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The Bybit exchange offers one of the biggest and most versatile order book trading systems in the crypto industry. However, for high-volume trades in spot, options and futures, traditional order book transactions come with limitations, such as price volatility, high slippage, low efficiency, information exposure and limited flexibility.
To address the needs of large traders, particularly institutional investors, Bybit has introduced a solution for substantial orders: RFQ (Request for Quotation). RFQ is applicable to spot, option, as well as to futures orders (which are widely used by spread traders). It lets traders securely and privately request the best offers for bulk trades, and review proposals from multiple liquidity providers. Using the RFQ function, you can further optimize your trading strategy and make it faster, more efficient and potentially more profitable.
Key Takeaways:
Bybit RFQ (Request for Quotation) is a feature within your Bybit trading account that allows you to request custom offers for large orders of spot, options and futures trades that form part of your trading strategy.
Using RFQ, you can get offers from multiple, high-grade institutional liquidity providers off the main order book, thus benefiting from lower slippage, enhanced privacy, efficient execution, reduced complexity and prebuilt combo templates.