# Why Request-for-Quote Is the Professional's Execution Tool ▴ Guide

**Published:** 2025-08-06
**Categories:** Guide

---

![Polished metallic pipes intersect via robust fasteners, set against a dark background. This symbolizes intricate Market Microstructure, RFQ Protocols, and Multi-Leg Spread execution](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-metallic-nodes-illustrating-rfq-protocols-for-multi-leg-digital-asset-derivatives-institutional-execution.jpg)

![A slender metallic probe extends between two curved surfaces. This abstractly illustrates high-fidelity execution for institutional digital asset derivatives, driving price discovery within market microstructure](https://options.greeks.live/wp-content/uploads/2025/07/precision-instrument-navigating-institutional-digital-asset-derivatives-rfq-protocols-for-optimal-price-discovery-and-high-fidelity-execution.jpg)

## The Mandate for Precision Execution

The disciplined execution of substantial trades requires a mechanism built for certainty and control. A Request-for-Quote, or RFQ, system provides this exact function. It is a communications channel allowing a market participant to privately solicit firm prices from a select group of [liquidity providers](https://prime.greeks.live/area/liquidity-providers/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) for a specified quantity of a financial instrument. This process is initiated for a distinct purpose ▴ to secure a competitive, executable price for a size that the public [central limit order book](https://prime.greeks.live/area/central-limit-order-book/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) cannot efficiently absorb.

Modern financial markets are a complex web of distributed liquidity pools. For sophisticated traders managing significant size, broadcasting a large order to the entire market via a standard [order book](https://prime.greeks.live/area/order-book/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) invites adverse price movement, known as [slippage](https://prime.greeks.live/area/slippage/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). Information leakage is a material cost. The RFQ process directly addresses this by operating with discretion.

Your inquiry is directed only to the [market makers](https://prime.greeks.live/area/market-makers/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) you choose to engage, creating a competitive auction for your order flow without alerting the broader public. This directed [price discovery](https://prime.greeks.live/area/price-discovery/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) is fundamental to professional trading.

> Executing large trades through RFQ avoids moving the market price, as the trade is negotiated privately between the trader and the liquidity provider.

Consider the challenge of executing a multi-leg options structure, such as a complex condor or a customized collar. Placing four separate orders into the public market introduces leg risk, the danger that each component will be filled at a different, and potentially unfavorable, price as the market reacts. An [RFQ system](https://prime.greeks.live/area/rfq-system/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) treats the entire multi-leg structure as a single, indivisible package.

Liquidity providers respond with a single net price for the whole position, granting the trader the ability to transact the entire, complex idea at one confirmed cost basis. This transforms execution from a chaotic variable into a controlled constant.

![Precision-engineered modular components, with teal accents, align at a central interface. This visually embodies an RFQ protocol for institutional digital asset derivatives, facilitating principal liquidity aggregation and high-fidelity execution](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-institutional-digital-asset-derivatives-rfq-execution-interface-for-atomic-settlement.jpg)

## Summoning Liquidity on Demand

Certain markets, particularly for long-dated derivatives or bespoke structures, possess intermittent liquidity. The [public order book](https://prime.greeks.live/area/public-order-book/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) may appear thin or nonexistent. A trader relying solely on visible quotes would be unable to deploy capital effectively. The [RFQ](https://prime.greeks.live/area/rfq/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) mechanism acts as a flare, signaling your specific interest to specialized market makers who possess the capacity to price and hedge such instruments.

They may not continuously stream quotes for every conceivable options strike and expiry, yet they will respond to a direct, professional inquiry. This function allows you to draw forth liquidity when and where you need it, turning an apparently illiquid market into an actionable one.

![A metallic, circular mechanism, a precision control interface, rests on a dark circuit board. This symbolizes the core intelligence layer of a Prime RFQ, enabling low-latency, high-fidelity execution for institutional digital asset derivatives via optimized RFQ protocols, refining market microstructure](https://options.greeks.live/wp-content/uploads/2025/08/precision-rfq-protocol-engine-for-institutional-digital-asset-derivatives.jpg)

## A System of Anonymity and Disclosure

The RFQ process operates on a principle of managed disclosure. While your identity and intentions are shielded from the general market, the transaction occurs on a disclosed basis with the responding liquidity providers. This is a feature of professional markets, where counterparty relationships and trust are components of the system. The market makers know who they are quoting, and you know who is providing your price.

This structure stands in contrast to the complete anonymity of a [central limit order](https://prime.greeks.live/question/what-are-the-primary-differences-between-a-quote-driven-rfq-market-and-an-order-driven-central-limit-order-book/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) book. The result is a transaction built on firm interest and competitive tension among a known set of professional counterparties, all while the broader market remains unaware of the impending volume. This balance is a key component of institutional-grade execution and a clear departure from standard retail trading methods.

