RFQ integration
DART has a 2-way integration with both NSE and BSE RFQ. This enables the trade to view all the live quotes on both the exchanges and execute trades on NSE and BSE RFQ
RFQ Quotes tab that shows quotes from both NSE and BSE on a single screen. If you have enabled the integration, you can hit the quote directly from the DART screen.
Quote on RFQ
To submit a quote on RFQ, click on the button on the top right of this tab. You can search a bond not just by ISIN but by free text including issuer name, coupon, maturity, etc. Fill up the details, select the exchange and submit your quote. This will send the quote to RFQ in real-time.
Negotiate on RFQ
After a quote is live on RFQ, users can put a counter bid/offer on the initial quote. When you hover over the quote, a counter button will appear next to the buy/sell button. This will open a pop up where you can add you counter price/yield. After a counter has been placed, the RFQ initiator will be notified and will have an option to accept or decline the offer. To offer a new counter on the same quote, you will have to cancel the initial counter.
Concluding a Trade
When you hover over the quotes, a button to buy/sell will appear. If you want to execute the trade on RFQ, you can click the buy/sell button. This will open a pop-up to review the trade details. If the details look good, you can click the "Close Your Buy/Sell" button. This will close the trade on the exchange RFQ in real time and reflect the status on Harmoney's single screen.
Updated 2 months ago