Question
The RFQ platform is a system or interface for inviting
and/or giving quotes on an electronic platform.What does ‘R’ stand for?Solution
The RFQ or Request for Quote platform is a system or interface for inviting and/or giving quotes on an electronic platform. The platform was introduced as a 'participant-based' model, wherein all regulated entities, listed corporate bodies, institutional investors and all Indian financial institutions were eligible to register, access and transact.
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