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Chicago, United States, April seventeenth, 2024, Chainwire
Liquid Mercury, a number one crypto buying and selling know-how supplier, introduced at this time 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 belongings derivatives. Institutional merchants will have the ability to supply deep liquidity for buying and selling listed choices and futures contracts in giant 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 supplies a safe and environment friendly buying and selling surroundings for institutional buying and selling companies {and professional} traders. This know-how permits market contributors 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 contributors 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 means of a GFO-X normal clearing member at LCH SA, LCH Group’s continental Europe clearing home and a part of the most important and most subtle clearing providers in monetary markets. Brokers can even use Liquid Mercury’s platform to intermediate trades between consumers and sellers as a way 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 contributors, added extra liquidity available in the market, and pushed report 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 your entire crypto choices market,” stated Liquid Mercury CEO, Tony Saliba. “Along with offering the know-how answer that may energy GFO-X’s block liquidity community, Liquid Mercury will likely be working as a strategic accomplice, introducing our purchasers and broad community of conventional market gamers as new contributors 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 report 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 belongings utilizing the most effective market requirements and know-how 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 know-how 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 stylish 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 threat.
GFO-X providers the numerous unmet want of huge world institutional contributors 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 means of high-performance know-how and optimized contract specs.
Additional info will be discovered at www.gfo-x.com
Contact
Chief Industrial Officer
Ryan Hansen
Liquid Mercury
[email protected]
