Chicago, United States, April seventeenth, 2024, Chainwire
Liquid Mercury, a number one crypto buying and selling expertise supplier, introduced immediately 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 have the ability 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 offers 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 way of a GFO-X common clearing member at LCH SA, LCH Group’s continental Europe clearing home and a part of the biggest and most refined clearing companies in monetary markets. Brokers may also use Liquid Mercury’s platform to intermediate trades between patrons and sellers to be able to cross-block trades on GFO-X’s alternate 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 available in the market, and pushed file volumes of contracts traded, I see GFO-X’s entrance into crypto derivatives as a key improvement for a extra vibrant alternate panorama. It is a prime alternative to develop the whole crypto choices market,” stated Liquid Mercury CEO, Tony Saliba. “Along with offering the expertise resolution that may energy GFO-X’s block liquidity community, Liquid Mercury might be working as a strategic accomplice, introducing our purchasers and broad community of conventional market gamers as new members to GFO-X’s alternate.”
“We selected Liquid Mercury as a accomplice as a result of staff’s pedigree in constructing profitable technology-focused franchises in conventional markets, mixed with a monitor file of delivering institutional-grade options to the skilled crypto buying and selling neighborhood,” stated GFO-X CEO, Arnab Sen. “Our shared imaginative and prescient of a regulated derivatives market that’s purpose-built for digital property utilizing the perfect 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 alternative for stylish 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
International 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 way of high-performance expertise and optimized contract specs.
Additional data will be discovered at www.gfo-x.com
Contact
Chief Industrial Officer
Ryan Hansen
Liquid Mercury
staff@liquidmercury.com
