Chicago, United States, April 17, 2024, Chainwire
Liquid Mercury, a leading provider of cryptocurrency trading technology, today announced that it will provide a request for quote (RFQ) platform to GFO-X, the UK's first centrally regulated and authorized trading venue dedicated to digital asset derivatives. Institutional traders will be able to obtain deep liquidity to trade listed options and futures contracts in large trades that can be traded as single-tranche or complex multi-tranche strategies.
Liquid Mercury's institutional grade platform combined with GFO-X's regulated derivatives market provides a secure and efficient trading environment for institutional trading firms and professional investors. This technology allows market participants to manage exposure to digital assets and hedge underlying portfolio risks.
Liquidity providers can provide bilateral quotes in response to quote requests generated by hedge funds, asset managers and other buy-side participants initiated from the Liquid Mercury or FIX professional-grade trading interface and web socket API. Trades will be printed on the GFO-X exchange and cleared through a general GFO-X clearing member at LCH SA, the LCH Group's continental European clearing house and part of the largest and most sophisticated clearing services of the financial markets. Brokers will also use Liquid Mercury's platform to broker trades between buyers and sellers to cross lock trades on the GFO-X exchange and conduct other sell-side trading workflows.
“If we look at the equity derivatives market, where the growth in the number of options trades has driven the growth of trading participants, added more liquidity in the market and driven record volumes of contracts traded, I see the entry of GFO-X in crypto derivatives as a key development for a more vibrant exchange landscape. This is an excellent opportunity to grow the entire crypto options market,” said Tony Saliba, CEO of Liquid Mercury. “In addition to providing the technological solution that will power the GFO-X block liquidity network, Liquid Mercury will operate as a strategic partner, introducing our clients and a broad network of traditional market players as new participants in the GFO-X 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 cryptocurrency trading community,” said Arnab , CEO of GFO-X. Senator: “Our shared vision of a regulated derivatives market designed specifically for digital assets using best-in-class market standards and traditional finance technology underpins what we expect to be a long and very fruitful strategic partnership.”
To learn more about Liquid Mercury's suite of crypto trading technology solutions, users can visit www.liquidmercury.com.
About liquid mercury
Liquid Mercury powers professional crypto trading. Liquid Mercury is the number one choice for sophisticated institutional buy-side and sell-side legacy trading professionals who are moving into cryptocurrencies. Institutional-grade infrastructure, access to deep liquidity and best-in-class trading tools and workflow automation; Liquid Mercury was built by professionals for professionals. For more information about Liquid Mercury, visit www.liquidmercury.com.
About GFO-X
Global Futures and Options Ltd (GFO-X) is the UK's first centrally regulated and licensed trading venue dedicated to digital asset derivatives. Authorized and regulated by the UK FCA, GFO-X is connected to the world's largest financial institutions and has partnered with leading clearinghouse LCH SA, resolving credit and counterparty risk.
GFO-X meets the important unmet need of large global institutional participants who require a highly regulated, institutional-grade trading venue for digital asset derivatives.
GFO-X's mission is to deliver enhanced liquidity, institutional connectivity and risk mitigation through high-performance technology and optimized contract specifications.
More information can be found at www.gfo-x.com
ContactCommercial Directorryan hansenliquid mercury[email protected]
This article was originally published on Chainwire.
