# What Is the Process for Onboarding as an Institutional Client on an RFQ Platform? ▴ Question

**Published:** 2025-08-07
**Categories:** Question

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![A teal sphere with gold bands, symbolizing a discrete digital asset derivative block trade, rests on a precision electronic trading platform. This illustrates granular market microstructure and high-fidelity execution within an RFQ protocol, driven by a Prime RFQ intelligence layer](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivative-rfq-protocol-high-fidelity-execution-platform-microstructure-intelligence-layer.jpg)

![Abstract visualization of institutional digital asset RFQ protocols. Intersecting elements symbolize high-fidelity execution slicing dark liquidity pools, facilitating precise price discovery](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-rfq-protocol-execution-intelligence-layer.jpg)

## Concept

The initiation of a relationship with a request-for-quote platform represents a foundational moment, establishing the operational and legal architecture for all future trading activity. This procedural sequence is the mechanism by which an institutional client and a platform perform mutual due diligence, aligning the client’s complex execution requirements with the platform’s specific technological and liquidity frameworks. It is a structured dialogue designed to integrate the client into a secure, regulated, and efficient ecosystem for [bilateral price discovery](https://prime.greeks.live/area/bilateral-price-discovery/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite).

At its core, the [onboarding process](https://prime.greeks.live/area/onboarding-process/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) serves as a critical gating mechanism. For the platform, it is the method for verifying the institutional nature of the counterparty, ensuring compliance with global Anti-Money Laundering (AML) and Know Your Customer (KYC) mandates, and confirming the client’s capacity to meet the financial obligations of its trading activity. For the institutional client, this process provides a transparent view into the platform’s operational integrity, technical capabilities, and the legal terms that will govern every transaction. It is the opportunity to configure access, define risk controls, and establish the precise settlement pathways required for its unique operational structure.

> The onboarding experience is a primary determinant in a client’s decision to commit to a platform, directly influencing long-term institutional relationships.

This sequence of events moves far beyond a simple account opening. It is an in-depth calibration exercise. The information and documentation exchanged are the inputs for creating a bespoke trading environment.

This includes tailoring user permissions, establishing appropriate trading limits, and integrating the client’s own order or execution management systems (OMS/EMS) with the platform’s infrastructure via protocols like the Financial Information eXchange (FIX). The successful completion of this process results in the activation of a trading account that is not merely a generic portal, but a purpose-built gateway to a specific pool of liquidity, governed by a precise set of rules and risk parameters.

![A sleek spherical mechanism, representing a Principal's Prime RFQ, features a glowing core for real-time price discovery. An extending plane symbolizes high-fidelity execution of institutional digital asset derivatives, enabling optimal liquidity, multi-leg spread trading, and capital efficiency through advanced RFQ protocols](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-platform-for-high-fidelity-execution-and-optimal-liquidity.jpg)

![Two sleek, distinct colored planes, teal and blue, intersect. Dark, reflective spheres at their cross-points symbolize critical price discovery nodes](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocols-multi-leg-execution-liquidity.jpg)

## Strategy

Approaching [RFQ platform](https://prime.greeks.live/area/rfq-platform/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) onboarding with a strategic mindset transforms the process from a procedural obligation into a competitive advantage. The primary objective is to construct a resilient and efficient operational framework that minimizes friction while maximizing control over execution and risk. This involves a deliberate approach to each phase of the onboarding journey, recognizing that the choices made here will have lasting implications for trading performance, capital efficiency, and regulatory standing.

![A gold-hued precision instrument with a dark, sharp interface engages a complex circuit board, symbolizing high-fidelity execution within institutional market microstructure. This visual metaphor represents a sophisticated RFQ protocol facilitating private quotation and atomic settlement for digital asset derivatives, optimizing capital efficiency and mitigating counterparty risk](https://options.greeks.live/wp-content/uploads/2025/08/institutional-grade-precision-execution-engine-optimizing-digital-asset-derivatives-rfq-protocols-within-market-microstructure.jpg)

## The Legal Architecture as a Strategic Asset

The legal and compliance phase is the bedrock of the institutional relationship. It is where the rules of engagement are formally codified. A strategic approach to this stage involves a thorough review and negotiation of key documents to ensure they align with the institution’s internal risk policies and operational procedures.

