# Mastering Block Trades How to Secure Better Pricing with RFQs ▴ Guide

**Published:** 2025-08-05
**Categories:** Guide

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![A multi-layered, sectioned sphere reveals core institutional digital asset derivatives architecture. Translucent layers depict dynamic RFQ liquidity pools and multi-leg spread execution](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-market-microstructure-1.jpg)

![A diagonal metallic framework supports two dark circular elements with blue rims, connected by a central oval interface. This represents an institutional-grade RFQ protocol for digital asset derivatives, facilitating block trade execution, high-fidelity execution, dark liquidity, and atomic settlement on a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/optimized-institutional-digital-asset-derivatives-trading-system-rfq-protocols-and-atomic-settlement.jpg)

## The Professional Path to Price Discovery

Executing substantial positions in the market introduces a unique set of challenges. Public order books, while models of efficiency for standard trade sizes, operate on a principle of transparent, continuous matching. A large order placed directly into this environment signals its own intent, creating price pressure that can move the market before the full position is filled. This dynamic, known as [price impact](https://prime.greeks.live/area/price-impact/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) or [slippage](https://prime.greeks.live/area/slippage/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite), is a direct cost to the trader, representing the difference between the expected execution price and the final, averaged price across the entire order.

The very act of trading influences the outcome. For institutional-level size, a different method of engagement is required, one that prioritizes discretion and private negotiation to source deep liquidity.

A [Request for Quote](https://prime.greeks.live/area/request-for-quote/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) (RFQ) system is a private, structured negotiation channel. It functions by allowing a trader to discreetly solicit competitive bids or offers for a specific, large-sized trade 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). This process takes the trade off the public stage of the central limit order book and into a private auction. The trader initiating the RFQ specifies the instrument, the size, and the side of the trade (buy or sell).

This request is then broadcast simultaneously to the chosen [liquidity providers](https://prime.greeks.live/area/liquidity-providers/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). They, in turn, have a defined window to respond with their firm quotes, detailing the price at which they are willing to transact the full size of the order. The trader can then assess the competing quotes and select the single most favorable one to execute against.

This mechanism fundamentally re-engineers the execution process for block trades. It shifts the dynamic from passively accepting prices on a public book to actively commanding [price discovery](https://prime.greeks.live/area/price-discovery/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) from dedicated liquidity sources. The competition is contained within the private auction, ensuring that the broader market remains unaware of the large transaction until after it is complete.

This contained competition is designed to produce a single, firm price for the entire block, providing certainty of execution for the full size. It is a system built for size, for complexity, and for traders who require a professional-grade tool to manage their market impact and secure a precise entry or exit point.

![A prominent domed optic with a teal-blue ring and gold bezel. This visual metaphor represents an institutional digital asset derivatives RFQ interface, providing high-fidelity execution for price discovery within market microstructure](https://options.greeks.live/wp-content/uploads/2025/07/precision-optic-interface-for-institutional-digital-asset-derivatives-rfq-protocol-execution-and-high-fidelity-price-discovery.jpg)

![A sleek, futuristic institutional grade platform with a translucent teal dome signifies a secure environment for private quotation and high-fidelity execution. A dark, reflective sphere represents an intelligence layer for algorithmic trading and price discovery within market microstructure, ensuring capital efficiency for digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/precision-rfq-execution-for-institutional-digital-asset-derivatives-1.jpg)

## The Mechanics of Superior Execution

Achieving optimal pricing on large trades is an active process. It begins with a clear definition of the strategic objective and a rigorous preparation of the trade itself. The [RFQ system](https://prime.greeks.live/area/rfq-system/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) is a powerful instrument, and its effective use depends on the quality of the inputs provided by the trader. This is where a professional mindset transitions from simply placing orders to engineering specific market outcomes.

![Abstract visualization of institutional RFQ protocol for digital asset derivatives. Translucent layers symbolize dark liquidity pools within complex market microstructure](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-execution-engine-6.jpg)

## Defining the Strategic Objective

Before a single request is sent, the purpose of the trade must be crystal clear. Is this a directional position based on a new thesis? Is it a hedging action designed to neutralize an existing delta exposure in a large options portfolio? Perhaps it is an income-generating strategy, such as selling a large block of covered calls against a core holding.

