# Why Your Large Trades Underperform and How to Fix It Now ▴ Guide

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

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![Abstract geometric planes in teal, navy, and grey intersect. A central beige object, symbolizing a precise RFQ inquiry, passes through a teal anchor, representing High-Fidelity Execution within Institutional Digital Asset Derivatives](https://options.greeks.live/wp-content/uploads/2025/07/rfq-protocols-for-digital-asset-derivatives-high-fidelity-execution-liquidity-aggregation-price-discovery-market-microstructure.jpg)

![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)

## The Physics of Price and Volume

Executing a significant trade is an entry into the fundamental physics of the market. Every order, large or small, is a force applied to the existing structure of liquidity. A large trade, by its very nature, exerts a substantial force that the [public market](https://prime.greeks.live/question/can-the-increased-use-of-rfqs-lead-to-a-less-informative-public-market-over-time/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) absorbs and reacts to. The performance of that trade is a direct consequence of how that force is applied.

The open market operates on a visible, sequential [order book](https://prime.greeks.live/area/order-book/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). Sending a large order directly into this environment is the equivalent of applying a blunt, instantaneous pressure. The market’s reaction is [price impact](https://prime.greeks.live/area/price-impact/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite), a measurable shift caused by the consumption of available liquidity at successive price levels. This is a neutral, mechanical process. It is the system functioning as designed.

Understanding this dynamic is the first step toward commanding your execution. The goal of a professional trader is to work in concert with these market mechanics. Sophisticated execution is about modulating the force of your order, shaping its size and timing to achieve a specific outcome. This requires moving beyond the simple market order and utilizing systems built for this express purpose.

These systems operate with a different set of physics, accessing liquidity and achieving price discovery through channels designed for size and discretion. They are the tools that allow a trader to express a strategic view with precision, ensuring the final execution price accurately reflects the initial thesis.

> The price impact of trades increases with trade size, reflecting the inventory risk borne by liquidity suppliers and the information contained within the order itself.

The Request for Quote ([RFQ](https://prime.greeks.live/area/rfq/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite)) system is a primary example of such a professional-grade mechanism. An RFQ functions as a formal, private negotiation. A trader broadcasts a request to 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), specifying the instrument and quantity. These market makers respond with firm, executable quotes.

The entire process occurs within a contained environment, separate from the public order flow. This structure provides two immediate operational advantages. First, it introduces competition for your order. Multiple [liquidity providers](https://prime.greeks.live/area/liquidity-providers/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) are vying to price your trade, which contributes to price discovery.

Second, it grants certainty. You receive a firm price for your entire order before you commit to the transaction, effectively defining your execution cost upfront.

This method is a deliberate shift in approach. It moves the act of trading from a reactive event on the public market to a proactive process of sourcing dedicated liquidity. The trader initiates and controls the terms of engagement. This is the foundational principle of institutional-grade execution.

It is about understanding the forces at play and choosing the most effective medium to channel your intentions. By doing so, you align your execution method with your strategic goals, making the act of trading itself a source of alpha. The following sections will detail the practical application of these systems, showing how to construct these trades and integrate them into a comprehensive investment operation.

![A glowing blue module with a metallic core and extending probe is set into a pristine white surface. This symbolizes an active institutional RFQ protocol, enabling precise price discovery and high-fidelity execution for digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-rfq-protocol-driving-institutional-digital-asset-derivatives-high-fidelity-execution-precise-price-discovery-for-block-trades-and-capital-efficiency.jpg)

![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)

## The Manual for Systemic Alpha Generation

Mastering professional execution is an active, hands-on discipline. It involves learning the mechanics of specific tools and applying them with strategic intent. This section provides the operational guide to transitioning from public market execution to a private, negotiated approach.

We will examine the granular details of using RFQ systems for both block trades and complex options strategies, and complement this with an understanding of algorithmic orders, which are essential tools for interacting with the open market in a measured, intelligent way. The objective is to build a complete toolkit for managing large orders, enabling you to select the right method for any given market condition and strategic requirement.

![An intricate system visualizes an institutional-grade Crypto Derivatives OS. Its central high-fidelity execution engine, with visible market microstructure and FIX protocol wiring, enables robust RFQ protocols for digital asset derivatives, optimizing capital efficiency via liquidity aggregation](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-engine-price-discovery.jpg)

## The Precision of Negotiated Liquidity

The RFQ process is a structured dialogue with the market’s deepest liquidity pools. Its power lies in its simplicity and discretion. Using this system effectively is a matter of understanding the procedural steps and the strategic decisions required at each stage. It is a repeatable process that yields consistent, predictable execution outcomes for large blocks of stock or digital assets.

First, you construct the request. This involves specifying the exact instrument, the total size of the order, and the side (buy or sell). At this stage, you also define the participants. A key feature of advanced RFQ platforms is the ability to curate your list of responding market makers.