![Close-up reveals robust metallic components of an institutional-grade execution management system. Precision-engineered surfaces and central pivot signify high-fidelity execution for digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-grade-digital-asset-derivatives-rfq-execution-precision-optimizing-market-microstructure-for-best-execution-and-prime-os.jpg)

![Precision-engineered multi-vane system with opaque, reflective, and translucent teal blades. This visualizes Institutional Grade Digital Asset Derivatives Market Microstructure, driving High-Fidelity Execution via RFQ protocols, optimizing Liquidity Pool aggregation, and Multi-Leg Spread management on a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-multi-vane-system-illustrating-institutional-digital-asset-derivatives-rfq-protocols-market-microstructure-optimized-liquidity-aggregation-prime-os-high-fidelity-execution.jpg)

## A Framework for Sourcing Alpha

Mastering the RFQ system is a direct investment in your [execution alpha](https://prime.greeks.live/area/execution-alpha/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). Superior outcomes are a product of superior processes. For the ambitious trader, this means moving beyond passive interaction with the visible order book and adopting the methods used by the world’s most sophisticated desks.

The following frameworks provide concrete, actionable guides for deploying the RFQ mechanism to achieve specific, measurable improvements in your trading results. These are not theoretical concepts; they are the standard operating procedures for professionals tasked with moving significant capital with minimal friction.

![An intricate, high-precision mechanism symbolizes an Institutional Digital Asset Derivatives RFQ protocol. Its sleek off-white casing protects the core market microstructure, while the teal-edged component signifies high-fidelity execution and optimal price discovery](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-institutional-digital-asset-derivatives-rfq-protocol-high-fidelity-market-microstructure-optimization.jpg)

## Executing Block Trades with Surgical Precision

A [block trade](https://prime.greeks.live/area/block-trade/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) is a transaction of such a large size that it would materially impact the market price if executed through standard channels. The primary objective when executing a block is to minimize or eliminate slippage. The RFQ is the designated instrument for this task.

A market order of this magnitude would exhaust the available liquidity at multiple price levels, resulting in an average fill price far from the initial quote. The RFQ process inverts this dynamic.

![Central metallic hub connects beige conduits, representing an institutional RFQ engine for digital asset derivatives. It facilitates multi-leg spread execution, ensuring atomic settlement, optimal price discovery, and high-fidelity execution within a Prime RFQ for capital efficiency](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-digital-asset-derivatives-rfq-protocol-execution-hub.jpg)

## The Block Execution Process

A disciplined approach to block execution follows a clear sequence. First, the trader defines the full size of the intended position. Second, they select a panel of trusted liquidity providers known for making markets in the specific instrument. Third, the RFQ is sent simultaneously to this panel, detailing the instrument and the exact size.

The providers are now in competition, compelled to return their best price to win the business. The trader receives multiple firm quotes, selects the most advantageous one, and executes the entire block at a single, confirmed price. The information leakage is contained, and the price impact is neutralized. This is the definition of professional execution.

![Polished concentric metallic and glass components represent an advanced Prime RFQ for institutional digital asset derivatives. It visualizes high-fidelity execution, price discovery, and order book dynamics within market microstructure, enabling efficient RFQ protocols for block trades](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-prime-os-precision.jpg)

## Constructing Complex Options Structures

The true power of derivatives lies in creating structures that express a specific view on volatility, direction, or time. These structures often involve multiple individual option legs. The RFQ system is indispensable for their clean execution. Attempting to “leg in” to a four-part options strategy on the [public order](https://prime.greeks.live/guide/why-the-public-order-book-is-costing-you-money-on-large-trades/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) book is an amateur’s gambit, exposing the trader to slippage on each individual component and the risk that the overall structure’s cost basis will deviate wildly from the intended target.

> The use of Request for Quotes (RFQ) on CME Globex has played a key role in enabling that transition to occur by allowing traders to electronically execute multi-leg and hedged options strategies.

The professional method involves building the strategy as a single unit within the trading platform. The platform then sends an RFQ for the entire package. Market makers evaluate the net risk of the combined position and return a single bid or offer.

This allows for the execution of a complex idea like a calendarized butterfly spread at one price, with one transaction, and with zero leg risk. This is how institutions manage complex derivatives portfolios.

![Crossing reflective elements on a dark surface symbolize high-fidelity execution and multi-leg spread strategies. A central sphere represents the intelligence layer for price discovery](https://options.greeks.live/wp-content/uploads/2025/07/precision-algorithmic-trading-across-intersecting-liquidity-pools-for-institutional-digital-asset-derivatives-rfq-protocols.jpg)

## A Practical Guide to RFQ for a Covered Call

A common institutional strategy is selling calls against a large underlying stock position to generate income. Executing the stock purchase and the call sale separately introduces price risk. The RFQ allows you to combine them into one efficient action.

- Define the complete structure ▴ Specify the purchase of 10,000 shares of stock XYZ and the simultaneous sale of 100 call options of a specific strike and expiry.

- Select liquidity providers ▴ Choose market makers who specialize in equity derivatives and can price large, combined orders.

- Submit the RFQ ▴ The request is for a net price on the entire package. The liquidity providers will calculate the cost of buying the shares and subtract the premium received from selling the calls.

- Analyze competing quotes ▴ You will receive several net debit or credit quotes for the entire position.

- Execute at a single price ▴ With one click, you transact the entire stock and options position at a known, favorable price, securing your cost basis and the income from the call sale in a single, clean execution.

