# Request for Quote (RFQ)

<mark style="color:blue;">**`POST`**</mark> `https://api.sfox.com/v1/quote`

Returns an actionable one-sided quote for the specified currency pair.

After sending an RFQ, the API will return a quote with a price at which a trade can be executed. If you agree with the price, you can request the execution of the trade using the [orders](/rest-api/orders.md#place-new-order) endpoint.

In the orders request, you will need to specify the same:

* `currency_pair`
* `quantity`
* `quote_id`&#x20;
* and, if specified in the quote request, the `client_quote_id`

{% hint style="info" %}
Quote requests are rate limited to 10 requests per second.
{% endhint %}

### Request Body

<table><thead><tr><th width="247">Name</th><th width="123">Type</th><th>Description</th></tr></thead><tbody><tr><td><strong><code>pair</code></strong> <mark style="color:red;">required</mark></td><td>string</td><td>The currency pair for the quote. e.g. <code>btcusd</code></td></tr><tr><td><strong><code>side</code></strong> <mark style="color:red;">required</mark></td><td>string</td><td><p>The side for the quote (whether you are buying or selling). Possible values:</p><ul><li><code>buy</code> : You want to buy</li><li><code>sell</code>: You want to sell</li></ul></td></tr><tr><td><strong><code>quantity</code></strong> <mark style="color:red;">required</mark></td><td>number</td><td>The base currency quantity for the quote (e.g. <code>10</code> ). <strong>Must be &#x3C;= the maximum quote quantity for the given pair.</strong></td></tr><tr><td><strong><code>amount</code></strong></td><td>number</td><td>The quote currency quantity for the quote (e.g. <code>300000.0000</code> ). <strong>Required if</strong> <code>quantity</code> <strong>is not included in the request.</strong></td></tr><tr><td><strong><code>client_quote_id</code></strong></td><td>string</td><td>An optional idempotent identifier for your quote. <strong>If specified, you must specify the same value in the</strong> <code>client_order_id</code> <strong>field of your order request to execute on the quote.</strong></td></tr></tbody></table>

### Response Body

<table data-full-width="false"><thead><tr><th width="238.33333333333331">Field</th><th>Description</th></tr></thead><tbody><tr><td><strong><code>quote_id</code></strong></td><td>Unique identifier for the quote. <strong>Note</strong>: to execute an order on this quote you will specify this <code>quote_id</code> in your <a href="/pages/-Mkd5fv0VwgWbHGXHO7z#place-new-order">order request</a></td></tr><tr><td><strong><code>quantity</code></strong></td><td>The base currency quantity of the quote</td></tr><tr><td><strong><code>amount</code></strong></td><td>The quote currency amount of the quote</td></tr><tr><td><strong><code>pair</code></strong></td><td>The currency pair for the quote request</td></tr><tr><td><strong><code>side</code></strong></td><td>The quote side–whether you are buying or selling</td></tr><tr><td><strong><code>date_expiry</code></strong></td><td>The datetime the quote will expire</td></tr><tr><td><strong><code>date_quote</code></strong></td><td>The datetime the quote was generated</td></tr><tr><td><strong><code>buy_price</code></strong></td><td>The quote price–the price to buy this quantity. Returned if <code>side</code> = <code>buy</code>, else not included.</td></tr><tr><td><strong><code>sell_price</code></strong></td><td>The quote price–the price to sell this quantity. Returned if <code>side</code> = <code>sell</code>, else not included.</td></tr></tbody></table>

### Responses

<details>

<summary><mark style="color:green;">201</mark></summary>

```json
{
    "quote_id": "165c404c-ffe9-11ed-b8ed-0a170e3de1bd",
    "pair": "btcusd",
    "side": "BUY",
    "date_expiry": "2023-05-31T19:26:58.595Z",
    "date_quote": "2023-05-31T19:26:48.595Z",
    "amount": 27044.7156,
    "quantity": 1,
    "buy_price": 27044.7156
}
```

</details>

<details>

<summary><mark style="color:red;">422</mark>: Unprocessable Entity</summary>

{% code overflow="wrap" %}

```json
//Requested quote size greater than maximum quote size for the currency pair
{
    "error": "request USD value <USD_VALUE_OF_REQUESTED_QUOTE_SIZE> greater than max USD value <MAX_USD_VALUE> for pair <CURRENCY_PAIR>"
}

//Currency pair not currently supported for RFQ
{
    "error": "<CURRENCY_PAIR> not currently supported for RFQ. please contact support for more information."
}
```

{% endcode %}

</details>

<details>

<summary><mark style="color:red;">503</mark>: Service Unavailable</summary>

{% code overflow="wrap" %}

```json
//RFQ requests are temporarily unavailable
{
    "error": "quotes temporarily unavailable. please try again later."
}

//RFQ requests are temporarily unavailable for this currency pair
{
    "error": "<CURRENCY_PAIR> quotes temporarily unavailable. please try again later."
}
```

{% endcode %}

</details>

### Example Request

{% tabs %}
{% tab title="Shell" %}

```bash
curl -X POST \
  -H 'Content-type: application/json' \
  -H 'Authorization: Bearer <API_TOKEN>' \
  --data '{ "pair": "btcusd",
            "side": "buy",
            "quantity": 1 }'  \
  'https://api.sfox.com/v1/quote'
```

