In the fast-paced world of online trading, efficiency is critical. To achieve this, many firms are implementing robust Enterprise Resource Planning (ERP) systems. An effective ERP can seamlessly integrate all aspects of a trading operation, from order management, to risk mitigation and financial reporting. This level of integration allows traders t

A Request for Quotation (RFQ), often shortened to RFQ, is a formal communication sent by a buyer to prospective providers seeking quotes on products or works. The RFQ provides detailed website specifications about the needed items, allowing suppliers to submit competitive proposals. Following review of the submitted bids, the buyer can then award