![A precision-engineered metallic component with a central circular mechanism, secured by fasteners, embodies a Prime RFQ engine. It drives institutional liquidity and high-fidelity execution for digital asset derivatives, facilitating atomic settlement of block trades and private quotation within market microstructure](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-institutional-digital-asset-derivatives-platform-rfq-engine-for-high-fidelity-execution-and-atomic-settlement-of-block-trades.jpg)

## Price Discovery in Illiquid Markets

Many of the most compelling opportunities exist in markets with wide bid-ask spreads or seemingly no liquidity at all. These can include long-dated options, exotic derivatives, or newly listed instruments. In these scenarios, the public order book is an unreliable guide to the true market price. An RFQ is a powerful price discovery tool.

By sending a request to specialized dealers, you compel them to perform the analysis required to generate a firm price. This action effectively creates the market for your trade. The responses you receive from multiple dealers give you a high-fidelity snapshot of the actual, executable market for your desired size.

You are no longer a passive observer of a wide spread; you are the catalyst for competitive price formation. This proactive approach is a hallmark of a sophisticated market participant who understands that liquidity is often something to be summoned, not simply found.

### Execution Method Comparison ▴ 500-Lot S&P 500 Option Order

| Metric | Central Limit Order Book (Market Order) | Request-for-Quote (RFQ) System |
| --- | --- | --- |
| Market Impact / Slippage | High. The order consumes all liquidity at the best price and walks up the book, resulting in a significantly worse average fill price. | Minimal to None. The price is privately negotiated with a liquidity provider, shielding the public book from the trade’s size. |
| Price Certainty | Low. The final executed price is unknown until the entire order is filled and can be substantially different from the price seen pre-trade. | High. The trade is executed at the single firm price agreed upon with the winning liquidity provider. |
| Information Leakage | High. The entire market sees the large order being executed, revealing the trader’s intention and size. | Low. Only the selected panel of liquidity providers is aware of the request. |
| Suitability for Multi-Leg Strategies | Poor. Each leg must be executed separately, introducing significant risk of price slippage between the components (leg risk). | Excellent. The entire strategy can be quoted and executed as a single package at one net price. |
| Execution Outcome | A series of small fills at progressively worse prices, resulting in a high total cost. | A single fill at a competitive, predetermined price, resulting in a low total cost. |

![A futuristic, metallic structure with reflective surfaces and a central optical mechanism, symbolizing a robust Prime RFQ for institutional digital asset derivatives. It enables high-fidelity execution of RFQ protocols, optimizing price discovery and liquidity aggregation across diverse liquidity pools with minimal slippage](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-platform-for-institutional-digital-asset-derivatives-rfq-protocol-optimized-execution-management-system-with-robust-liquidity-sourcing.jpg)

![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)

## The System of Perpetual Edge

Mastery of a single tool is a tactic. Integrating that tool into a comprehensive portfolio management system is a strategy. The RFQ mechanism is more than an execution device; it is a foundational component of a sophisticated, institutional-grade operational framework.

Its applications extend far beyond single-trade optimization, influencing how you manage risk, source unique opportunities, and structure your entire portfolio for long-term performance. Moving from investing with this tool to expanding your entire methodology is the final step in professionalizing your approach to markets.

![Stacked precision-engineered circular components, varying in size and color, rest on a cylindrical base. This modular assembly symbolizes a robust Crypto Derivatives OS architecture, enabling high-fidelity execution for institutional RFQ protocols](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-rfq-protocol-architecture-optimized-for-high-fidelity-execution.jpg)

## Dynamic Hedging and Portfolio Rebalancing

A professional portfolio is a dynamic entity, not a static collection of assets. As market conditions change, a portfolio’s net exposure must be adjusted. When these adjustments are large, executing them via the public order book can be costly and inefficient. The RFQ system is the appropriate channel for large-scale hedging and rebalancing operations.

Whether you are rolling a massive options hedge, adjusting the weighting of an entire sector, or hedging a complex portfolio of correlated assets, the RFQ allows you to transact at a firm, known price. This operational certainty is critical for systematic risk management. It ensures that your intended defensive maneuvers are executed with precision, preserving capital and maintaining the desired risk profile of your overall portfolio.

![Precision system for institutional digital asset derivatives. Translucent elements denote multi-leg spread structures and RFQ protocols](https://options.greeks.live/wp-content/uploads/2025/07/precision-execution-infrastructure-for-institutional-digital-asset-derivatives-request-for-quote-protocol-optimization.jpg)

## Accessing Bespoke Over-The-Counter Markets

The most sophisticated derivatives are often not listed on public exchanges. These are bespoke, [Over-the-Counter](https://prime.greeks.live/area/over-the-counter/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) ([OTC](https://prime.greeks.live/area/otc/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite)) contracts created to meet a specific hedging or investment need. These can include instruments like custom volatility swaps, flex options, or structured notes. The only way to access this world of customized solutions is through a Request-for-Quote process.

By developing relationships with institutional dealers and using the RFQ channel, you gain access to a universe of risk management and return-generating tools that are simply unavailable to standard market participants. This is how you move from consuming market products to co-creating them with institutional counterparties, tailoring your exposures with an unparalleled degree of specificity.

> RFQ allows a client to specify the exact size of the trade to be executed, which provides for more certainty of execution than working in a CLOB.

