MCAP Inc. Announces Growing Institutional Adoption of aRFQ(TM), QwickRoute's Automated Execution Protocol for ETFs

MCAP Inc. (OTC: MCAP) has announced a significant uptick in the institutional adoption of its aRFQ™ automated execution protocol, which is integrated into QwickRoute, the company's auction-based execution and market data platform operated by its broker-dealer subsidiary, MCAP LLC. After two years of live institutional operations, aRFQ™ has emerged as a robust execution solution, currently utilized by over 50 institutional clients and engaging with 15 liquidity providers.

Performance metrics from Q4 2025 highlight the effectiveness of aRFQ™. Impressively, over 92% of aRFQ™ executions were priced at or inside the National Best Bid and Offer (NBBO) with minimal market impact, and transactions concluded in an average of 1.9 seconds. Each order drew quotes from an average of 4.6 dealers, offering over 32 times the liquidity available at the lit NBBO.

Aaron Kehoe, Head of QwickRoute, emphasized the centrality of competition to optimal execution. He stated that aRFQ™ embeds the principles of competitive auction-based execution into electronic trading workflows, thereby ensuring consistent price discovery without the operational complexities typically associated with such processes.

As ETF trading volumes and algorithmic orders rise, aRFQ™ addresses the challenge execution desks face when balancing competitive liquidity with the demands of electronic workflows. Unlike traditional Request for Quote (RFQ) processes, which necessitate stepping outside electronic systems, or IOI-based venues providing only indicative pricing, aRFQ™ serves as a fully automated solution that operates within existing trading frameworks, thus streamlining operations without requiring adjustments to current order management systems.

With plans for further expansion beyond the ETF market, QwickRoute is positioned to enhance its suite of solutions that provide actionable market intelligence and execution quality.

MCAP Inc. (OTC: MCAP) has recently reported significant institutional adoption of aRFQ™, its automated execution protocol for ETFs, indicating a promising trajectory for the company as it enhances its standing in the competitive trading landscape. As the ETF market continues to expand, MCAP's strategic innovations position it well to capture market share.

With over 50 institutional clients using aRFQ™ and engaging 15 liquidity providers, the protocol has demonstrated its effectiveness: in Q4 2025, more than 92% of executions were priced at or within the National Best Bid and Offer (NBBO) with near-zero market impact—a testament to the quality and reliability of the platform. The ability to complete auctions in under 1.9 seconds and amplify liquidity over 32 times that of the lit NBBO suggests that aRFQ™ is bridging a critical gap for execution desks seeking efficient and competitive solutions.

From a market perspective, the growing adoption of this technology indicates a favorable outlook for MCAP Inc. Investors should consider several factors: the ongoing evolution of electronic trading towards automated, data-driven platforms aligns well with industry trends. Furthermore, as the ETF market volume continues to rise, MCAP's integrated approach through aRFQ™ is likely to enhance its revenue streams.

Risk factors remain, including potential technological disruptions and regulatory changes. However, MCAP's established presence and innovative tools provide a strong foundation for future growth. The scalability and efficiency inherent to aRFQ™ could lead to increased market penetration and improved profitability.

In conclusion, given the current momentum within MCAP’s operations and the positive reception of aRFQ™, it may be an opportune time for investors to consider increasing their positions in the stock, while keeping an eye on market developments that could influence its trajectory.