Liquid Mercury Joins Forces with GFO-X to Provide RFQ Platform for Trading Crypto Derivatives

Liquid Mercury Joins Forces with GFO-X to Provide RFQ Platform for Trading Crypto Derivatives
фото показано с : zycrypto.com

2024-4-17 17:13

Today, Liquid Mercury, a prominent player in the crypto trading technology space, revealed that it will be offering an RFQ platform to GFO-X. GFO-X is the UK’s pioneering regulated and centrally cleared trading venue exclusively focused on digital assets derivatives. The platform allows institutional traders to easily access extensive liquidity for trading listed options and futures contracts in large trade sizes. These trades can be executed as single-leg or complex, multi-leg strategies, providing flexibility and convenience.

With Liquid Mercury’s institutional-grade platform and GFO-X’s regulated derivatives marketplace, institutional trading firms and professional investors can enjoy a secure and efficient trading environment. With a deep understanding of this cutting-edge technology, individuals can effectively navigate the digital asset landscape and mitigate potential risks to their portfolios.

Those well-versed in blockchain technology can offer two-sided quotes in response to RFQs from hedge funds, asset managers, and other buy-side participants through Liquid Mercury’s professional-grade trading interface or FIX and web socket APIs. Trades will be executed on GFO-X’s exchange and cleared through a GFO-X general clearing member at LCH SA, a prominent clearing house in continental Europe that offers advanced clearing services in financial markets. Brokers will utilize Liquid Mercury’s platform to facilitate trades between buyers and sellers, enabling cross-block trades on GFO-X’s exchange and conducting various sell-side trading workflows.

“Looking at the equity derivatives market, where the growth in number of options exchanges has fueled the growth in trading participants, added more liquidity in the market, and driven record volumes of contracts traded, I see GFO-X’s entrance into crypto derivatives as a key development for a more vibrant exchange landscape. This is a prime opportunity to grow the entire crypto options market,” said Liquid Mercury CEO, Tony Saliba. “In addition to providing the technology solution that will power GFO-X’s block liquidity network, Liquid Mercury will be operating as a strategic partner, introducing our clients and broad network of traditional market players as new participants to GFO-X’s 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 crypto trading community,” said GFO-X CEO, Arnab Sen. “Our shared vision of a regulated derivatives market that is purpose-built for digital assets using the best market standards and technology from traditional finance underpins what we expect to be a long and very fruitful strategic partnership.”

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