Liquid Mercury Companions with GFO-X to Present RFQ Platform for Buying and selling Crypto Derivatives

Chicago, United States, April seventeenth, 2024, Chainwire

Liquid Mercury, a number one crypto buying and selling expertise supplier, introduced in the present day 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 of 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 offers a safe and environment friendly buying and selling setting 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 internet socket APIs. Trades will print on GFO-X’s trade and be cleared via a GFO-X basic clearing member at LCH SA, LCH Group’s continental Europe clearing home and a part of the biggest and most subtle clearing companies in monetary markets. Brokers will even use Liquid Mercury’s platform to intermediate trades between patrons and sellers in an effort to cross-block trades on GFO-X’s trade and conduct different sell-side buying and selling workflows.

“Wanting on the fairness derivatives market, the place the expansion in variety of choices exchanges has fueled the expansion in buying and selling members, added extra liquidity out there, and pushed report volumes of contracts traded, I see GFO-X’s entrance into crypto derivatives as a key growth for a extra vibrant trade panorama. It is a prime alternative to develop the complete crypto choices market,” mentioned Liquid Mercury CEO, Tony Saliba. “Along with offering the expertise answer that may energy GFO-X’s block liquidity community, Liquid Mercury might be working as a strategic companion, introducing our shoppers and broad community of conventional market gamers as new members to GFO-X’s trade.”

“We selected Liquid Mercury as a companion as a result of staff’s pedigree in constructing profitable technology-focused franchises in conventional markets, mixed with a monitor report of delivering institutional-grade options to the skilled crypto buying and selling neighborhood,” mentioned GFO-X CEO, Arnab Sen. “Our shared imaginative and prescient of a regulated derivatives market that’s purpose-built for digital property utilizing the most effective market requirements and expertise from conventional finance underpins what we anticipate to be an extended and really 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 shifting 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 danger.

GFO-X companies the numerous unmet want of huge world 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 danger mitigation via 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
[email protected]