![A blue speckled marble, symbolizing a precise block trade, rests centrally on a translucent bar, representing a robust RFQ protocol. This structured geometric arrangement illustrates complex market microstructure, enabling high-fidelity execution, optimal price discovery, and efficient liquidity aggregation within a principal's operational framework for institutional digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/precision-institutional-rfq-execution-framework-optimizing-digital-asset-derivatives-liquidity-aggregation-across-complex-market-microstructure.jpg)

## Building a Competitive Advantage through Relationships

In the institutional world, the RFQ system is also a relationship management tool. While the process is competitive, it fosters communication with your liquidity providers. Over time, dealers learn your trading style and the types of flow you represent. A trader who consistently brings high-quality, large-scale orders to the market through the RFQ channel becomes a valued client.

This can translate into tighter pricing, a greater willingness from dealers to quote difficult-to-price instruments, and valuable market color. Your order flow, when channeled professionally, becomes an asset. You are building a personal franchise with the market-making community, creating a durable competitive advantage that compounds over time. Your ability to execute efficiently improves as your professional network deepens, a positive feedback loop that is impossible to replicate through anonymous order book trading alone.

![A precision-engineered system with a central gnomon-like structure and suspended sphere. This signifies high-fidelity execution for digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/precision-engine-for-institutional-digital-asset-derivatives-rfq.jpg)

## Your Market Reimagined

The central [limit order book](https://prime.greeks.live/area/limit-order-book/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) presents a single dimension of the market. It is a world of passive price-taking. The adoption of the Request-for-Quote system is the discovery of a new dimension. It signals a fundamental shift in your relationship with the market, from that of a passive participant to an active director of liquidity.

You are no longer merely searching for the best available price; you are creating a competitive environment to generate the best possible price. This is the professional mindset. The frameworks and systems discussed here are not secrets, but they are disciplines. Their consistent application is what separates the institutional approach from the retail approach. The market itself has not changed, but your ability to command its resources has been fundamentally and permanently upgraded.

![A precise mechanism interacts with a reflective platter, symbolizing high-fidelity execution for institutional digital asset derivatives. It depicts advanced RFQ protocols, optimizing dark pool liquidity, managing market microstructure, and ensuring best execution](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-system-prime-os-1.jpg)

## Glossary

<a href="https://prime.greeks.live/area/central-limit-order-book/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A dark blue, precision-engineered blade-like instrument, representing a digital asset derivative or multi-leg spread, rests on a light foundational block, symbolizing a private quotation or block trade. This structure intersects robust teal market infrastructure rails, indicating RFQ protocol execution within a Prime RFQ for high-fidelity execution and liquidity aggregation in institutional trading](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-framework-multi-leg-spreads-best-execution-capital-efficiency.jpg)

## Central Limit Order Book

Meaning ▴ A Central Limit Order Book is a digital repository that aggregates all outstanding buy and sell orders for a specific financial instrument, organized by price level and time of entry. </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">
![Institutional-grade infrastructure supports a translucent circular interface, displaying real-time market microstructure for digital asset derivatives price discovery. Geometric forms symbolize precise RFQ protocol execution, enabling high-fidelity multi-leg spread trading, optimizing capital efficiency and mitigating systemic risk](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-request-for-quote-protocol-high-fidelity-execution-market-microstructure-intelligence-layer.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/order-book/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A precision-engineered control mechanism, featuring a ribbed dial and prominent green indicator, signifies Institutional Grade Digital Asset Derivatives RFQ Protocol optimization. This represents High-Fidelity Execution, Price Discovery, and Volatility Surface calibration for Algorithmic Trading](https://options.greeks.live/wp-content/uploads/2025/07/principal-operational-framework-precision-calibration-for-institutional-digital-asset-derivatives-rfq-protocol-high-fidelity-execution-prime-os-and-volatility-surface-optimization.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/slippage/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Precision-engineered metallic tracks house a textured block with a central threaded aperture. This visualizes a core RFQ execution component within an institutional market microstructure, enabling private quotation for digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-rfq-execution-framework-precision-microstructure-component.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/price-discovery/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A precision engineered system for institutional digital asset derivatives. Intricate components symbolize RFQ protocol execution, enabling high-fidelity price discovery and liquidity aggregation](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-execution-precision-4.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/market-makers/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Glossy, intersecting forms in beige, blue, and teal embody RFQ protocol efficiency, atomic settlement, and aggregated liquidity for institutional digital asset derivatives. The sleek design reflects high-fidelity execution, prime brokerage capabilities, and optimized order book dynamics for capital efficiency](https://options.greeks.live/wp-content/uploads/2025/08/precision-engineered-digital-asset-derivatives-execution-via-optimized-rfq-protocols-enhancing-principal-operational-frameworks.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">
![Precision instrument featuring a sharp, translucent teal blade from a geared base on a textured platform. This symbolizes high-fidelity execution of institutional digital asset derivatives via RFQ protocols, optimizing market microstructure for capital efficiency and algorithmic trading on a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-algorithmic-execution-infrastructure-for-institutional-digital-asset-derivatives-request-for-quote-protocols-optimal-liquidity.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/public-order-book/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Bicolored sphere, symbolizing a Digital Asset Derivative or Bitcoin Options, precisely balances on a golden ring, representing an institutional RFQ protocol. This rests on a sophisticated Prime RFQ surface, reflecting controlled Market Microstructure, High-Fidelity Execution, optimal Price Discovery, and minimized Slippage](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocols-precision-execution-1.jpg)