Each objective carries its own sensitivity to price and execution speed. A strategic hedge might prioritize certainty and speed of execution over achieving the last incremental tick in price. A new speculative position, conversely, might demand the absolute best possible entry point, justifying a more patient and methodical approach to sourcing quotes.

Understanding the “why” behind the trade dictates the “how” of its execution. This includes assessing the current market conditions. Analyzing the liquidity profile of the specific instrument, its recent volatility patterns, and the time of day can inform the optimal moment to request quotes.

Initiating a large [RFQ](https://prime.greeks.live/area/rfq/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) in a thin or highly volatile market may result in wider spreads from market makers, as their own hedging costs are elevated. A disciplined trader aligns the execution strategy with the market’s capacity to absorb the trade gracefully.

![An abstract composition of interlocking, precisely engineered metallic plates represents a sophisticated institutional trading infrastructure. Visible perforations within a central block symbolize optimized data conduits for high-fidelity execution and capital efficiency](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocols-multi-leg-execution-layer.jpg)

## The Anatomy of a Winning RFQ

The construction of the RFQ itself is a critical step. Precision in the request ensures that market makers can price the trade accurately and competitively. For complex options structures, this means specifying each leg with exactness ▴ the ticker, expiration date, strike price, and quantity for every call and put involved.

> On many platforms, soliciting quotes from multiple dealers via RFQ can result in price improvement of several cents over the National Best Bid and Offer (NBBO), a significant cost saving on institutional-sized orders.

A key strategic decision is the selection of counterparties. Most RFQ systems allow traders to choose which market makers will receive the request. Building a list of liquidity providers known for being competitive in a specific asset class or strategy type is a part of developing a professional edge. Some market makers specialize in index options, while others may offer tighter pricing on single-stock derivatives.

The default option is often to send the request to all available makers, which fosters the widest possible competition. The level of anonymity is another consideration. Some systems allow the trader’s identity to be revealed only to the winning counterparty after the trade is complete, minimizing information leakage about trading patterns.

![A central, metallic, complex mechanism with glowing teal data streams represents an advanced Crypto Derivatives OS. It visually depicts a Principal's robust RFQ protocol engine, driving high-fidelity execution and price discovery for institutional-grade digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-execution-engine-8.jpg)

## Executing Complex Multi-Leg Structures

The RFQ process demonstrates its true power when applied to complex, [multi-leg options](https://prime.greeks.live/area/multi-leg-options/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) strategies. Attempting to execute a strategy like a four-legged iron condor or a complex calendar spread on the public [order book](https://prime.greeks.live/area/order-book/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) requires “legging in” ▴ executing each component of the trade separately. This process introduces significant risk.

Market movements between the execution of each leg can turn a theoretically profitable setup into a loss. Partial fills, where only some legs of the trade are completed, can leave a portfolio with an unintended and undesirable risk profile.

An RFQ system treats the entire structure as a single, indivisible package. The request is for the net price of the entire strategy, and market makers quote on that basis. This provides several distinct advantages:

- 
Certainty of Execution. The trade is an all-or-nothing proposition. If your price is met, the entire multi-leg position is filled simultaneously, with no leg risk or partial fills.

- 
Net Pricing. Market makers compete on the net debit or credit for the whole package. This can lead to better overall pricing, as they can manage the risk of the entire position holistically rather than pricing each leg in isolation.

- 
[Delta Hedging](https://prime.greeks.live/area/delta-hedging/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). Many advanced RFQ systems allow for the inclusion of a delta-hedging leg within the package itself. A trader can construct a complex options position and simultaneously include a futures or perpetual swap order to render the initial position delta-neutral. The market maker provides a single quote for the entire package, including the hedge, streamlining a process that would otherwise require multiple, carefully timed transactions.

![A translucent, faceted sphere, representing a digital asset derivative block trade, traverses a precision-engineered track. This signifies high-fidelity execution via an RFQ protocol, optimizing liquidity aggregation, price discovery, and capital efficiency within institutional market microstructure](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-block-trade-high-fidelity-execution-protocol-prime-os-path.jpg)

## Analyzing the Quotes and Making the Decision

Once the quotes arrive, the decision process begins. While the best price is the primary factor, a professional trader considers other elements. The fill quantity is paramount; the quote must be for the full size of the requested block.

A trader also assesses the reputation and reliability of the quoting counterparties. Over time, traders develop an understanding of which market makers consistently provide reliable and competitive liquidity.

