The RFQ Engine
What is the RFQ Engine?
The RFQ engine is how a price is produced on CRX. With your relationship funded on-chain, you ask the desk for a forward on a pair, tenor, and notional. The relayer carries the request to CRX; CRX answers with a firm, signed price; you sign it or let it expire. Nothing is committed until you act. You see exactly one price: CRX's own.
How does a directed request work?
CRX is the desk on the other side of your trade, so your request goes to one place and you see one price, never two competing quotes side by side. You submit a pair, tenor, notional, and direction. The request reaches the desk for a short window; CRX answers with a firm signed price; you see it with a countdown to act. On confirm, the relayer anchors the agreed quote on-chain and hands back a bundle to bind. The quote binds at that exact rate, for only the seconds the rate behind it stays valid. An unsigned quote costs nothing.
That single-price, single-counterparty execution is why CRX remains software rather than a Swap Execution Facility or a broker: there is no multi-participant venue to operate, only the desk quoting its own number.