## Public Order Book

Meaning ▴ The Public Order Book constitutes a real-time, aggregated data structure displaying all active limit orders for a specific digital asset derivative instrument on an exchange, categorized precisely by price level and corresponding quantity for both bid and ask sides. </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 meticulously engineered mechanism showcases a blue and grey striped block, representing a structured digital asset derivative, precisely engaged by a metallic tool. This setup illustrates high-fidelity execution within a controlled RFQ environment, optimizing block trade settlement and managing counterparty risk through robust market microstructure](https://options.greeks.live/wp-content/uploads/2025/08/precision-engineered-institutional-digital-asset-derivatives-rfq-execution.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/question/what-are-the-primary-differences-between-a-quote-driven-rfq-market-and-an-order-driven-central-limit-order-book/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A polished, dark spherical component anchors a sophisticated system architecture, flanked by a precise green data bus. This represents a high-fidelity execution engine, enabling institutional-grade RFQ protocols for digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-institutional-digital-asset-derivatives-rfq-core.jpg)

## Central Limit Order

A CLOB is a transparent, all-to-all auction; an RFQ is a discreet, targeted negotiation for managing block liquidity and risk. </a><a href="https://prime.greeks.live/area/execution-alpha/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sharp, metallic form with a precise aperture visually represents High-Fidelity Execution for Institutional Digital Asset Derivatives. This signifies optimal Price Discovery and minimal Slippage within RFQ protocols, navigating complex Market Microstructure](https://options.greeks.live/wp-content/uploads/2025/07/precision-execution-institutional-digital-asset-derivatives-rfq.jpg)

## Execution Alpha

Meaning ▴ Execution Alpha represents the quantifiable positive deviation from a benchmark price achieved through superior order execution strategies. </a><a href="https://prime.greeks.live/area/block-trade/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A close-up of a sophisticated, multi-component mechanism, representing the core of an institutional-grade Crypto Derivatives OS. Its precise engineering suggests high-fidelity execution and atomic settlement, crucial for robust RFQ protocols, ensuring optimal price discovery and capital efficiency in multi-leg spread trading](https://options.greeks.live/wp-content/uploads/2025/07/precision-rfq-engine-for-institutional-digital-asset-derivatives.jpg)

## Block Trade

Meaning ▴ A Block Trade constitutes a large-volume transaction of securities or digital assets, typically negotiated privately away from public exchanges to minimize market impact. </a><a href="https://prime.greeks.live/guide/why-the-public-order-book-is-costing-you-money-on-large-trades/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sharp, metallic instrument precisely engages a textured, grey object. This symbolizes High-Fidelity Execution within institutional RFQ protocols for Digital Asset Derivatives, visualizing precise Price Discovery, minimizing Slippage, and optimizing Capital Efficiency via Prime RFQ for Best Execution](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-rfq-protocols-precision-execution-prime-os-liquidity.jpg)

## Public Order

Stop bleeding profit on slippage; learn the institutional protocol for executing large trades at the price you command. </a><a href="https://prime.greeks.live/area/over-the-counter/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sphere split into light and dark segments, revealing a luminous core. This encapsulates the precise Request for Quote RFQ protocol for institutional digital asset derivatives, highlighting high-fidelity execution, optimal price discovery, and advanced market microstructure within aggregated liquidity pools](https://options.greeks.live/wp-content/uploads/2025/07/high-fidelity-execution-framework-for-institutional-digital-asset-derivatives-request-for-quote-protocol-optimization.jpg)

## Over-The-Counter

Meaning ▴ Over-the-Counter refers to a decentralized market where financial instruments are traded directly between two parties, bypassing a centralized exchange or public order book. </a><a href="https://prime.greeks.live/area/otc/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Sleek metallic structures with glowing apertures symbolize institutional RFQ protocols. These represent high-fidelity execution and price discovery across aggregated liquidity pools](https://options.greeks.live/wp-content/uploads/2025/07/precision-digital-asset-derivatives-trading-systems-optimizing-rfq-protocols-for-institutional-block-trade-execution.jpg)

## Otc

Meaning ▴ OTC, or Over-the-Counter, designates direct, bilateral transactions between two parties that occur outside the formal structure of a centralized exchange. </a><a href="https://prime.greeks.live/area/limit-order-book/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A focused view of a robust, beige cylindrical component with a dark blue internal aperture, symbolizing a high-fidelity execution channel. This element represents the core of an RFQ protocol system, enabling bespoke liquidity for Bitcoin Options and Ethereum Futures, minimizing slippage and information leakage](https://options.greeks.live/wp-content/uploads/2025/07/institutional-grade-digital-asset-derivatives-rfq-engine-core-precision-component.jpg)

## Limit Order Book

Meaning ▴ The Limit Order Book represents a dynamic, centralized ledger of all outstanding buy and sell limit orders for a specific financial instrument on an exchange. </a>

