Security Traders Association’s Open Call features Aaron Kehoe, Head of QwickRoute at MCAP, on the history and growth of RFQ platforms and automated ETF liquidity access.

Traders Magazine explores how AI, routing logic, and liquidity competition are reshaping the buy side’s approach to electronic trading and best execution.

Markets Media announced the winners of its 2026 Global Markets Choice Awards, where QwickRoute aRFQ by MCAP received the Best New Product award.

Traders Magazine examines how MCAP’s ETF-specific aRFQ™ protocol brings liquidity processes that traditionally required manual intervention into scalable electronic workflows.

In a sponsored interview with The TRADE, Aaron Kehoe, head of QwickRoute at MCAP, discusses how ETF growth has outpaced trading protocols and how automated liquidity discovery can modernise execution workflows.

A look at how Request for Quote (RFQ) protocols have evolved alongside the ETF market — from early equity-style workflows to today's electronic execution — and why the pace of market structure change has outstripped the tools traders rely on.

Where does RFQ fit inside an algo strategy? This episode breaks down how IOIs have historically limited actionable liquidity and created information leakage — and how aRFQ introduces a more dynamic, efficient workflow.

ETF execution has been notoriously hard to automate. Fair-value-tracking algos struggle with closed markets, complex baskets, and low average daily volumes. aRFQ flips the model — going to ETF pricing experts rather than calculating value internally.

Being told to "wait an hour" before trading can mean taking unnecessary market risk. This episode challenges the conventional wisdom around ETF liquidity timing and makes the case for engaging liquidity earlier — on your terms.