Request-for-Market
The Emerging Markets (EM)
block trading solution to identify
and access deeper liquidity pools
for your bigger tickets.
The Emerging Markets (EM)
block trading solution to identify
and access deeper liquidity pools
for your bigger tickets.
Request for Market (RFM) enables EM traders
to request a competitive two-way price from
a broad set of global and regional dealers.
Learn how you can join global asset managers who are achieving
cost savings by using RFM to trade in block sizes (larger than $5mm).
How RFM works
An EM trader receives a competitive two-way quote from a host of dealers within hard
and local currency bond markets—without having to disclose their direction with the exception
of the winning dealer.
RFM helps you demonstrate best execution with a deeper liquidity pool and consistently
positive TCA.
Available for all hard and local currencies (excl. China). Nearly a third of EM local currency
volumes on MarketAxess is executed via RFM today.
Now with the ability to request additional size with the winning dealer—RFM Workup.
Remove winner’s curse by requesting
a workup to trade additional size
with the winning dealer.
Now live for local markets
RFM trades.
Benefit from competitive initial execution
and discretely trade more risk directly
with the winning dealer.
RFM Workup
Trade more, disclose less.
Traders are using RFM to
execute larger sizes in
local markets
(block volume larger than $5mm)
Top local markets for RFM block
trades in FY 2023* (USD equivalent)
Brazil
Mexico
South Korea
Poland
South Africa
$911.8mm
$512.4mm
$337.6mm
$308.1mm
$291.6mm
*Overall trade volume of block trades using RFM for the
top traded local currency markets on MarketAxess.
to request a competitive two-way price from
a broad set of global and regional dealers.
Learn how you can join global asset managers who are achieving
cost savings by using RFM to trade in block sizes (larger than $5mm).
How RFM works
An EM trader receives a competitive two-way quote from a host of dealers within hard
and local currency bond markets—without having to disclose their direction with the exception
of the winning dealer.
RFM helps you demonstrate best execution with a deeper liquidity pool and consistently
positive TCA.
Available for all hard and local currencies (excl. China). Nearly a third of EM local currency
volumes on MarketAxess is executed via RFM today.
Now with the ability to request additional size with the winning dealer—RFM Workup.
Remove winner’s curse by requesting
a workup to trade additional size
with the winning dealer.
Now live for local markets
RFM trades.
Benefit from competitive initial execution
and discretely trade more risk directly
with the winning dealer.
RFM Workup
Trade more, disclose less.
Traders are using RFM to
execute larger sizes in
local markets
(block volume larger than $5mm)
Top local markets for RFM block
trades in FY 2023* (USD equivalent)
Brazil
Mexico
South Korea
Poland
South Africa
$911.8mm
$512.4mm
$337.6mm
$308.1mm
$291.6mm
*Overall trade volume of block trades using RFM for the
top traded local currency markets on MarketAxess.
