Best-Price Competition
Competitive quotes reduce dependence on one opaque price source.
OTC RFQ Service — Fast Block Trading at Optimal Prices
A request-for-quote converts a sized block order into a controlled price-discovery event across pre-vetted counterparties. Settlement is direct and bilateral.
Non-custodial settlement. Non-custodial: funds settle bilaterally between the two verified counterparties. RIVERRUN does not touch, hold, commingle, or transmit participant funds and does not hold customer funds at any stage.
Why use our RFQ service
Four advantages support efficient block pricing while preserving compliance and confidentiality.
Pre-Vetted Counterparties
Only participants with completed KYC, KYB, or Institutional-KYB review receive requests.
Direct Peer-to-Peer Settlement
Counterparties settle directly according to their own authorized instructions.
Institutional Coverage
Qualified funds, broker-dealers, corporates, and individual end-users are supported after approval.
Trading parameters
| Parameter | Scope |
|---|---|
| Order size | $5,000 to $25,000,000 per single bilateral block |
| Supported pairs | 40+ |
| Service geography | All states and territories in the FinCEN registration |
| Custody model | Non-custodial |
| Quote window | Defined per request |
| Settlement | Direct bilateral settlement |
RFQ workflow
- Submit Inquiry
Provide order parameters and settlement requirements.
- Due Diligence
Complete category-specific due diligence and sanctions screening.
- Sign Agreements
Execute required legal and compliance documentation.
- Network Activation
Receive approved RFQ access and routing controls.
- RFQ & Settle
Compare quotes and settle directly between verified counterparties.
Mandatory for every counterparty. Equally strict risk controls apply across all three applicant categories. Only the due-diligence materials collected differ. All participants are subject to OFAC and applicable sanctions screening, AML obligations, Travel Rule data controls, and risk assessment.
Applicant categories
Individual End-User
Qualified natural persons with lawful personal OTC transaction needs. Full KYC applies.
Corporate Entity
Registered commercial enterprises. Corporate-KYB plus full UBO verification applies.
Institutional Participant
Funds, asset managers, broker-dealers, and professional financial organizations. Institutional-KYB deep-level due diligence and mandatory EDD apply.