Still Chasing Liquidity? Let it Come to You.
At QwickRoute’s core is aRFQ™—automating competitive routing for cleaner fills and best-price execution, built by traders for traders.
Unlock efficient, high-quality execution with QwickRoute’s core automation tools.
See how aRFQ™ optimizes every order through real-time signals and competitive auction logic.
Get a clear view of your trading progress with historical metrics and easy-to-read execution summaries.
Access real-time quotes, spreads, liquidity, and execution details in the QwickRoute Portal tool.
Automating RFQs in a data-driven future.
QwickRoute provides seamless access to top Liquidity Providers, empowering users to expand capacity, mitigate risk, and stay in control. By automating RFQs through intelligent routing and real-time decisioning, the platform delivers faster, more consistent execution across markets.
What drives the QwickRoute advantage.
We tackle your market challenges
Struggling to find liquidity?
QwickRoute’s Liquidity Solution ensures seamless access across venues for minimal market impact and optimal pricing.
Demand quality & cost efficiency?
QwickRoute’s custom solutions and analytics help optimize execution, ensuring top results while controlling costs.
Worried about market info leakage?
Trade anonymously with QwickRoute. Choose venues, create competition, and execute quickly while protecting your strategies.
Navigating evolving regulations?
Stay compliant with QwickRoute’s customizable solutions, built to adapt to evolving regulations without compromising performance or quality.
Need a competitive edge in tech?
QwickRoute equips you with real-time analysis, cutting-edge strategies, and advanced post-trade analytics to keep you ahead of the curve in today’s fast-evolving trading landscape.
The Order Type Built for Automated RFQs
Elevate your trading with aRFQ™, QwickRoute’s advanced liquidity-seeking algorithm. Designed for best execution, aRFQ™ uses a competitive auction process to optimize transactions and minimize market impact. Whether managing single orders or complex baskets, aRFQ™ scales seamlessly, merging orders and delivering a single execution price for maximum efficiency.
Does your ETF algo aRFQ™?
If not, QwickRoute’s aRFQ™ is the answer.
Growth in liquidity sources and trading protocols like RFQ is disrupting the market and accelerating automation. Enjoy the flexibility and advanced capabilities of the aRFQ™ platform. RFQs are not just for blocks anymore.
Liquidity Created
JHN
NBBO LIT SIZE
Average Auction
IRE
SECONDS
NBBO or Better
BVX
ORDERS EXECUTED
Common questions
Discover responses to common asked questions about our product and services.
How can I route orders to QwickRoute?
QwickRoute supports most OMS connections for seamless order routing and execution.
How does QwickRoute aRFQ™ execute orders?
aRFQ™ runs an auction where liquidity providers compete with updated prices until client parameters are satisfied.
Can I send a limit order?
Yes, auctions start only when the limit price is marketable. The aRFQ™ Limit Order Manager allows users to define marketability criteria.
What happens after I send an order?
The order qualifies using user-defined criteria, after which liquidity providers submit updated quotes until all parameters are satisfied.
What if I send multiple orders in one symbol?
QwickRoute can merge or cross orders of the same symbol and side, or opposing sides, based on user instructions.
How do I know an order has received best execution?
aRFQ™ checks quote count, NBBO spread, wait time, and price tolerance, applying overrides to ensure best execution.
Can I watch the auction in real time?
Yes, a web-based portal provides real-time auction details, quotes, and fulfillment updates.
Is aRFQ™ Reg NMS compliant?
Yes, liquidity providers ISO sweep shares priced outside NBBO and pass fills to the client at a single average price.
Is aRFQ™ CAT compliant?
Yes, aRFQ™ reports all required order handling and quote handling requirements to FINRA.
How many liquidity providers participate?
11 liquidity providers participate, and clients can choose preferred ones or use Smart Dealer Selector for optimal exposure.
Do I need trading relationships with each liquidity provider?
No, QwickRoute provides a single trading relationship, handling tape reporting and clearing through AGU/QSR agreements.
Can I receive an audit trail for each auction?
Yes, end-of-day audit trail files are provided, and real-time tracking is available via the web portal.