On Enmacc's B2B energy platform, the key workflow was the RFQ (Request for Quote). It used to run on spreadsheets and long email chains, which was slow and full of errors. My job was to design a modern RFQ module, later named Entender, to speed up the request and response flow and cut mistakes. I interviewed 12 people across trading, middle office, and compliance. Three RFQ types stood out:
- Mass RFQs: one request sent to many counterparties at once.
- Targeted RFQs: specific terms negotiated with chosen counterparties.
- Live Pricing RFQs: instant replies based on real-time prices.