Liquidnet
ETF RFQ Demo Access
Enter the access password to open the working basket demo.
Protected prototype · Cloudflare Pages upload
Liquidnet
⌕ Search client parent ETF orders
BULK
ETF RFQ
− □ ×
1. Parent ETF OrdersClient-scoped · real ETFs / ETPs
Client scoped
0 selected Select ETF parent orders
Send RFQ from panel 2
OrderETFSideQtyLimitMkt
Select one or more parent ETF orders.
BULK ETF RFQSelected ETF parent orders
2. Build RFQ
Last —Venue MultiCCY Multi
ClientWellington
SideMixed
Full Qty3 lines
Client LimitPer line
RegionMulti
RFQFull Size
RFQ scope: 3 ETF orders Bulk Basket
Liquidity Providers9 selected
Basket RFQ opens modal. Single order uses panel 3.
3. Single Order ResponsesBasket flow uses modal
3
RFQ NOT SENTFor basket RFQs, execution happens in the modal.
Liquidity ProviderBidOfferTime
Best Bid—
Best Offer—
Basket RFQ execution is managed in the modal.

Basket RFQ Execution Preview
Client basket · full parent quantities · IOC

Client—
ETF Orders—
Approx Notional—
Executable Now—
IOC WindowImmediate
IOC execution: execute immediately only where LP price is at least as good as both the Client Limit and exchange BBO. Sell: LP bid ≥ max(limit, exchange bid). Buy: LP offer ≤ min(limit, exchange offer).
ETFSideQtyClient LimitExchange BBOBest LP BidBest LP OfferGuardrailExecution PriceLPStatus
IOC
Trade executed