The response window for an RFQ is typically short, often just a matter of seconds or minutes, to ensure that the quotes are actionable in a live market. The decision must be made with conviction. Upon selecting a quote, the trade is executed, and the position is established.

The clearing of the trade happens through the normal exchange and clearinghouse channels, which standardizes the process and mitigates counterparty risk. The RFQ system is the mechanism for price discovery and matching, while the established financial infrastructure provides the foundation for settlement and security.

![A sleek, metallic instrument with a central pivot and pointed arm, featuring a reflective surface and a teal band, embodies an institutional RFQ protocol. This represents high-fidelity execution for digital asset derivatives, enabling private quotation and optimal price discovery for multi-leg spread strategies within a dark pool, powered by a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-rfq-execution-for-optimal-liquidity-discovery.jpg)

![A sharp, dark, precision-engineered element, indicative of a targeted RFQ protocol for institutional digital asset derivatives, traverses a secure liquidity aggregation conduit. This interaction occurs within a robust market microstructure platform, symbolizing high-fidelity execution and atomic settlement under a Principal's operational framework for best execution](https://options.greeks.live/wp-content/uploads/2025/07/principal-grade-digital-asset-derivatives-rfq-protocol-execution-engine.jpg)

## The Integration for Sustained Alpha

Mastering the RFQ is a significant step. Integrating it as a core component of a broader portfolio strategy is the path to creating a durable, long-term market edge. This involves moving beyond the execution of individual trades and viewing the RFQ as a system for managing the overall risk profile and return drivers of a portfolio. It becomes a tool not just for getting a good price, but for shaping the very structure of your market exposure.

![An opaque principal's operational framework half-sphere interfaces a translucent digital asset derivatives sphere, revealing implied volatility. This symbolizes high-fidelity execution via an RFQ protocol, enabling private quotation within the market microstructure and deep liquidity pool for a robust Crypto Derivatives OS](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-execution-engine-13.jpg)

## A System for Portfolio-Level Hedging

Consider a portfolio with diverse, correlated positions. A sudden market shift can create a cascade of risk. The RFQ system provides a mechanism for executing large, complex hedges at a portfolio level with speed and precision. A manager can construct a multi-leg options collar or a ratio spread designed to protect the net value of the entire portfolio, and then use an RFQ to solicit a single price for the entire protective structure.

This is a proactive risk management action, executed on institutional scale. It transforms hedging from a series of small, reactive trades into a single, decisive strategic maneuver. The ability to source liquidity for a complex hedge without alerting the broader market is a distinct advantage when managing substantial assets.

![Transparent conduits and metallic components abstractly depict institutional digital asset derivatives trading. Symbolizing cross-protocol RFQ execution, multi-leg spreads, and high-fidelity atomic settlement across aggregated liquidity pools, it reflects prime brokerage infrastructure](https://options.greeks.live/wp-content/uploads/2025/07/cross-protocol-rfq-execution-digital-asset-derivatives-microstructure-system.jpg)

## Building a Strategic Liquidity Network

Consistent and professional use of RFQ systems builds a reputation. Market makers are in the business of pricing risk and providing liquidity; they value counterparties who are clear, decisive, and trade in a professional manner. Over time, a trader can become known as a source of quality order flow. This can lead to more competitive quotes and a better working relationship with the liquidity providers who are most critical to your specific strategies.

This “soft” advantage, built on professionalism and consistent volume, is a real asset. It means that when you need to execute a critical trade in a challenging market, you have a network of liquidity providers who are ready and willing to compete for your business. This is the difference between being a price taker and becoming a preferred client in the institutional liquidity ecosystem.

> Effective use of block trading mechanisms is not about market timing, but about minimizing the inherent transaction costs that erode performance over the long term.

![A sleek, cream and dark blue institutional trading terminal with a dark interactive display. It embodies a proprietary Prime RFQ, facilitating secure RFQ protocols for digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-rfq-terminal-for-best-execution.jpg)

## The Psychology of Professional Execution

Finally, integrating RFQ trading into your process cultivates a professional mindset. It moves a trader away from the frantic, screen-watching behavior associated with working small orders on a public book. The process is deliberate ▴ you define your objective, you construct your trade, you solicit competition, and you make a clear decision. This methodical approach fosters discipline and reduces the emotional decision-making that can be so detrimental to trading performance.

