In the fast-paced world of online trading, efficiency is essential. To achieve this, many companies are embracing robust Enterprise Resource Planning (ERP) systems. An effective ERP can efficiently integrate all aspects of a trading operation, from order management, to riskassessment and financialanalysis. This level of integration allows traders t
RFQ
A Quote Request, often shortened to RFQ, is a formal request sent by a organization to suppliers seeking prices on defined requirements. The RFQ provides detailed specifications about the desired solutions, allowing suppliers to submit competitive estimates. Following review of the submitted bids, the buyer can then select a contract to the most f