Has anyone used "Request for Quote" (RFQ) orders in IB TWS?

Discussion in 'Interactive Brokers' started by faceouster, May 11, 2025 at 4:49 AM.

  1. Do you have any experience about RFQ?

    I use "Request for Quote" (RFQ) orders to trade bonds recently. However it seems Interactive Brokers have bugs. I encountered issues and errors 9 out of 10 times. I only got my order filled via RFQ system very few times.

    I sent RFQ requests. Then I received price quotes from a liquidity provider. I pressed "transmit" button to accept the offer. However the order did not execute. I either encountered errors, or the order was being held forever ("dark blue" status in Interactive Broker)

    Price quotes are supposed to be firm. I don't understand why my orders did not get filled.

    Have you used RFQ orders before?

    Did you get your orders filled successfully every time / most of the time?

    Thank you for your time and answer.