It builds the confidence that comes from knowing you have a robust process for executing your strategy, regardless of its size or complexity. You are operating the market’s professional infrastructure to your advantage, securing the pricing and execution that allows your strategic insights to be fully expressed in your portfolio’s performance.

![A segmented teal and blue institutional digital asset derivatives platform reveals its core market microstructure. Internal layers expose sophisticated algorithmic execution engines, high-fidelity liquidity aggregation, and real-time risk management protocols, integral to a Prime RFQ supporting Bitcoin options and Ethereum futures trading](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-prime-os-core-microstructure.jpg)

## Your New Market Perspective

The market is a system of interlocking mechanisms, each designed for a specific purpose. Understanding the function of each component allows you to engage with the market on your own terms. The ability to source liquidity through private negotiation for large-scale trades is more than a technical skill; it is a fundamental shift in perspective. It represents a transition from reacting to the market’s displayed prices to commanding the execution you require.

This capability opens a new caliber of strategic possibilities, allowing you to implement your ideas with the precision and scale of a professional. The market’s structure is not a barrier; it is a set of tools waiting for a skilled operator.

![A bifurcated sphere, symbolizing institutional digital asset derivatives, reveals a luminous turquoise core. This signifies a secure RFQ protocol for high-fidelity execution and private quotation](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-rfq-protocol-orchestration.jpg)

## Glossary

<a href="https://prime.greeks.live/area/price-impact/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Two precision-engineered nodes, possibly representing a Private Quotation or RFQ mechanism, connect via a transparent conduit against a striped Market Microstructure backdrop. This visualizes High-Fidelity Execution pathways for Institutional Grade Digital Asset Derivatives, enabling Atomic Settlement and Capital Efficiency within a Dark Pool environment, optimizing Price Discovery](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-system-nodes.jpg)

## Price Impact

Meaning ▴ Price Impact refers to the measurable change in an asset's market price directly attributable to the execution of a trade order, particularly when the order size is significant relative to available market liquidity. </a><a href="https://prime.greeks.live/area/slippage/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A robust institutional framework composed of interlocked grey structures, featuring a central dark execution channel housing luminous blue crystalline elements representing deep liquidity and aggregated inquiry. A translucent teal prism symbolizes dynamic digital asset derivatives and the volatility surface, showcasing precise price discovery within a high-fidelity execution environment, powered by the Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-intelligence-layer.jpg)

## Slippage

Meaning ▴ Slippage denotes the variance between an order's expected execution price and its actual execution price. </a><a href="https://prime.greeks.live/area/request-for-quote/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sleek, multi-layered system representing an institutional-grade digital asset derivatives platform. Its precise components symbolize high-fidelity RFQ execution, optimized market microstructure, and a secure intelligence layer for private quotation, ensuring efficient price discovery and robust liquidity pool management](https://options.greeks.live/wp-content/uploads/2025/07/high-fidelity-rfq-execution-digital-asset-derivatives-platform-prime-os.jpg)

## Request for Quote

Meaning ▴ A Request for Quote, or RFQ, constitutes a formal communication initiated by a potential buyer or seller to solicit price quotations for a specified financial instrument or block of instruments from one or more liquidity providers. </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">
![The image displays a central circular mechanism, representing the core of an RFQ engine, surrounded by concentric layers signifying market microstructure and liquidity pool aggregation. A diagonal element intersects, symbolizing direct high-fidelity execution pathways for digital asset derivatives, optimized for capital efficiency and best execution through a Prime RFQ architecture](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-architecture-powering-institutional-digital-asset-derivatives-high-fidelity-execution-via-optimized-rfq-protocols.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/liquidity-providers/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A teal-blue textured sphere, signifying a unique RFQ inquiry or private quotation, precisely mounts on a metallic, institutional-grade base. Integrated into a Prime RFQ framework, it illustrates high-fidelity execution and atomic settlement for digital asset derivatives within market microstructure, ensuring capital efficiency](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-prime-os-execution-1.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/price-discovery/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A polished, light surface interfaces with a darker, contoured form on black. This signifies the RFQ protocol for institutional digital asset derivatives, embodying price discovery and high-fidelity execution](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-interface.jpg)

