Wolverine Execution Services (WEX), a leading provider of premier technology and execution services to Institutional clients, announced yesterday the launch of “Request For Quote” (RFQ). This new functionality, within the WEX Trading Platform (WTP), will provide a simple and fully electronic workflow, which will mirror the traditional high touch trading. Only available in the WTP, RFQ allows the user to request option quotes for single or multi leg spreads and quickly select one or many liquidity providers to furnish a single or two sided market. Once the request is made, the liquidity provider is immediately notified and can respond with a quote. The firm who responds with the best quote may receive a systematized order from the client allowing them to trade the order using WTP.
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