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ESP/RFS Order State Transition Diagram

MSW TODO

 

RFQ - Trading Venue as Maker

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


RFS - Trading Venue as Maker

4.0 RFS_QuoteRequest.04

 

RFS - Trading Venue as Taker 

4.0 RFS_MarketMaker_06

ESP - Trading Venue as Maker

4.0 ESP_QuoteRequest.03

 

ESP - Trading Venue as Taker

4.0 ESP_MarketMaker_07


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