Liquid Mercury partners with GFO-X to provide RFQ platform for cryptocurrency derivatives trading – Blockchain News, Opinion, TV and Careers

adminMay 2, 2024

Chainwire, Chicago, USA, April 17, 2024

Liquid Mercury, a leading cryptocurrency trading technology provider, today announced that it is offering its Request for Quote (RFQ) platform on GFO-X, the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives. Institutional traders have access to high liquidity to trade publicly traded options and futures contracts with large trade sizes that can be traded in single leg or complex multi-leg strategies.

Liquid Mercury’s institutional-grade platform, combined with GFO-X’s regulated derivatives markets, provides a safe and efficient trading environment for institutional trading firms and professional investors. This technology allows market participants to manage digital asset exposure and hedge underlying portfolio risks.

Liquidity providers can provide two-sided quotes in response to RFQs generated by hedge funds, asset managers, and other buy-side participants initiated through Liquid Mercury’s professional-grade trading interface or the 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, the continental European clearing house of the LCH Group and part of the largest and most sophisticated clearing service in the financial markets. Brokers also use Liquid Mercury’s platform to broker transactions between buyers and sellers, cross-blocking trades on the GFO-X exchange and performing other sell-side trading workflows.

“Looking at the equity derivatives market, where an increase in the number of options exchanges is driving growth in trading participants, adding more liquidity to the market, and increasing record contract volume, GFO-X’s foray into cryptocurrency derivatives is This is a key development for a more active exchange environment. This is our best opportunity to grow the overall cryptocurrency options market,” said Liquid Mercury CEO Tony Saliba. “In addition to providing technical solutions that will strengthen GFO-X’s block liquidity network, Liquid Mercury will operate as a strategic partner, introducing a broad network of customers and traditional market participants as new participants to the GFO-X exchange.”

“We chose Liquid Mercury as our partner based on the team’s track record of building successful technology-driven franchises in traditional markets and their track record of providing institutional-level solutions to the professional cryptocurrency trading community,” said Arnab, CEO of GFO-X. He said. “Our shared vision for a regulated derivatives market purpose-built for digital assets using the best market standards and technology from traditional finance underpins what we anticipate will be a long-term and highly beneficial strategic partnership,” the senator said. .

To learn more about Liquid Mercury’s suite of cryptocurrency trading technology solutions, visit www.liquidmercury.com.

About liquid mercury

Liquid Mercury supports professional cryptocurrency trading. Liquid Mercury is the top choice for sophisticated buy-side and institutional sell-side legacy trading professionals making the switch to cryptocurrency. Institutional-grade infrastructure, access to abundant liquidity, best-in-class trading tools, and workflow automation Liquid Mercury is built by professionals for professionals. For more information about Liquid Mercury, visit www.liquidmercury.com.

Introduction to GFO-X

Global Futures and Options Ltd (GFO-X) is the UK’s first regulated and centrally cleared trading venue specializing in digital asset derivatives. Authorized and regulated by the UK FCA, GFO-X is connected to some of the world’s largest financial institutions and partners with leading clearing house LCH SA to address counterparty and credit risk.

GFO-X meets the critical unmet needs of large, global institutional participants who require a highly regulated, institutional-grade 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.

More information can be found at www.gfo-x.com.