What is an RFQ?
A Request for Quote (RFQ) is the mechanism Novig uses to source parlay prices from Liquidity Providers. When a Novig user requests a parlay, Novig fans the request out to every active LP pricer over a signed webhook, picks the winning quote deterministically, and asks the winning quoter to confirm before executing the trade. This page is the entry point for LPs who want to receive RFQs and respond with prices. If you’re an existing LP trading single-leg orders through/nbx/v2, RFQs are an opt-in addition — registering does not affect your order-book activity.
Currently, RFQs are only generated for multi-leg parlays. Single-outcome bets settle through the order book, not RFQs.
End-to-end flow
1
A user requests a parlay
A Novig client posts a list of
outcomeIds to Novig. Novig validates the outcomes, allocates an rfq_id, and persists the RFQ.2
Novig fans out to every active pricer
For each registered LP pricer, Novig spawns an async
POST {webhook_url}/quote carrying the RFQ body and an X-Novig-Signature header. Novig waits up to 3 seconds total for responses.3
You return a price (or don't)
Your pricer returns
{ price, max_wager, quote_id? }. Non-2xx responses, malformed bodies, max_wager <= 0, and anything that misses the 3-second window are dropped.4
Novig picks a winner
The winner is the best price for the user. Ties are broken by larger
max_wager.5
Novig asks the winning LP to confirm
Once the user accepts the quote, Novig calls
POST {webhook_url}/confirm on the winning pricer with the actual wager and the selected price. You have a fixed 1-second window to answer. If the LP returns { "confirmed": true } in time, the trade is executed; false — or missing the window — rejects the trade.What you implement
You stand up an HTTP service with two POST endpoints under a single base URL:
Novig appends
/quote and /confirm to whatever base URL you register, so the base may include path segments (e.g. https://pricer.example.com/novig).
Both endpoints receive a X-Novig-Signature header — see Webhook Signing for verification.