In the fast-paced world of online trading, efficiency is paramount. To achieve this, many firms are adopting robust Enterprise Resource Planning (ERP) systems. An effective ERP can efficiently integrate all aspects of a trading operation, from orderfulfillment, to riskanalysis and financial reporting. This level of integration allows traders to {ma

A Request for Quotation (RFQ), often shortened to RFQ, is a formal communication sent by a buyer to vendors seeking quotes on specific goods or services. The RFQ provides detailed descriptions about the needed items, allowing suppliers to submit competitive estimates. After review of the submitted quotes, the buyer can then award a contract to the