You can select liquidity providers based on their historic competitiveness in a particular asset, their specialization, or your existing relationship. This curated approach ensures your request is only seen by the most relevant counterparties, maintaining confidentiality. The request is then submitted to the platform, which disseminates it to your chosen market makers simultaneously. This initiates a competitive auction for your order, conducted privately and within a set timeframe, often lasting just a minute or two.

Second, you evaluate the responses. Market makers will return firm, executable quotes. The platform will aggregate these responses in a clear format, showing the price and any associated conditions. Your decision is based on identifying the best bid or offer.

The “best” price is the primary determinant, yet the process also provides valuable market color. The range of quotes can indicate the current appetite for risk among professional liquidity providers. A tight spread between quotes suggests a deep and competitive market, while a wide spread might signal uncertainty or shallow liquidity. Accepting a quote is a one-click action that executes the entire block at the agreed-upon price.

The trade is settled, and the process is complete. The key outcome is the elimination of [slippage](https://prime.greeks.live/area/slippage/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). Your execution price is known and locked before you transact.

![A sleek, institutional-grade RFQ engine precisely interfaces with a dark blue sphere, symbolizing a deep latent liquidity pool for digital asset derivatives. This robust connection enables high-fidelity execution and price discovery for Bitcoin Options and multi-leg spread strategies](https://options.greeks.live/wp-content/uploads/2025/07/institutional-crypto-derivatives-rfq-engine-linking-deep-liquidity-pools.jpg)

## A Comparative Guide to Algorithmic Execution

While RFQ is a tool for sourcing liquidity off-book, algorithmic strategies are designed to intelligently work an order on the lit markets. These algorithms break a large parent order into smaller child orders, executing them over time according to a set of rules. They are indispensable when the strategy requires participation in the public market or when an RFQ is not suitable. Understanding the main types of algorithms allows a trader to choose the right tool for the job.

- **Volume-Weighted [Average Price](https://prime.greeks.live/guide/the-definitive-guide-to-beating-the-markets-average-price/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) ([VWAP](https://prime.greeks.live/area/vwap/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite))** This algorithm’s objective is to execute your order at or near the volume-weighted average price for the day. It does this by breaking up your order and releasing child orders in proportion to historical and real-time volume patterns. A VWAP strategy is more active when market volume is high and less active when it is low. This approach is designed for passive execution, where the goal is to minimize market footprint and participate with the natural flow of the market. It is well-suited for less urgent orders where the benchmark is the average price over a full trading session.

- **Time-Weighted Average Price (TWAP)** This algorithm executes orders at a constant, even pace over a specified time period. It slices the parent order into equally sized child orders and sends them to the market at regular intervals, regardless of volume. A TWAP strategy provides a more predictable execution schedule. This makes it suitable for situations where a steady execution pace is desired, or in markets where volume profiles are erratic or unpredictable. It is a simple and effective tool for spreading execution over a specific window.

- **Percentage of Volume (POV)** This strategy maintains a target participation rate in the market. You specify a percentage, for example 10%, and the algorithm will adjust its execution speed to consistently account for 10% of the total traded volume in the market. This is a more adaptive strategy. If market volume surges, the algorithm will trade more aggressively. If volume dries up, it will slow down. A POV approach is useful for traders who want to balance market impact with the speed of execution, dynamically adjusting to changing liquidity conditions.

- **[Implementation Shortfall](https://prime.greeks.live/area/implementation-shortfall/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) (IS)** Also known as an arrival price strategy, this is the most sophisticated of the common algorithms. Its goal is to minimize the total cost of execution relative to the market price at the moment the order was initiated. It does this by dynamically balancing market impact cost (the cost of executing quickly) against timing risk (the risk of the price moving adversely while you wait). An IS algorithm will be more aggressive when it senses favorable conditions or momentum and more passive when it perceives higher impact costs. This strategy is designed for urgent orders where the primary benchmark is the price at the time of the decision.

![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)

## Executing Complex Options Structures

The principles of professional execution extend directly to the options market, where trade sizes and complexity introduce similar challenges. A large, multi-leg options strategy, such as a collar, spread, or straddle, involves executing multiple contracts simultaneously. Attempting to “leg” into such a position on the open market by executing each part separately introduces significant risk. The price of one leg can move while you are trying to execute another, resulting in a final position that is far from your intended structure and price.

RFQ systems are purpose-built for this challenge. They allow you to request a single, all-in price for a complex options package. You define the entire structure ▴ for example, buying one call and selling another in a vertical spread ▴ as a single unit. Market makers then compete to provide a net debit or credit for the entire package.

This has several profound advantages. It guarantees the integrity of the structure. All legs are executed at once, at a known net price. It also sources liquidity from specialist options market makers who are equipped to price and hedge complex positions.