- **[Master Services Agreement](https://prime.greeks.live/area/master-services-agreement/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) (MSA)** ▴ This document governs the overall relationship. A strategic review focuses on clauses related to liability, data privacy, confidentiality, and service-level commitments. The goal is to ensure the platform’s obligations for uptime and performance are clearly defined.

- **Trading Agreements** ▴ These documents outline the specific terms for executing trades on the platform. Key areas of focus include the definition of a firm quote, trade finality, error resolution protocols, and fee structures. Aligning these terms with the institution’s execution strategy is paramount.

- **Compliance Declarations** ▴ Providing accurate information for AML, KYC, and Ultimate Beneficial Ownership (UBO) declarations is a regulatory necessity. A strategic approach involves preparing a standardized package of these documents in advance, allowing for rapid submission to multiple platforms and accelerating the time-to-trade.

![Sleek metallic components with teal luminescence precisely intersect, symbolizing an institutional-grade Prime RFQ. This represents multi-leg spread execution for digital asset derivatives via RFQ protocols, ensuring high-fidelity execution, optimal price discovery, and capital efficiency](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocols-best-execution-system.jpg)

## Aligning Technical Integration with Trading Intent

The [technical integration](https://prime.greeks.live/question/what-are-the-most-common-challenges-encountered-during-the-technical-implementation-of-rfp-grc-integration/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) phase is where the institution’s [trading strategy](https://prime.greeks.live/area/trading-strategy/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) is translated into operational reality. The choice of connectivity and the configuration of the trading environment are critical strategic decisions. A sophisticated institution selects its integration method based on its specific latency requirements, trade frequency, and the complexity of its orders.

> Automated data collection and electronic identity verification are central to streamlining the onboarding process, reducing manual errors and enhancing compliance efficiency.

The platform’s role is to provide a flexible architecture that can accommodate diverse institutional needs. This means offering a range of integration options and working consultatively with the client’s technology team to ensure a seamless connection. The strategic goal for the client is to achieve a state of high-fidelity execution, where the technical setup perfectly mirrors the intended trading strategy without introducing unnecessary latency or operational risk.

### Strategic Comparison of Platform Integration Methods

| Integration Method | Typical User Profile | Strategic Advantage | Key Considerations |
| --- | --- | --- | --- |
| Graphical User Interface (GUI) | Discretionary Traders, Portfolio Managers, Family Offices | Provides a rich visual context for trading, direct access to all features, and ease of use for complex multi-leg orders. | Not suitable for high-frequency or automated strategies; reliant on manual input. |
| FIX API | Systematic Hedge Funds, Asset Managers with OMS/EMS | Offers low-latency, high-throughput connectivity for automated order routing, execution, and post-trade processing. The industry standard for institutional electronic trading. | Requires significant technical resources for implementation, testing, and maintenance. |
| REST API | Quantitative Firms, Technology-driven Institutions | Provides a flexible, web-based integration method for accessing data, managing orders, and building custom applications. Often used for less latency-sensitive functions. | May have higher latency compared to FIX; standardization can vary between platforms. |

![A translucent digital asset derivative, like a multi-leg spread, precisely penetrates a bisected institutional trading platform. This reveals intricate market microstructure, symbolizing high-fidelity execution and aggregated liquidity, crucial for optimal RFQ price discovery within a Principal's Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/digital-asset-derivatives-rfq-execution-platform-microstructure.jpg)

![A luminous blue Bitcoin coin rests precisely within a sleek, multi-layered platform. This embodies high-fidelity execution of digital asset derivatives via an RFQ protocol, highlighting price discovery and atomic settlement](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-execution-precision-3.jpg)

## Execution

The execution of an institutional onboarding process for an RFQ platform is a multi-stage project that demands precision, coordination, and transparency from both the client and the platform provider. It is a structured workflow designed to move from initial contact to live trading in a secure and auditable manner. Each phase contains specific procedural steps and deliverables that must be completed to unlock the subsequent stage.

![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)

## Phase 1 the Initial Engagement and Diligence Protocol

This foundational phase establishes the commercial and operational viability of the relationship. It begins with the institutional client’s inquiry and proceeds through a structured discovery process.

- **Needs Analysis** ▴ The platform’s relationship management team engages with the prospective client to understand their specific requirements. This includes the asset classes they trade, their typical trade sizes and complexity, their desired liquidity providers, and their technical integration capabilities.