**Tags:** [CLOB](https://options.greeks.live/area/clob/), [Derivatives Trading](https://options.greeks.live/area/derivatives-trading/), [Over-the-Counter](https://options.greeks.live/area/over-the-counter/), [Order Book](https://options.greeks.live/area/order-book/), [RFQ System](https://options.greeks.live/area/rfq-system/), [Public Order Book](https://options.greeks.live/area/public-order-book/)	

## Discover More

- 
### [How to Use RFQ Systems for Superior Price Discovery](https://options.greeks.live/guide/how-to-use-rfq-systems-for-superior-price-discovery/)
![Interlocking transparent and opaque geometric planes on a dark surface. This abstract form visually articulates the intricate Market Microstructure of Institutional Digital Asset Derivatives, embodying High-Fidelity Execution through advanced RFQ protocols. It symbolizes Aggregated Inquiry, optimal Liquidity Pool access, and Atomic Settlement within a Principal OS.](https://options.greeks.live/wp-content/uploads/2025/07/geometric-abstraction-of-institutional-digital-asset-derivatives-market-microstructure-driving-high-fidelity-execution-via-principal-rfq-protocols-and-optimal-liquidity-aggregation.jpg)

Command your execution and access institutional-grade pricing with the strategic power of Request for Quote systems.

- 
### [Why RFQ Execution Is Your Edge in Derivatives Trading](https://options.greeks.live/guide/why-rfq-execution-is-your-edge-in-derivatives-trading/)
![A precision mechanism with a central circular core and a linear element extending to a sharp tip, encased in translucent material. This symbolizes an institutional RFQ protocol's market microstructure, enabling high-fidelity execution and price discovery for digital asset derivatives. It represents the Prime RFQ intelligence layer ensuring atomic settlement and capital efficiency.](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-institutional-digital-asset-derivatives-rfq-execution-engine-microstructure-facilitating-optimal-price-discovery-and-best-execution.jpg)

Command liquidity on your terms; RFQ execution is the professional's method for precision in derivatives trading.

- 
### [Mastering RFQ Protocols for Superior Derivatives Trade Execution](https://options.greeks.live/guide/mastering-rfq-protocols-for-superior-derivatives-trade-execution/)
![An Execution Management System module, with intelligence layer, integrates with a liquidity pool hub and RFQ protocol component. This signifies atomic settlement and high-fidelity execution within an institutional grade Prime RFQ, ensuring capital efficiency for digital asset derivatives.](https://options.greeks.live/wp-content/uploads/2025/08/prime-os-orchestrating-institutional-digital-asset-derivatives-rfq-protocols-for-optimal-execution.jpg)

Master the art of institutional-grade trade execution by commanding on-demand liquidity with RFQ systems.

- 
### [Why Request for Quote Is the Professional Standard for Serious Derivatives Traders](https://options.greeks.live/guide/why-request-for-quote-is-the-professional-standard-for-serious-derivatives-traders/)
![A meticulously engineered mechanism showcases a blue and grey striped block, representing a structured digital asset derivative, precisely engaged by a metallic tool. This setup illustrates high-fidelity execution within a controlled RFQ environment, optimizing block trade settlement and managing counterparty risk through robust market microstructure. It highlights a Prime RFQ intelligence layer.](https://options.greeks.live/wp-content/uploads/2025/08/precision-engineered-institutional-digital-asset-derivatives-rfq-execution.jpg)

For serious derivatives traders, RFQ is not just a tool; it's the professional standard for commanding liquidity on your terms.

- 
### [Why Request for Quote Is the Institutional Standard for Trading](https://options.greeks.live/guide/why-request-for-quote-is-the-institutional-standard-for-trading/)
![Parallel marked channels depict granular market microstructure across diverse institutional liquidity pools. A glowing cyan ring highlights an active Request for Quote RFQ for precise price discovery. A metallic probe signifies an algorithmic trading engine performing high-fidelity execution and atomic settlement.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-high-fidelity-execution-3.jpg)

Master institutional trading: Use RFQ to command liquidity, eliminate slippage, and execute with professional precision.

- 
### [Why Request-for-Quote Is Your Key to Deeper Liquidity](https://options.greeks.live/guide/why-request-for-quote-is-your-key-to-deeper-liquidity-2/)
![A beige and dark grey precision instrument with a luminous dome. This signifies an Institutional Grade platform for Digital Asset Derivatives and RFQ execution. It enables High-Fidelity Execution, Price Discovery, and Market Microstructure analysis, powered by a Prime RFQ Intelligence Layer.](https://options.greeks.live/wp-content/uploads/2025/08/institutional-rfq-digital-asset-derivatives-trading-system-intelligence.jpg)

Command your execution and access deeper liquidity with the Request-for-Quote system, the professional's tool for price precision.

- 
### [Why Institutional Traders Get Better Prices and How You Can Too](https://options.greeks.live/guide/why-institutional-traders-get-better-prices-and-how-you-can-too/)
![Abstract, sleek components, a dark circular disk and intersecting translucent blade, represent the precise Market Microstructure of an Institutional Digital Asset Derivatives RFQ engine. It embodies High-Fidelity Execution, Algorithmic Trading, and optimized Price Discovery within a robust Crypto Derivatives OS.](https://options.greeks.live/wp-content/uploads/2025/07/principals-rfq-system-for-digital-asset-derivatives-execution.jpg)

Access institutional-grade pricing and eliminate slippage by mastering the Request for Quote (RFQ) system for block trades.

