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Request for Quote Timers

Request for Quote Timers

Unless otherwise specified, the respective valid values for the time periods defined herein shall be determined by the Management Board and communicated electronically by means of circulars sent via e-mail and by way of publication on the internet (www.eurex-bonds.com).

TypeDescriptionDuration
(in seconds)
RFQ Inquiry TimeMaximum time period for an RFQ process.60
RFQ Response TimeMaximum time period during which the first offer may be
submitted by the responder in the RFQ process.
20
RFQ Wire TimeMaximum time period during which an offer by the responder
in the RFQ process is valid. Determined at the responder's due
discretion within the defined RFQ Min Wire Time and RFQ
Max Wire Time for each offer.
5-60
Min RFQ Wire TimeMinimum possible value for the RFQ Wire Time.5
Max RFQ Wire TimeMaximum possible value for the RFQ Wire Time.60
RFQ Order TimeMaximum time period during which an offer by the requester
in the RFQ process is valid.
30
RFO Order TimeMaximum time period during which an offer by the requester
in the RFO process is valid.
20
RFO Wire TimeMaximum time period during which an offer by the responder
in the RFO process is valid. Determined at the responder's due
discretion within the defined RFO Min Wire Time and RFO Max
Wire Time for each offer.
5-60
Min RFO Wire TimeMinimum possible value for the RFO Wire Time.5
Max RFO Wire TimeMaximum possible value for the RFO Wire Time.60