RFQ 2.0

Transform the way you trade, integrate the next generation of automated RFQ with order book sweep.

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Overview

London Stock Exchange’s RFQ 2.0 will revolutionise the ETF trading landscape, offering auto-complete RFQ functionality with an innovative order book sweep and CCP clearing built in, all under one exchange. It helps investors get better execution outcomes by accessing different types of liquidity instantly and in one place.

London Stock Exchange order book value traded is over £650mn* a day, of which almost 10% are hidden executions. RFQ 2.0 will automatically sweep the order book liquidity pool.
*Jan–Apr 2020, ETF & ETC/N trading segments

Key benefits

Bilateral relationships in an exchange environment with fully integrated CCP clearing.

Settlement clarity, balance sheet efficiency with no need to bilaterally paper with liquidity providers.

CCP clearing is ideally suited to the upcoming Central Securities Depositories Regulation (CSDR).

Harmonised Exchange Market Supervision, improving market monitoring and surveillance.

Innovative order book sweep combines both RFQ and order book liquidity into one single best execution trading event.

TCA friendly, empowering more holistic analysis.

Find out more

To find out if RFQ 2.0 is right for your business, please contact the London Stock Exchange ETF Team by completing the form below or call +44 (0)20 7797 3054.

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CSDR will bring significant operational change and increased regulatory rigour around security settlement discipline.

RFQs incorporating CCP clearing instead of bilateral models are ideally suited to this new trading landscape.

Michael Stanley
Head of Product Development,
Exchange Traded Products, Capital Markets

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