RQ RFO Flows
In this section we refer to timings using RFQ nomenclature, but the meaning and constraints are different.
- The Collection Window (5 Seconds): The time in which the RFO responder needs to get a quote into the order book.
- The Firm Window (25 seconds): The time after the collection window ends until OpenYield, if required, will take the RFO quote down.
Note
in OpenYield RFO model:
- Subscribers can update the price continuously. Subscribers are not constrained to stick to the original price.
- Subscribers can cancel quotes at any time.