institutional entities or sophisticated trading firms, that facilitate efficient market operations by continuously quoting bid and offer prices for financial instruments. </a><a href="https://prime.greeks.live/area/market-makers/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Interlocking transparent and opaque components on a dark base embody a Crypto Derivatives OS facilitating institutional RFQ protocols. This visual metaphor highlights atomic settlement, capital efficiency, and high-fidelity execution within a prime brokerage ecosystem, optimizing market microstructure for block trade liquidity](https://options.greeks.live/wp-content/uploads/2025/07/modular-framework-for-crypto-derivatives-os-rfq-protocol-aggregation.jpg)

## Market Makers

Meaning ▴ Market Makers are financial entities that provide liquidity to a market by continuously quoting both a bid price (to buy) and an ask price (to sell) for a given financial instrument. </a><a href="https://prime.greeks.live/area/rfq-system/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sleek, metallic control mechanism with a luminous teal-accented sphere symbolizes high-fidelity execution within institutional digital asset derivatives trading. Its robust design represents Prime RFQ infrastructure enabling RFQ protocols for optimal price discovery, liquidity aggregation, and low-latency connectivity in algorithmic trading environments](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-rfq-execution-control-for-optimal-market-microstructure-precision.jpg)

## Rfq System

Meaning ▴ An RFQ System, or Request for Quote System, is a dedicated electronic platform designed to facilitate the solicitation of executable prices from multiple liquidity providers for a specified financial instrument and quantity. </a><a href="https://prime.greeks.live/area/risk-management/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A macro view of a precision-engineered metallic component, representing the robust core of an Institutional Grade Prime RFQ. Its intricate Market Microstructure design facilitates Digital Asset Derivatives RFQ Protocols, enabling High-Fidelity Execution and Algorithmic Trading for Block Trades, ensuring Capital Efficiency and Best Execution](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-core-system-for-institutional-digital-asset-derivatives-rfq-protocol-execution-and-advanced-market-microstructure-optimization.jpg)

## Risk Management

Meaning ▴ Risk Management is the systematic process of identifying, assessing, and mitigating potential financial exposures and operational vulnerabilities within an institutional trading framework. </a><a href="https://prime.greeks.live/area/protective-collar/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A polished Prime RFQ surface frames a glowing blue sphere, symbolizing a deep liquidity pool. Its precision fins suggest algorithmic price discovery and high-fidelity execution within an RFQ protocol](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-intelligence.jpg)

## Protective Collar

Meaning ▴ A Protective Collar is a structured options strategy engineered to define the risk and reward profile of a long underlying asset position. </a><a href="https://prime.greeks.live/guide/mastering-multi-leg-options-spreads-by-eliminating-leg-risk-with-rfq/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sleek, institutional-grade Crypto Derivatives OS with an integrated intelligence layer supports a precise RFQ protocol. Two balanced spheres represent principal liquidity units undergoing high-fidelity execution, optimizing capital efficiency within market microstructure for best execution](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-platform-3.jpg)

## Complex Multi-Leg Options

Master multi-leg options spreads by executing entire strategies at a single, guaranteed price with RFQ. </a><a href="https://prime.greeks.live/area/institutional-trading/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A central rod, symbolizing an RFQ inquiry, links distinct liquidity pools and market makers. A transparent disc, an execution venue, facilitates price discovery](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-rfq-protocol-execution-optimization.jpg)

## Institutional Trading

Meaning ▴ Institutional Trading refers to the execution of large-volume financial transactions by entities such as asset managers, hedge funds, pension funds, and sovereign wealth funds, distinct from retail investor activity. </a><a href="https://prime.greeks.live/area/best-execution/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sophisticated, symmetrical apparatus depicts an institutional-grade RFQ protocol hub for digital asset derivatives, where radiating panels symbolize liquidity aggregation across diverse market makers. Central beams illustrate real-time price discovery and high-fidelity execution of complex multi-leg spreads, ensuring atomic settlement within a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/institutional-grade-rfq-protocol-facilitating-atomic-settlement-and-high-fidelity-execution-of-multi-leg-spreads.jpg)

## Best Execution

Meaning ▴ Best Execution is the obligation to obtain the most favorable terms reasonably available for a client's order. </a>

**Tags:** [Market Microstructure](https://options.greeks.live/area/market-microstructure/), [Zero-Slippage](https://options.greeks.live/area/zero-slippage/), [Best Execution](https://options.greeks.live/area/best-execution/), [Crypto RFQ](https://options.greeks.live/area/crypto-rfq/), [Protective Collar](https://options.greeks.live/area/protective-collar/), [Multi-Leg Execution](https://options.greeks.live/area/multi-leg-execution/)	

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- 
### [The Institutional Method for Pricing and Executing Large Crypto Options Blocks](https://options.greeks.live/guide/the-institutional-method-for-pricing-and-executing-large-crypto-options-blocks/)
![A precise optical sensor within an institutional-grade execution management system, representing a Prime RFQ intelligence layer. This enables high-fidelity execution and price discovery for digital asset derivatives via RFQ protocols, ensuring atomic settlement within market microstructure.](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-high-fidelity-institutional-digital-asset-rfq-execution-system-lens.jpg)

Mastering the RFQ system is the definitive step to command institutional-grade liquidity for large crypto options trades.

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---

**Original URL:** https://options.greeks.live/guide/how-institutions-use-rfq-to-achieve-zero-slippage-crypto-options-trading/
