XFA (Marex) – Automated RFQ Workflow Portal
X-Change Financial Access (XFA), part of Marex, provides outsourced execution services for derivatives markets.
THE CHALLENGE
The FLEX options market lacks continuous quoting
RFQs were managed manually via email and chat, creating:
- Operational inefficiency
- Slow price discovery
- Difficulty handling increasing trading volumes
- Complexity due to negotiable contract terms
A standardized electronic workflow was required.
THE SOLUTION
FLEX-FA, an automated RFQ platform
Genesis delivered FLEX-FA, an automated RFQ platform built in two months.
Key components included:
- FIX message hub
- RFQ workflow manager
- Electronic distribution of RFQs to market makers
- Aggregation of quote responses
- Custom execution interfaces
The system enables brokers to manage complex quoting workflows electronically.
OPERATIONAL OUTCOME
The platform standardized RFQ handling, improved efficiency, and enabled XFA to scale with growing market volumes while maintaining service levels.
The deployment demonstrates Genesis capability in complex derivatives workflows and rapid delivery timelines.