ESP/RFS Order State Transition Diagram

MSW TODO

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Trading Venue as Maker

RFQ

Single shot quote, ValidUntilTime. Possible Dealer Intervention may deliver other quote(s) prior to expiry of first. Expiry terminiates the workflow.

RFS

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Gliffy Diagram
name 4.0 RFS_QuoteRequest.04 pagePin 2

 

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ESP

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Trading Venue as

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Taker

RFQ

Single shot quote, ValidUntilTime. Possible Dealer Intervention may deliver other quote(s) prior to expiry of first. Expiry terminiates the workflow.

RFS 

ESP

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Gliffy Diagram
name 4.0 ESP_MarketMaker_07 pagePin 2

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