## Price Discovery

Meaning ▴ Price discovery is the continuous, dynamic process by which the market determines the fair value of an asset through the collective interaction of supply and demand. </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 stylized RFQ protocol engine, featuring a central price discovery mechanism and a high-fidelity execution blade. Translucent blue conduits symbolize atomic settlement pathways for institutional block trades within a Crypto Derivatives OS, ensuring capital efficiency and best execution](https://options.greeks.live/wp-content/uploads/2025/07/high-fidelity-rfq-execution-for-digital-asset-derivatives.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/rfq/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A precision-engineered metallic component displays two interlocking gold modules with circular execution apertures, anchored by a central pivot. This symbolizes an institutional-grade digital asset derivatives platform, enabling high-fidelity RFQ execution, optimized multi-leg spread management, and robust prime brokerage liquidity](https://options.greeks.live/wp-content/uploads/2025/07/digital-asset-derivatives-rfq-core-for-institutional-trade-flow.jpg)

## Rfq

Meaning ▴ Request for Quote (RFQ) is a structured communication protocol enabling a market participant to solicit executable price quotations for a specific instrument and quantity from a selected group of liquidity providers. </a><a href="https://prime.greeks.live/area/multi-leg-options/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sleek, spherical white and blue module featuring a central black aperture and teal lens, representing the core Intelligence Layer for Institutional Trading in Digital Asset Derivatives. It visualizes High-Fidelity Execution within an RFQ protocol, enabling precise Price Discovery and optimizing the Principal's Operational Framework for Crypto Derivatives OS](https://options.greeks.live/wp-content/uploads/2025/07/precision-lens-for-institutional-digital-asset-derivatives-rfq-execution.jpg)

## Multi-Leg Options

Meaning ▴ Multi-Leg Options refers to a derivative trading strategy involving the simultaneous purchase and/or sale of two or more individual options contracts. </a><a href="https://prime.greeks.live/area/order-book/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Abstract forms depict institutional liquidity aggregation and smart order routing. Intersecting dark bars symbolize RFQ protocols enabling atomic settlement for multi-leg spreads, ensuring high-fidelity execution and price discovery of digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-high-fidelity-execution-2.jpg)

## Order Book

Meaning ▴ An Order Book is a real-time electronic ledger detailing all outstanding buy and sell orders for a specific financial instrument, organized by price level and sorted by time priority within each level. </a><a href="https://prime.greeks.live/area/delta-hedging/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A macro view reveals a robust metallic component, signifying a critical interface within a Prime RFQ. This secure mechanism facilitates precise RFQ protocol execution, enabling atomic settlement for institutional-grade digital asset derivatives, embodying high-fidelity execution](https://options.greeks.live/wp-content/uploads/2025/07/core-secure-institutional-digital-asset-derivatives-rfq-trade-system-element.jpg)

## Delta Hedging

Meaning ▴ Delta hedging is a dynamic risk management strategy employed to reduce the directional exposure of an options portfolio or a derivatives position by offsetting its delta with an equivalent, opposite position in the underlying asset. </a>

**Tags:** [Liquidity Sourcing](https://options.greeks.live/area/liquidity-sourcing/), [RFQ System](https://options.greeks.live/area/rfq-system/), [Order Book](https://options.greeks.live/area/order-book/), [Price Impact](https://options.greeks.live/area/price-impact/), [Block Trade](https://options.greeks.live/area/block-trade/), [Delta Hedging](https://options.greeks.live/area/delta-hedging/)	

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- 
### [Why Direct-To-Maker Liquidity Is Your Greatest Trading Edge](https://options.greeks.live/guide/why-direct-to-maker-liquidity-is-your-greatest-trading-edge/)
![Abstract bisected spheres, reflective grey and textured teal, forming an infinity, symbolize institutional digital asset derivatives. Grey represents high-fidelity execution and market microstructure teal, deep liquidity pools and volatility surface data. This visualizes optimized RFQ protocols for multi-leg spread and atomic settlement within a Prime RFQ.](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-rfq-protocols-for-digital-asset-derivatives-execution.jpg)

Stop reacting to the market; start commanding liquidity on your terms with direct-to-maker execution.

- 
### [Why Your Broker’s Fills Are Secretly Costing You Money](https://options.greeks.live/guide/why-your-brokers-fills-are-secretly-costing-you-money/)
![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)

Command your price. Professional RFQ execution gives you a direct edge by making market makers compete for your trades.

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---

**Original URL:** https://options.greeks.live/guide/mastering-block-trades-how-to-secure-better-pricing-with-rfqs/