This often results in better pricing than what might be available on the public screen, especially for less liquid strikes or expirations. The process is identical ▴ you build the package, send the RFQ to a curated list of options liquidity providers, and receive competitive, executable quotes for the entire structure. This transforms a complex, risky execution into a clean, efficient, and predictable transaction.

![Sharp, transparent, teal structures and a golden line intersect a dark void. This symbolizes market microstructure for institutional digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-precision-execution-leveraging-granular-market-microstructure-intelligence.jpg)

![Abstractly depicting an Institutional Grade Crypto Derivatives OS component. Its robust structure and metallic interface signify precise Market Microstructure for High-Fidelity Execution of RFQ Protocol and Block Trade orders](https://options.greeks.live/wp-content/uploads/2025/07/principals-integrated-crypto-derivatives-rfq-protocol-architecture.jpg)

## Integrating Execution as a Core Competency

Mastering individual execution tools is the precursor to a more holistic, strategic approach. The ultimate goal is to embed this capability into the very fabric of your investment process. This means viewing execution not as the final step in an investment decision, but as an integral component of portfolio construction, risk management, and alpha generation.

When you command your execution, you unlock new possibilities for portfolio-level strategies that are simply unavailable to those who rely on basic market orders. This section explores how to elevate your execution skill into a durable, systemic advantage.

A primary application is in the management of large-scale portfolio adjustments. Consider a strategic rebalancing from one sector to another, or the deployment of a significant new allocation of capital. Such an operation involves multiple large trades. A professional approach coordinates these trades as a single, unified project.

You can use a combination of tools to achieve the objective. RFQs can be used to move the largest, most concentrated positions with discretion and certainty. Simultaneously, algorithmic strategies like VWAP or POV can be deployed to execute the less concentrated positions over the course of the day or even multiple days, blending the flow into the market to minimize friction. This coordinated methodology allows for a smooth, efficient, and low-impact portfolio transition. It is the industrial-scale application of the principles we have discussed, moving beyond single-trade optimization to portfolio-level efficiency.

![Intersecting translucent blue blades and a reflective sphere depict an institutional-grade algorithmic trading system. It ensures high-fidelity execution of digital asset derivatives via RFQ protocols, facilitating precise price discovery within complex market microstructure and optimal block trade routing](https://options.greeks.live/wp-content/uploads/2025/07/precision-algorithmic-execution-infrastructure-for-institutional-digital-asset-derivatives-leveraging-advanced-rfq-protocols.jpg)

## Sourcing Liquidity as a Strategic Skill

Consistently achieving superior execution fosters a new perspective on market liquidity. You begin to see it not as a passive feature of the market, but as a resource to be actively sourced, cultivated, and accessed. This involves building relationships with liquidity providers and understanding their specific strengths. Some market makers may specialize in certain asset classes, while others may be more competitive during specific market conditions.

An advanced RFQ platform provides the data and tools to track the performance of different counterparties, allowing you to refine your curated lists over time. You are, in effect, building your own private, high-performance liquidity pool.

This capability directly translates into a performance edge. When an opportunity arises, whether it is a tactical trade or a long-term investment, your ability to execute it efficiently and at scale becomes a key determinant of its success. You can take on larger position sizes with confidence, knowing you have the mechanisms to enter and exit without telegraphing your intent to the broader market or incurring prohibitive transaction costs. This is particularly valuable in less liquid markets or in assets where the on-screen order book is thin.

The ability to find and transact in institutional size where others cannot is a significant and sustainable advantage. It transforms liquidity from a constraint into an opportunity.

![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)

## The Mandate for Deliberate Action

The market is a dynamic system governed by clear principles of cause and effect. Your actions within this system produce predictable results. Adopting a professional, systematic approach to trade execution is a decision to engage with the market on your own terms. It is a commitment to transforming the act of trading from a source of cost and uncertainty into a pillar of strategic strength.

The tools and methods detailed here are the building blocks of this capability. They provide a direct path to greater precision, control, and performance. The ultimate outcome is an investment operation that is robust, efficient, and fully aligned with your highest ambitions. This is the new standard for any serious market participant.