- 
### [Mastering Options Execution for Superior Returns](https://options.greeks.live/guide/mastering-options-execution-for-superior-returns/)
![A sleek, dark, metallic system component features a central circular mechanism with a radiating arm, symbolizing precision in High-Fidelity Execution. This intricate design suggests Atomic Settlement capabilities and Liquidity Aggregation via an advanced RFQ Protocol, optimizing Price Discovery within complex Market Microstructure and Order Book Dynamics on a Prime RFQ.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-prime-os-high-fidelity-execution-protocol-liquidity-market-microstructure.jpg)

Command institutional-grade liquidity and execute complex options strategies with the precision of a professional.

- 
### [Minimize Slippage and Maximize Returns with Private Liquidity Sourcing](https://options.greeks.live/guide/minimize-slippage-and-maximize-returns-with-private-liquidity-sourcing/)
![An institutional-grade RFQ Protocol engine, with dual probes, symbolizes precise price discovery and high-fidelity execution. This robust system optimizes market microstructure for digital asset derivatives, ensuring minimal latency and best execution.](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-rfq-protocol-engine-for-optimal-price-discovery-and-high-fidelity-execution.jpg)

Command your execution. Access private liquidity for large-scale trades with zero slippage and absolute price certainty.

---

## Raw Schema Data

```json
{
    "@context": "https://schema.org",
    "@type": "BreadcrumbList",
    "itemListElement": [
        {
            "@type": "ListItem",
            "position": 1,
            "name": "Home",
            "item": "https://options.greeks.live"
        },
        {
            "@type": "ListItem",
            "position": 2,
            "name": "Guide",
            "item": "https://options.greeks.live/guide/"
        },
        {
            "@type": "ListItem",
            "position": 3,
            "name": "Why Request-for-Quote Is the Professional&#8217;s Execution Tool",
            "item": "https://options.greeks.live/guide/why-request-for-quote-is-the-professionals-execution-tool/"
        }
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "Organization",
    "@id": "https://greeks.live/#organization",
    "name": "Greeks.Live",
    "url": "https://greeks.live/",
    "description": "Greeks.live is the definitive toolkit for the professional options trader, dedicated to empowering our users with institutional-grade data, advanced analytics, and a comprehensive suite of trading tools designed to provide a decisive edge in the market. Every article and guide published under the Greeks.live name is a product of our deep commitment to data-driven analysis and our mission to support the global trading community.",
    "email": "support@greeks.live",
    "logo": {
        "@type": "ImageObject",
        "url": "https://options.greeks.live/wp-content/uploads/2025/07/Greeks.Live-Logo-Icon.svg"
    },
    "hasPart": [
        {
            "@type": "WebSite",
            "name": "About Us",
            "url": "https://about.greeks.live"
        },
        {
            "@type": "WebSite",
            "name": "App Download Page",
            "url": "https://about.greeks.live/#/download/basic_trade"
        },
        {
            "@type": "WebSite",
            "name": "Newcomers' Guide",
            "url": "https://twisty-sign-c8b.notion.site/Guide-for-Greeks-live-X-Deribit-Newbies-5a08a3052822427d800af6eaf3704c8d"
        },
        {
            "@type": "WebSite",
            "name": "Knowledge Base",
            "url": "https://linktr.ee/greeks.live"
        },
        {
            "@type": "WebSite",
            "name": "Option Terminology",
            "url": "https://greekslive.notion.site/88dfc00e7c584d4d8969b6302a79a12f?pvs=4"
        },
        {
            "@type": "WebSite",
            "name": "Terms of Service",
            "url": "https://greeks.live/#/tos"
        },
        {
            "@type": "WebSite",
            "name": "Disclaimer",
            "url": "https://greeks.live/#/disclaimer"
        }
    ],
    "sameAs": [
        "https://x.com/greekslive",
        "https://youtube.com/@greeks_live?si=-KjT0Lkw4WUCI0tD",
        "https://t.me/greekslive_notifications",
        "https://t.me/greekslive",
        "https://pinterest.com/greekslive/"
    ],
    "makesOffer": [
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "RFQ Platform",
                "url": "https://rfq.greeks.live",
                "description": "Execute institutional-grade block trades for crypto options and futures. This platform provides deep, over-the-counter (OTC) liquidity via a professional Request for Quote system.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Lending Tools",
                "url": "https://lend.greeks.live",
                "description": "Manage crypto lending and borrowing activities to earn yield or secure loans. This suite of tools helps users analyze interest rates and manage collateralized debt positions.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Data Lab",
                "url": "https://greeks.live/#/deribit/tools/datalab/BTC",
                "description": "Analyze historical and real-time options data with advanced metrics. This tool is designed for backtesting strategies and identifying market trends through comprehensive data visualization.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Profit & Loss Analysis (PnL)",
                "url": "https://greeks.live/#/deribit/tools/pnl_analysis",
                "description": "Track and analyze the Profit and Loss (PnL) of your options portfolio. This tool provides detailed performance metrics to help traders evaluate and refine their strategies.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Position Visualization",
                "url": "https://greeks.live/#/deribit/tools/pv/BTC",
