Forex glossary

Request For Market (RFM) in Forex

A clear definition of Request For Market (RFM), with practical context for reading markets and making better trading decisions.

Level 2 · From Prices to PracticeCurrency & pricing

Definition

A Request for Market (RFM) asks a dealer or liquidity provider for a two-way market without revealing whether the requester ultimately wants to buy or sell. The response is therefore expected to include both a bid and an offer.

How It Works

This term can appear around accounts, brokers, market structure, or financial commentary. Its exact implementation can vary by jurisdiction, venue, or provider, so the label should be read together with the surrounding documentation.

Why It Matters

Level 2 is about becoming market-literate before a first demo trade. Recognizing the term helps you understand what a platform, broker document, or market report is actually describing.

Key Takeaway

A Request for Market (RFM) asks a dealer or liquidity provider for a two-way market without revealing whether the requester ultimately wants to buy or sell.

Practical forex example

An institutional client asks a dealer for a market in EUR/USD for €5 million without stating direction. The dealer returns both a bid and an ask, allowing the client to choose a side.

Why Request For Market (RFM) matters

Understanding Request For Market (RFM) helps traders interpret market information, plan decisions, and manage risk with more context.

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