![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](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)

## Glossary

<a href="https://prime.greeks.live/question/can-the-increased-use-of-rfqs-lead-to-a-less-informative-public-market-over-time/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sleek, dark teal, curved component showcases a silver-grey metallic strip with precise perforations and a central slot. This embodies a Prime RFQ interface for institutional digital asset derivatives, representing high-fidelity execution pathways and FIX Protocol integration](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-engine.jpg)

## Public Market

Increased RFQ use structurally diverts information-rich flow, diminishing the public market's completeness over time. </a><a href="https://prime.greeks.live/area/price-impact/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Intersecting multi-asset liquidity channels with an embedded intelligence layer define this precision-engineered framework. It symbolizes advanced institutional digital asset RFQ protocols, visualizing sophisticated market microstructure for high-fidelity execution, mitigating counterparty risk and enabling atomic settlement across crypto derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-rfq-execution-system-microstructure-dynamics.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/order-book/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sleek, multi-component mechanism features a light upper segment meeting a darker, textured lower part. A diagonal bar pivots on a circular sensor, signifying High-Fidelity Execution and Price Discovery via RFQ Protocols for Digital Asset Derivatives](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-institutional-digital-asset-derivatives-rfq-execution-microstructure-for-optimal-price-discovery-and-atomic-settlement-with-prime-os-integration.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/market-makers/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sharp, crystalline spearhead symbolizes high-fidelity execution and precise price discovery for institutional digital asset derivatives. Resting on a reflective surface, it evokes optimal liquidity aggregation within a sophisticated RFQ protocol environment, reflecting complex market microstructure and advanced algorithmic trading strategies](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-precision-execution.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/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Abstract forms depict interconnected institutional liquidity pools and intricate market microstructure. Sharp algorithmic execution paths traverse smooth aggregated inquiry surfaces, symbolizing high-fidelity execution within a Principal's operational framework](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-microstructure-prime-os-1.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/liquidity-providers/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Abstract layers and metallic components depict institutional digital asset derivatives market microstructure. They symbolize multi-leg spread construction, robust FIX Protocol for high-fidelity execution, and private quotation](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-digital-asset-derivatives-rfq-protocol-high-fidelity-execution.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/slippage/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Abstract geometric planes, translucent teal representing dynamic liquidity pools and implied volatility surfaces, intersect a dark bar. This signifies FIX protocol driven algorithmic trading and smart order routing](https://options.greeks.live/wp-content/uploads/2025/07/optimized-institutional-digital-asset-derivatives-rfq-liquidity-aggregation.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/guide/the-definitive-guide-to-beating-the-markets-average-price/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A modular component, resembling an RFQ gateway, with multiple connection points, intersects a high-fidelity execution pathway. This pathway extends towards a deep, optimized liquidity pool, illustrating robust market microstructure for institutional digital asset derivatives trading and atomic settlement](https://options.greeks.live/wp-content/uploads/2025/07/rfq-protocol-layer-connecting-institutional-digital-asset-liquidity-pools.jpg)

## Average Price

Stop accepting the market's price. </a><a href="https://prime.greeks.live/area/vwap/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![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)

## Vwap

Meaning ▴ VWAP, or Volume-Weighted Average Price, is a transaction cost analysis benchmark representing the average price of a security over a specified time horizon, weighted by the volume traded at each price point. </a><a href="https://prime.greeks.live/area/implementation-shortfall/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A polished metallic control knob with a deep blue, reflective digital surface, embodying high-fidelity execution within an institutional grade Crypto Derivatives OS. This interface facilitates RFQ Request for Quote initiation for block trades, optimizing price discovery and capital efficiency in digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-control-system-interface.jpg)

## Implementation Shortfall

Meaning ▴ Implementation Shortfall quantifies the total cost incurred from the moment a trading decision is made to the final execution of the order. </a>

**Tags:** [Algorithmic Execution](https://options.greeks.live/area/algorithmic-execution/), [Market Microstructure](https://options.greeks.live/area/market-microstructure/), [VWAP](https://options.greeks.live/area/vwap/), [Liquidity Sourcing](https://options.greeks.live/area/liquidity-sourcing/), [Price Impact](https://options.greeks.live/area/price-impact/), [RFQ](https://options.greeks.live/area/rfq/)	

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A hybrid RFQ-algorithmic model is optimal for large, illiquid, or complex orders to minimize impact by securing a block off-book first.

- 
### [Your Guide to Deep Liquidity and Superior Returns](https://options.greeks.live/guide/your-guide-to-deep-liquidity-and-superior-returns/)
![A futuristic, metallic sphere, the Prime RFQ engine, anchors two intersecting blade-like structures. These symbolize multi-leg spread strategies and precise algorithmic execution for institutional digital asset derivatives. Blue luminescence signifies real-time price discovery and optimal RFQ protocol routing across aggregated liquidity pools.](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-for-high-fidelity-rfq-execution-in-digital-asset-derivatives.jpg)

Your guide to commanding deep liquidity for superior returns, moving beyond market prices to create your own.

- 
### [Mastering Block Trades and Options Spreads with RFQ](https://options.greeks.live/guide/mastering-block-trades-and-options-spreads-with-rfq/)
![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)

Stop chasing liquidity. Command it. The guide to professional-grade execution with RFQ for blocks and spreads.

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---

**Original URL:** https://options.greeks.live/guide/why-your-large-trades-underperform-and-how-to-fix-it-now/
