Request for Quote functionality explained
To support the varied trading needs of our customers, London Stock Exchange is introducing RFQ functionality for ETFs and ETPs traded on SETS and on the Trading Service for ETFs – Euroclear Bank Settlement.
The new cleared RFQ functionality supports on-Exchange execution of larger sized trades by institutional clients. The service is a private model and has been designed to protect order book liquidity by setting a minimum trade size.
See this short film for a quick overview of how the functionality works.