- **Platform Demonstration** ▴ A tailored demonstration of the RFQ platform is provided, focusing on the features and workflows most relevant to the client’s stated needs. This is an opportunity for the client to assess the user interface, risk management tools, and post-trade reporting functionalities.

- **Preliminary Due Diligence** ▴ The platform conducts an initial screening of the client to confirm its institutional nature and to identify any immediate red flags. Concurrently, the client performs its own diligence on the platform, assessing its regulatory licenses, security protocols, and market reputation.

![Translucent circular elements represent distinct institutional liquidity pools and digital asset derivatives. A central arm signifies the Prime RFQ facilitating RFQ-driven price discovery, enabling high-fidelity execution via algorithmic trading, optimizing capital efficiency within complex market microstructure](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-best-execution-framework.jpg)

## Phase 2 the Compliance and Legal Gateway

This phase represents the most document-intensive part of the process, where the legal and regulatory foundation of the trading relationship is built. Successful execution requires the client to assemble and submit a comprehensive package of corporate and compliance documentation.

> A well-executed onboarding process can significantly improve client satisfaction and reduce the time required to become fully operational.

The core of this phase is the satisfaction of KYC and AML requirements. The platform’s compliance team will request and review a specific set of documents to verify the identity of the corporate entity and its beneficial owners.

- **Corporate Documentation** ▴ This typically includes the Certificate of Incorporation, Memorandum and Articles of Association, and a recent Certificate of Good Standing.

- **Ownership and Control** ▴ A detailed shareholding structure chart is required, identifying all entities and individuals with a significant ownership stake, tracing back to the Ultimate Beneficial Owners (UBOs). For each UBO, certified identification documents are necessary.

- **Financial Standing** ▴ The client must provide evidence of its financial status, which can be satisfied with recent audited financial statements or management accounts.

- **Regulatory Status** ▴ The client provides details of any regulatory licenses it holds and a copy of its internal AML and compliance policies.

The platform’s back-office team meticulously reviews every document submitted. Any refusal to provide required information or the submission of misleading data will result in the immediate termination of the onboarding process. This rigorous, unforgiving standard is essential for maintaining the integrity of the entire trading ecosystem.

![Visualizing a complex Institutional RFQ ecosystem, angular forms represent multi-leg spread execution pathways and dark liquidity integration. A sharp, precise point symbolizes high-fidelity execution for digital asset derivatives, highlighting atomic settlement within a Prime RFQ framework](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocols-high-fidelity-execution-1.jpg)

## Phase 3 System Integration and Technological Architecture

Upon successful completion of the legal and compliance gateway, the focus shifts to the technical setup. This is a collaborative effort between the client’s technology team and the platform’s integration specialists. The goal is to establish a secure and reliable connection and to configure the trading environment according to the client’s precise specifications. This phase is where the theoretical trading strategy becomes a practical reality, and its importance cannot be overstated.

A failure in the meticulous execution of this stage can introduce unacceptable operational risks, negate the benefits of a low-latency connection, or lead to costly trade errors. Therefore, a period of rigorous, structured testing in a sandbox environment is not merely a suggestion; it is a mandatory prerequisite for any institutional-grade activation. This testing must simulate a range of scenarios, from simple quote requests to complex, multi-leg order executions under stressed market conditions, including the testing of all kill-switch and pre-trade risk functionalities. Only after the successful sign-off on all test cases by both parties can the process move forward.

### Onboarding Project Timeline An Illustrative Model

| Milestone | Task Detail | Responsible Party | Typical Duration | Dependency |
| --- | --- | --- | --- | --- |
| Phase 1 Complete | Mutual signing of Non-Disclosure Agreement (NDA) and completion of initial discovery calls. | Client & Platform | 1-3 Business Days | Initial Contact |
| Legal Docs Submitted | Client provides the full package of KYC/AML and corporate documentation. | Client | 3-10 Business Days | Phase 1 Complete |
| Compliance Review | Platform’s compliance team reviews all submitted documents, performs background checks, and may request clarifications. | Platform | 5-15 Business Days | Legal Docs Submitted |
| Agreements Executed | MSA and Trading Agreements are negotiated, finalized, and signed by both parties. | Client & Platform | 5-10 Business Days | Compliance Review Passed |
| Technical Kick-off | Integration teams from both sides meet to finalize the connectivity plan (FIX/API/GUI). | Client & Platform | 1-2 Business Days | Agreements Executed |
| Sandbox Testing | Client connects to the platform’s test environment to certify order routing, market data, and risk controls. | Client | 5-20 Business Days | Technical Kick-off |
| Account Funded | Client transfers initial collateral or margin to the segregated account as per the agreement. | Client | 1-3 Business Days | Agreements Executed |
| Go-Live | The client’s account is formally activated for live trading on the production environment. | Platform | 1 Business Day | All Previous Steps |

