Leaderboard Definitions

Total Received

• Number of RFQs your desk received

Quote Rate

• Number of RFQs your desk quoted / Number of RFQs your desk received

Fill Rate

• Number of RFQs you traded / Total number of RFQs you received
  • includes RFQs you did not quote and those that were cancelled

Fill/Quote

• Number of RFQs you traded / Total number of RFQs you quoted
  • this includes RFQs that were cancelled

Spread Rank

• Your average ranked bid/ask spread on quoted RFQs
  • For example, if you quote 2 RFQs and you were tightest spread on one and second tightest spread on the other, your spread score would show 1.5
  • We then rank you again to get the final overall rank number for average spread width

Second Best Rate

• Percentage of time you, as maker, are the 2nd best rate on Traded RFQs

Total Volume

• Your total Maker + Taker volume on Paradigm