Request for Market (RFM) is a request for a quote in which the client does not disclose the direction of the desired trade (buy or sell).
RFM is a request to see a two-way or “market” quote rather than a one-sided quote.
RFM, also known as “two-way pricing,” involves a company asking for the price to pay and the price to receive for a given instrument, rather than just one price as is typically the case in a request for quotation (RFQ).
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