![Abstract geometry illustrates interconnected institutional trading pathways. Intersecting metallic elements converge at a central hub, symbolizing a liquidity pool or RFQ aggregation point for high-fidelity execution of digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-cross-market-microstructure-for-digital-asset-derivatives.jpg)

## Phase 4 Activation and Post-Onboarding Support

The final phase involves the formal activation of the account and the transition to an ongoing support model. The platform issues the production trading credentials to the authorized users at the client institution. A final series of connectivity tests is performed on the live environment.

Once the client has funded their account and all tests are passed, the platform officially moves the client to “active” status. The relationship then transitions from the onboarding team to a dedicated account manager or support desk, who will serve as the primary point of contact for all future trading activity, technical issues, and platform enhancements.

![A robust, multi-layered institutional Prime RFQ, depicted by the sphere, extends a precise platform for private quotation of digital asset derivatives. A reflective sphere symbolizes high-fidelity execution of a block trade, driven by algorithmic trading for optimal liquidity aggregation within market microstructure](https://options.greeks.live/wp-content/uploads/2025/07/robust-institutional-platform-for-digital-asset-derivatives-rfq-protocols-and-optimized-liquidity-aggregation.jpg)

## References

- Harris, L. (2003). Trading and Exchanges ▴ Market Microstructure for Practitioners. Oxford University Press.

- O’Hara, M. (1995). Market Microstructure Theory. Blackwell Publishing.

- Financial Action Task Force. (2020). Guidance on Digital Identity. FATF, Paris, France.

- International Organization of Securities Commissions. (2018). IOSCO Annual Report.

- Basel Committee on Banking Supervision. (2016). Sound management of risks related to money laundering and financing of terrorism. Bank for International Settlements.

- Lehalle, C. A. & Laruelle, S. (Eds.). (2013). Market Microstructure in Practice. World Scientific Publishing.

- UK Financial Conduct Authority. (2017). Senior Management Arrangements, Systems and Controls (SYSC). FCA Handbook.

- U.S. Securities and Exchange Commission. (2010). Final Rule ▴ Risk Management Controls for Brokers or Dealers with Market Access.

![Modular institutional-grade execution system components reveal luminous green data pathways, symbolizing high-fidelity cross-asset connectivity. This depicts intricate market microstructure facilitating RFQ protocol integration for atomic settlement of digital asset derivatives within a Principal's operational framework, underpinned by a Prime RFQ intelligence layer](https://options.greeks.live/wp-content/uploads/2025/07/modular-high-fidelity-execution-architecture-for-institutional-digital-asset-derivatives-rfq-protocol-integration-and-principals-operational-framework-optimization.jpg)

## Reflection

![A crystalline droplet, representing a block trade or liquidity pool, rests precisely on an advanced Crypto Derivatives OS platform. Its internal shimmering particles signify aggregated order flow and implied volatility data, demonstrating high-fidelity execution and capital efficiency within market microstructure, facilitating private quotation via RFQ protocols](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-prime-os-rfq-protocol-best-execution.jpg)

## From Procedure to Protocol

Viewing the onboarding sequence merely as a set of procedural hurdles is a fundamental misinterpretation of its purpose. A more refined perspective sees it as the joint construction of a personalized trading protocol. How does your institution’s current approach to engaging new platforms reflect this distinction?

Does the process feel like an administrative task to be completed, or a strategic opportunity to be seized? The answers to these questions reveal much about an organization’s operational maturity.

The architecture of this initial engagement sets the trajectory for the entire relationship. It is the moment where an institution’s demand for high-fidelity execution meets the platform’s supply of structured liquidity. The diligence, documentation, and technical integration are the foundational elements of a system designed for resilience and performance.

The true potential of an RFQ platform is unlocked not on the first trade, but in the meticulous calibration that precedes it. This is the first, and perhaps most critical, execution.

