In the fast-paced world of online trading, efficiency is essential. To achieve this, many firms are embracing robust Enterprise Resource Planning (ERP) systems. An effective ERP can efficiently integrate all aspects of a trading operation, from trade execution, to risk mitigation and financial reporting. This level of synergy facilitates traders to
A Request for Quotation (RFQ)
A Request for Quotation (RFQ) is a formal document sent by a buyer to potential suppliers, requesting price proposals for specific goods or services. The RFQ outlines the specifications of the client and provides a framework for vendors to submit their bids. It typically includes information such as the product or service description, quantity requ