> For the complete documentation index, see [llms.txt](https://docs.tread.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.tread.fi/creating-and-submitting-orders/advanced-settings/max-otc-percentage.md).

# Max OTC Percentage

**Max OTC Percentage** defines how much of an order can be executed via **RFQs (Request for Quotes)** instead of public exchanges. This setting helps balance **cost efficiency** and **execution speed** by determining the share of an order that can be filled **off-exchange** through OTC channels.

#### **How It Works**

* **Higher Max OTC Percentage** – More execution via **RFQs**, reducing **taker fees** and minimizing **market impact**.
* **Lower Max OTC Percentage** – More execution on **exchanges**, prioritizing **speed and liquidity access**.

#### **Considerations**

* **High Max OTC Percentage (e.g., 80%) – More RFQ Execution**
  * Best for **large trades**, minimizing **slippage and exchange fees**.
* **Low Max OTC Percentage (e.g., 20%) – More Exchange Execution**
  * Ideal for **fast execution** in **highly liquid markets**.

This setting allows traders to **optimize execution costs** while maintaining **control over order placement** between **OTC and exchange execution**.