Request for Quote (RFQ) platform

To bring in transparency in the bilaterally negotiated ‘Over the Counter’ deals and to improve liquidity and price discovery in the corporate bond market in India, BSE and NSE have launched their Request for Quote (RFQ) platforms. RFQ is an electronic platform that enables multilateral negotiations to take place on a centralized online trading platform with straight through processing of clearing and settlement to complete trades. These platforms act as single interface for price givers and price takers in the debt market from a diverse set of clients, which can result in better price discovery and bring pre-trade transparency to the transactions of eligible securities.