In the fast-paced world of online trading, efficiency is essential. To achieve this, many firms are embracing robust Enterprise Resource Planning (ERP) systems. An effective ERP can seamlessly integrate all aspects of a trading operation, from order processing, to riskassessment and financialanalysis. This level of integration allows traders to {ma
RFQ
A Proposal Request, often shortened to RFQ, is a formal request sent by a purchaser to vendors seeking quotes on defined requirements. The RFQ provides detailed specifications about the needed items, allowing suppliers to submit competitive proposals. Upon review of the submitted offers, the buyer can then choose a contract to the most suitable su