EliData has expanded its portfolio through the integration between C-RFQ and the Frankfurt Stock Exchange’s request for quotation (RFQ) functionality, Xetra EnLight.

The feature is used for off-book transactions in the spot market and allows members to execute trades in stocks, ETFs and ETP through an RFQ workflow.

EliData’s solution is fully integrated with CTS (Caronte Trading System) and was created to automate the RFQ process, improving and optimizing the client’s trading strategies by providing centralized and comprehensive monitoring of the entire flow. of work.

By using C-RFQ, traders gain full control of the RFQ process in a simplified and automatic way, offering multiple options in terms of brokers and locations, which can make the difference in trading strategy.

Through the integration, C-RFQ will help liquidity providers access FIX connectivity through automatic and centralized functionality, enhancing their business strategies, EliData said.

“We are happy and proud to have achieved the integration between C-RFQ and Xetra EnLight. Our aim is to improve the applicability of connecting to multiple market platforms with the great advantage in terms of automation and ease of the entire RFQ workflow ”, said Silvia Della Casa, Head of EliData account.

Earlier this year, EliData integrated its C-RFQ solution into Virtu Financial’s RFQ-hub to enhance the experience for liquidity providers. The integration allowed liquidity providers using the EliData C-RFQ solution to automate their workflow with Virtu’s RGQ hub, access FIX connectivity and centralize ETF flow.

“We are delighted that EliData and Mediobanca have taken the lead in automating Xetra EnLight. This is an important milestone for our initiative and to accelerate the momentum we are seeing from clients for a competitive RFQ offer on the off-book exchange for block trades in German, European and US equities. as well as ETFs, ”said Christian Schürlein, Head of Deutsche Börse Cash Market Business Development Wholesale.