{% endtab %}

{% tab title="NodeJS" %}

```javascript
const axios = require('axios');

axios({
  method: 'post',
  url: 'https://api.sfox.com/v1/quote',
  headers: {
    'Authorization': 'Bearer <API_KEY>'
  },
  data: {
   pair: 'btcusd',
   side: 'buy',
   quantity: 1
  }
}).then(response => {
  console.log(response)
}).catch(err => {
  console.error(err)
});
```

{% endtab %}

{% tab title="Python" %}

```python
import requests

data = requests.post(
  "https://api.sfox.com/v1/quote",
  headers={
    "Authorization": "Bearer <API_KEY>",
  },
  data={
    "pair": "btcusd",
    "side": "buy",
    "quantity": 1
  }
)
print(data)
```

{% endtab %}
{% endtabs %}

## End-to-End Example

The following example details the end-to-end process of requesting a quote from the RFQ endpoint and executing an order to trade on that quote

### RFQ

* **Request**: Requested a quote to purchase 1 BTC on the BTC/USD pair
* **Response**: Received a purchase price of `23243.49136824` for 1 BTC with Quote ID `cb436399-9db7-11ed-8ea6-0e5724aafd6b` which is later specified in the order

  request

<table data-header-hidden data-full-width="false"><thead><tr><th width="138"></th><th></th></tr></thead><tbody><tr><td><strong>Request</strong></td><td><pre class="language-bash" data-overflow="wrap"><code class="lang-bash">curl -X POST \
  -H 'Content-type: application/json' \ 
  -H 'Authorization: Bearer &#x3C;API_TOKEN>' \ 
  --data '{ "pair": “btcusd”,
            "side": "buy",
            “quantity”: 1 }' \ 
'https://api.sfox.com/v1/quote'
</code></pre></td></tr><tr><td><strong>Response</strong></td><td><pre class="language-json" data-overflow="wrap"><code class="lang-json">{
<strong>  "quote_id": "cb436399-9db7-11ed-8ea6-0e5724aafd6b", 
</strong>  "quantity": 1,
  "pair": "btcusd",
  "side": "BUY",
  "date_expiry": "2023-01-26T20:27:18.310Z", 
  "date_quote": "2023-01-26T20:27:03.310Z", 
  "buy_price": 23243.49136824
}
</code></pre></td></tr></tbody></table>

### Order Execution

* **Request**: Placed an order to buy 1 BTC on the BTC/USD pair and specified the previously received quote ID `cb436399-9db7-11ed-8ea6-0e5724aafd6b`
* **Response**: Received an “Order Filled” response, purchasing 1 BTC at the previously quoted unit price of `23243.49136824`

{% hint style="info" %}

* RFQ orders are Fill-or-Kill (FOK): Will be responded to with a “Done” (filled) or “Canceled” (rejected) order. The entire quantity will be filled or none at all
* Receive synchronous response: The response will reflect a terminal state of an order
* Are not guaranteed to be filled if placed within the quote expiry
* Only one order will be accepted per quote
* The order quantity must be less than or equal to the quote quantity
* Will settle immediately to your sFOX account if filled
  {% endhint %}

<table data-header-hidden data-full-width="false"><thead><tr><th width="173"></th><th></th></tr></thead><tbody><tr><td><strong>Request</strong></td><td><pre class="language-bash" data-overflow="wrap"><code class="lang-bash">curl -X POST \
  -H 'Content-type: application/json' \ 
  -H 'Authorization: Bearer &#x3C;API_TOKEN>' \ 
  --data '{ "currency_pair": “btcusd”,
            "quantity": 1,
            "quote_id": "cb436399-9db7-11ed-8ea6-0e5724aafd6b" }' \ 
      'https://api.sfox.com/v1/orders/buy'
</code></pre></td></tr><tr><td><strong>Response</strong></td><td><pre class="language-json" data-overflow="wrap"><code class="lang-json">{
  "id": 1754344,
  "side_id": 500,
  "action": "Buy",
  "algorithm_id": 150,
  "algorithm": "Instant",
  "type": "Instant",
  "pair": "btcusd",
<strong>  "quantity": 1,
</strong>  "price": 23243.49136824,
  "amount": 0,
  "net_market_amount": 0,
  "filled": 1,
  "vwap": 23243.49136824,
  "filled_amount": 23243.49136824,
  "fees": 0,
  "net_proceeds": -23243.49136824,
  "status": "Done",
  "status_code": 300,
  "routing_option": "BestPrice",
  "routing_type": "None",
  "time_in_force": "FOK",
  "expires": null,
  "dateupdated": "2023-01-26T20:27:06.000Z", "client_order_id": "",
  "user_tx_id": "",
  "o_action": "Buy",
  "algo_id": 150,
  "algorithm_options": null,
  "destination": "",
  "quote_id": "cb436399-9db7-11ed-8ea6-0e5724aafd6b"
}
</code></pre></td></tr></tbody></table>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.sfox.com/rest-api/request-for-quote-rfq.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.