                "description": "Visualize complex options positions and their corresponding risk profiles. This tool generates payoff diagrams to help traders intuitively understand potential profit, loss, and exposure.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Options Calculator",
                "url": "https://greeks.live/#/deribit/tools/calculator",
                "description": "Calculate the theoretical price and risk parameters ('the Greeks') of crypto options. An essential tool for pricing new trades and analyzing the sensitivity of existing positions.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Greeks.live Main Platform",
                "url": "https://greeks.live/",
                "description": "The central hub for the Greeks.live suite of professional cryptocurrency options and derivatives trading tools. Access analytics, manage positions, and explore the ecosystem.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Community Forum",
                "url": "https://t.greeks.live",
                "description": "Join the official Greeks.live community. Connect with other traders, share insights, and receive the latest updates directly from the team.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Greeks.live for Deribit",
                "url": "http://deribit.greeks.live",
                "description": "A dedicated interface for trading on the Deribit exchange. This platform leverages Greeks.live's advanced analytics and tools specifically for users of Deribit's options and futures markets.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Greeks.live for OKX",
                "url": "http://okx.greeks.live",
                "description": "A dedicated interface for trading on the OKX exchange. This platform integrates Greeks.live's powerful analytics with the OKX marketplace, focusing on its options and derivatives products.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "GLVS.AI Trading Platform",
                "url": "https://www.glvs.ai/",
                "description": "An AI-powered platform for automated crypto options trading. Leverage advanced algorithms and data-driven signals to develop and deploy sophisticated, hands-free trading strategies.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "API Testnet & Sandbox",
                "url": "https://test.greeks.live",
                "description": "A dedicated testnet environment for developers to test their API integrations and automated trading strategies. This sandbox allows for full functionality testing without risking real funds.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        }
    ],
    "subOrganization": [
        {
            "@type": "Organization",
            "name": "GreeksLive HK Co., Limited",
            "email": "support@greeks.live",
            "telephone": "+852-56418949",
            "address": {
                "@type": "PostalAddress",
                "streetAddress": "Unit 11, 27/F, K. Wah Centre, 191 Java Road",
                "addressLocality": "Hong Kong",
                "addressRegion": "North Point",
                "addressCountry": "CN",
                "postalCode": "0000"
            },
            "geo": {
                "@type": "GeoCoordinates",
                "latitude": "22.2932357",
                "longitude": "114.2022026"
            },
            "image": "https://options.greeks.live/wp-content/uploads/2025/08/Wah-Centre-Hong-Kong.jpg"
        }
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "Article",
    "mainEntityOfPage": {
        "@type": "WebPage",
        "@id": "https://options.greeks.live/guide/why-request-for-quote-is-the-professionals-execution-tool/"
    },
    "headline": "Why Request-for-Quote Is the Professional's Execution Tool \u25b4 Guide",
    "description": "Command liquidity on your terms. The professional's guide to precision execution with Request-for-Quote systems. \u25b4 Guide",
    "url": "https://options.greeks.live/guide/why-request-for-quote-is-the-professionals-execution-tool/",
    "datePublished": "2025-08-06T08:52:07+00:00",
    "dateModified": "2025-08-06T08:52:07+00:00",
    "articleSection": [
        "Guide"
    ],
    "author": {
        "@id": "https://greeks.live/#organization"
    },
    "publisher": {
        "@id": "https://greeks.live/#organization"
    },
    "image": {
        "@type": "ImageObject",
        "url": "https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-metallic-nodes-illustrating-rfq-protocols-for-multi-leg-digital-asset-derivatives-institutional-execution.jpg",
        "caption": "Polished metallic pipes, intricately connected by robust fasteners, symbolize the precision engineering underpinning institutional financial systems. This visual metaphor highlights the critical interconnectedness required for advanced RFQ Protocols, enabling seamless Multi-Leg Spread execution and effective Counterparty Risk mitigation. It underscores a robust Prime RFQ and Intelligence Layer for High-Fidelity Execution and efficient Price Discovery in Digital Asset Derivatives markets, ensuring Capital Efficiency and Best Execution for System Specialists."
    },
    "keywords": [
        "Block Trade",
        "Central Limit Order Book",
        "CLOB",
        "Derivatives Trading",
        "Execution Alpha",
        "Limit Order",
        "Limit Order Book",
        "Liquidity Providers",
        "Market Makers",
        "Market Microstructure",
        "Multi-Leg Execution",
        "Options Spreads",
        "Order Book",
        "OTC",
        "Over-the-Counter",
        "Price Discovery",
        "Public Order Book",
        "Request for Quote",
        "RFQ",
        "RFQ System",
        "Slippage"
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "WebSite",
    "url": "https://options.greeks.live/",
    "potentialAction": {
        "@type": "SearchAction",
        "target": "https://options.greeks.live/?s=search_term_string",
        "query-input": "required name=search_term_string"
    }
}
```


---

**Original URL:** https://options.greeks.live/guide/why-request-for-quote-is-the-professionals-execution-tool/
