In the fast-paced world of online trading, efficiency is paramount. To achieve this, many firms are adopting robust Enterprise Resource Planning (ERP) systems. An effective ERP can efficiently integrate all aspects of a trading operation, from trade execution, to riskassessment and financialanalysis. This level of interconnectedness enables traders

A Request for Quotation (RFQ), often shortened to RFQ, is a formal request sent by a buyer to prospective providers seeking quotes on defined requirements. The RFQ provides detailed information about the desired solutions, allowing suppliers to submit competitive estimates. Upon review of the submitted bids, the buyer can then choose a contract to