Chicago, USA, April 17, 2024, Chainwire
liquid mercurya leading cryptocurrency trading technology provider, today announced the launch of its Request for Quote (RFQ) platform. GFO-X, the UK's first regulated and centrally cleared trading venue dedicated to digital asset derivatives. Institutional investors will be able to source abundant liquidity to trade listed options and futures contracts in large trade sizes that can be traded as single-leg strategies or complex multi-leg strategies.
The combination of Liquid Mercury's institutional-grade platform and GFO-X's regulated derivatives market provides a safe and efficient trading environment for institutional and professional investors. This technology enables market participants to manage their digital asset exposures and hedge potential portfolio risks.
Liquidity providers can offer two-way quotes in response to RFQs generated by hedge funds, asset managers, and other buy-side participants from Liquid Mercury's professional trading interface or FIX and Web Socket APIs. Trades are printed on the GFO-X exchange and cleared through the GFO-X General Clearing Member of LCH SA. LCH SA is LCH Group's Continental European clearing house and is part of the largest and most sophisticated clearing service in the financial markets. The broker will also utilize Liquid Mercury's platform to broker trades between buyers and sellers to conduct cross-block trades and other sell-side trading workflows on the GFO-X exchange.
“Looking at the equity derivatives market, GFO-X ’s entry into crypto derivatives is an important development to enable a more vibrant exchange environment. This is a great opportunity to grow the crypto options market as a whole,” said Tony Saliba, CEO of Liquid Mercury. Ta. “In addition to providing technology solutions that power GFO-X’s block liquidity network, Liquid Mercury will act as a strategic partner and bring our extensive network of customers and traditional market participants to GFO-X’s We will introduce you as a new participant to the exchange.”
“We chose Liquid Mercury as a partner because of the team's pedigree of successful building technology-focused franchises in traditional markets, as well as its institutional level presence in the professional crypto trading community. We have a combined track record of providing solutions across the globe,” said Arnab, CEO of GFO-X. Senator: “We hope that our shared vision of a regulated derivatives market built specifically for digital assets, using the best market standards and technology from traditional finance, will result in a long-term and very fruitful strategic partnership.” We support those who are.”
For more information on Liquid Mercury's suite of cryptocurrency trading technology solutions, users can visit: www.liquidmercury.com.
About liquid mercury
liquid mercury Power your professional cryptocurrency trading. Liquid Mercury is the number one choice for sophisticated buy-side and institutional sell-side legacy trading professionals transitioning to cryptocurrencies. Institutional-grade infrastructure, access to deep liquidity, best-in-class trading tools and workflow automation. Liquid Mercury was created by professionals for professionals. For more information about liquid mercury, please visit: www.liquidmercury.com.
About GFO-X
Global futures and options Ltd (GFO-X) is the UK's first regulated and centrally licensed trading venue dedicated to digital asset derivatives. Authorized and regulated by the UK FCA, GFO-X connects with the world's largest financial institutions and works with leading clearing house LCH SA to resolve counterparty and credit risks.
GFO-X addresses a significant unmet need for large, global institutional investors who require a highly regulated, institutional-level trading venue for digital asset derivatives.
GFO-X's mission is to provide enhanced liquidity, institutional connectivity, and risk mitigation through high-performance technology and optimized contract specifications.
For more information, please visit: www.gfo-x.com
contact
chief commercial officer
ryan hansen
liquid mercury
team@liquidmercury.com
Source: the-blockchain.com
