RFQ transaction and bidding transaction

Source: Internet
Author: User

Inquiry transaction: An Inquiry transaction refers to a foreign exchange transaction subject that has a credit relationship with each other. It directly queries and negotiates the currency, amount, exchange rate, and future delivery time of the currency to be traded, confirm the transaction method after reaching an agreement.


Bidding transaction: the transaction system sorts the purchase quotation and the sale quotation separately, and matches the transaction method based on the price-first and time-first principles.

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