MCAP Announces Growing Institutional Adoption of aRFQ™ on QwickRoute

MCAP Inc. (OTC: MCAP) announced the growing institutional adoption and continued expansion of aRFQ™, an automated execution protocol available on QwickRoute, the auction-based execution and market data platform operated by its wholly owned broker-dealer subsidiary, MCAP LLC. After more than two years of live institutional operation, aRFQ™ is now used by over 50 institutional clients and engages 15 liquidity providers. Performance data highlights the protocol’s effectiveness: in Q4 2025, more than 92% of aRFQ™ executions priced at or inside the NBBO with near-zero market impact, auctions completed in under 1.9 seconds on average, and an average of 4.6 dealers quoted on each order. This generated more than 32 times the liquidity available at the lit NBBO. aRFQ™ embeds competitive auction-based execution directly within electronic trading workflows through the smart order router, allowing execution desks to access firm, competitive liquidity without leaving their existing execution infrastructure or modifying OMS or algorithmic logic. The platform is designed to scale across order sizes while maintaining consistent price discovery and operational simplicity. QwickRoute is an auction-based execution and market data platform providing institutional clients with access to multi-dealer liquidity through a single broker-dealer connection. MCAP Inc., the parent company of MCAP LLC, operates in securities trading technologies, electronic market making, and algorithmic execution platforms.