Chicago, United States, April seventeenth, 2024, Chainwire
Liquid Mercury, a number one crypto buying and selling expertise supplier, introduced as we speak that it’s offering a request for quote (RFQ) platform to GFO-X, the UK’s first regulated and centrally cleared buying and selling venue devoted to digital property derivatives. Institutional merchants will be capable to supply deep liquidity for buying and selling listed choices and futures contracts in massive commerce sizes that may be transacted as single-leg or complicated, multi-leg methods.
Liquid Mercury’s institutional-grade platform mixed with GFO-X’s regulated derivatives market supplies a safe and environment friendly buying and selling surroundings for institutional buying and selling companies {and professional} traders. This expertise permits market members to handle digital asset publicity and hedge underlying portfolio dangers.
Liquidity suppliers can present two-sided quotes in response to RFQs generated by hedge funds, asset managers, and different buy-side members initiated from Liquid Mercury’s professional-grade buying and selling interface or FIX and net socket APIs. Trades will print on GFO-X’s alternate and be cleared by a GFO-X common clearing member at LCH SA, LCH Group’s continental Europe clearing home and a part of the most important and most refined clearing companies in monetary markets. Brokers will even use Liquid Mercury’s platform to intermediate trades between consumers and sellers so as to cross-block trades on GFO-X’s alternate and conduct different sell-side buying and selling workflows.
“Looking at the equity derivatives market, where the growth in number of options exchanges has fueled the growth in trading participants, added more liquidity in the market, and driven record volumes of contracts traded, I see GFO-X’s entrance into crypto derivatives as a key development for a more vibrant exchange landscape. This is a prime opportunity to grow the entire crypto options market,” stated Liquid Mercury CEO, Tony Saliba. “In addition to providing the technology solution that will power GFO-X’s block liquidity network, Liquid Mercury will be operating as a strategic partner, introducing our clients and broad network of traditional market players as new participants to GFO-X’s exchange.”
“We chose Liquid Mercury as a partner due to the team’s pedigree in building successful technology-focused franchises in traditional markets, combined with a track record of delivering institutional-grade solutions to the professional crypto trading community,” stated GFO-X CEO, Arnab Sen. “Our shared vision of a regulated derivatives market that is purpose-built for digital assets using the best market standards and technology from traditional finance underpins what we expect to be a long and very fruitful strategic partnership.”
For extra details about Liquid Mercury’s suite of crypto buying and selling expertise options, customers can go to www.liquidmercury.com.
About Liquid Mercury
Liquid Mercury powers skilled crypto buying and selling. Liquid Mercury is the #1 selection for classy buy-side and institutional sell-side legacy buying and selling professionals transferring into crypto. Institutional grade infrastructure, entry to deep liquidity, and best-in-class buying and selling instruments and workflow automation; Liquid Mercury was constructed by professionals for professionals. For extra details about Liquid Mercury, go to www.liquidmercury.com.
About GFO-X
World Futures and Choices Ltd (GFO-X) is the UK’s first regulated and centrally cleared buying and selling venue devoted to digital asset derivatives. UK FCA authorised and controlled, GFO-X is linked to the world’s largest monetary establishments and has partnered with main clearing home LCH SA, fixing for counterparty and credit score threat.
GFO-X companies the numerous unmet want of enormous international institutional members who require a extremely regulated, institutional-grade buying and selling venue for digital asset derivatives.
GFO-X’s mission is to ship enhanced liquidity, institutional connectivity and threat mitigation by high-performance expertise and optimized contract specs.
Additional info could be discovered at www.gfo-x.com
Contact
Chief Industrial Officer
Ryan Hansen
Liquid Mercury
staff@liquidmercury.com