![Close-up of intricate mechanical components symbolizing a robust Prime RFQ for institutional digital asset derivatives. These precision parts reflect market microstructure and high-fidelity execution within an RFQ protocol framework, ensuring capital efficiency and optimal price discovery for Bitcoin options](https://options.greeks.live/wp-content/uploads/2025/07/engineered-core-systems-driving-institutional-digital-asset-derivatives-rfq-protocol-execution.jpg)

## Glossary

<a href="https://prime.greeks.live/area/bilateral-price-discovery/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A teal-colored digital asset derivative contract unit, representing an atomic trade, rests precisely on a textured, angled institutional trading platform. This suggests high-fidelity execution and optimized market microstructure for private quotation block trades within a secure Prime RFQ environment, minimizing slippage](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-execution-engine-optimization.jpg)

## Bilateral Price Discovery

Meaning ▴ Bilateral Price Discovery refers to the process where two market participants directly negotiate and agree upon a price for a financial instrument or asset. </a><a href="https://prime.greeks.live/area/onboarding-process/?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)

## Onboarding Process

Meaning ▴ The Onboarding Process defines the structured sequence of actions required to establish a new institutional client's operational and legal nexus within a digital asset derivatives trading ecosystem. </a><a href="https://prime.greeks.live/area/rfq-platform/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A precision-engineered institutional digital asset derivatives execution system cutaway. The teal Prime RFQ casing reveals intricate market microstructure](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-prime-os-rfq-protocol-core-engine.jpg)

## Rfq Platform

Meaning ▴ An RFQ Platform is an electronic system engineered to facilitate price discovery and execution for financial instruments, particularly those characterized by lower liquidity or requiring bespoke terms, by enabling an initiator to solicit competitive bids and offers from multiple designated liquidity providers. </a><a href="https://prime.greeks.live/area/master-services-agreement/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Abstract depiction of an advanced institutional trading system, featuring a prominent sensor for real-time price discovery and an intelligence layer. Visible circuitry signifies algorithmic trading capabilities, low-latency execution, and robust FIX protocol integration for digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-prime-os-high-fidelity-rfq-protocols.jpg)

## Master Services Agreement

Meaning ▴ The Master Services Agreement (MSA) establishes a comprehensive legal and operational framework governing institutional counterparty relationships for future digital asset derivative transactions. </a><a href="https://prime.greeks.live/question/what-are-the-most-common-challenges-encountered-during-the-technical-implementation-of-rfp-grc-integration/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A robust, dark metallic platform, indicative of an institutional-grade execution management system. Its precise, machined components suggest high-fidelity execution for digital asset derivatives via RFQ protocols](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-platform-high-fidelity-price-discovery-and-atomic-settlement-infrastructure.jpg)

## Technical Integration

Integrating RFP and GRC systems requires reconciling disparate data models and automating cross-functional workflows. </a><a href="https://prime.greeks.live/area/trading-strategy/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![An intricate, blue-tinted central mechanism, symbolizing an RFQ engine or matching engine, processes digital asset derivatives within a structured liquidity conduit. Diagonal light beams depict smart order routing and price discovery, ensuring high-fidelity execution and atomic settlement for institutional-grade trading](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-platform-prime-os.jpg)

## Trading Strategy

Meaning ▴ A Trading Strategy represents a codified set of rules and parameters for executing transactions in financial markets, meticulously designed to achieve specific objectives such as alpha generation, risk mitigation, or capital preservation. </a>

**Tags:** [Electronic Trading Onboarding](https://options.greeks.live/area/electronic-trading-onboarding/), [Ultimate Beneficial Owner](https://options.greeks.live/area/ultimate-beneficial-owner/), [Operational Due Diligence](https://options.greeks.live/area/operational-due-diligence/), [Market Microstructure](https://options.greeks.live/area/market-microstructure/), [RFQ Platform](https://options.greeks.live/area/rfq-platform/), [FIX Protocol Integration](https://options.greeks.live/area/fix-protocol-integration/)	

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- 
### [How Does Implied Volatility Analysis Inform Strategic Decisions within Crypto Options RFQ Workflows?](https://options.greeks.live/question/how-does-implied-volatility-analysis-inform-strategic-decisions-within-crypto-options-rfq-workflows/)
![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)

Implied volatility analysis provides critical forward-looking market sentiment for strategic crypto options RFQ pricing and execution.

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---

**Original URL:** https://options.greeks.live/question/what-is-the-process-for-onboarding-as-an-institutional-client-on-an-rfq-platform/
