The smarter way to quote commodities
RFQ Automation: The Path to Efficiency
The energy and wider commodities market is complex, volatile, and fast-moving. Traditional RFQ processes can be slow, manual, and often lack the transparency needed to secure the best deal. We’re changing that. Our new RFQ solution provides an integrated online communication platform that combines and consolidates business interactions. This saves time and money while ensuring compliance and a comprehensive audit trail.
- Automated RFQ Process: Streamline your process with our software, saving valuable time and resources by automating requests and eliminating manual spreadsheets. With our RFQ platform, you can create and send digital RFQs to a wide audience. Our automated system manages the heavy lifting, from initial request to final deal execution.
- Enhanced Transparency: Gain a clear, comprehensive overview of the market, making it easier to receive and compare bids in one single, user-friendly screen.
- Access Liquidity: Effortlessly connect with new clients and prospects and tap into fresh market liquidity, expanding your opportunities.
- Seamless Data & Compliance: Simplify audit trails and meet regulatory requirements with our integrated audit features. All your RFQ activity is logged and traceable, providing a clear audit trail for compliance and reporting.
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How does Trayport's RFQ platform benefit Traders?
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Traders benefit from a workflow with instantaneous collaboration tools, mobile access, and real-time price discovery across their markets. Our RFQ platform provides traders with the ability to connect their workflows across the entire trading cycle.
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Can Trayport's RFQ platform be used by Exchanges and Brokers?
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Trayport’s white-label RFQ solution allows brokers and exchanges to offer a branded platform that increases efficiency and transparency by centralising negotiated deals. Brokers are able to automate workflows and build brand trust, while exchanges can serve as a matching engine for these bilateral deals, attracting off-exchange volume and strengthening their market position.
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How would procurement teams benefit from Trayport's RFQ platform?
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Procurement teams can use Trayport’s RFQ platform to streamline their sourcing and procurement workflows. By centralising the process for sending out requests, tracking responses, and comparing bids, the platform can improve efficiency and save time. It also helps cost management by enabling easy comparison of multiple supplier bids, promoting competition and better pricing.
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Are sales and Origination teams' activities supported by Trayport's RFQ platform?
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Origination and sales teams can use the Trayport RFQ platform to accelerate their deal-making process and enhance client relationships. It provides a structured, efficient way to respond to client requests, enabling them to quickly and accurately provide pricing for their products. By centralising all communications and bids, the platform gives sales teams a clear overview of client interactions, helping them better manage their pipeline and close deals faster.
Want to increase transparency, and save valuable time and resources? Request a demo to see our RFQ platform in action.
