Chicago, USA, April 17, 2024, Chainwire
Liquid Mercury, a number one cryptocurrency buying and selling know-how supplier, at present introduced that it’ll present its Request for Quote (RFQ) platform to GFO-X, the UK's first regulated and centrally cleared buying and selling venue devoted to digital asset derivatives. Institutional buyers will be capable to supply considerable liquidity to commerce listed choices and futures contracts in massive commerce sizes that may be traded as single-leg methods or complicated multi-leg methods.
The mixture of Liquid Mercury's institutional-grade platform and GFO-X's regulated derivatives market supplies a protected and environment friendly buying and selling setting for institutional {and professional} buyers. This know-how permits market members to handle their digital asset exposures and hedge potential portfolio dangers.
Liquidity suppliers can provide two-way quotes in response to RFQs generated by hedge funds, asset managers, and different buy-side members from Liquid Mercury's skilled buying and selling interface or FIX and Internet Socket APIs. Trades are printed on the GFO-X alternate and cleared by the GFO-X Basic Clearing Member of LCH SA. LCH SA is LCH Group's Continental European clearing home and is a part of the biggest and most refined clearing service within the monetary markets. The dealer may even make the most of Liquid Mercury's platform to dealer trades between consumers and sellers to conduct cross-block trades and different sell-side buying and selling workflows on the GFO-X alternate. is.
“Wanting on the fairness derivatives market, GFO-X ’s entry into crypto derivatives is a vital improvement to allow a extra vibrant alternate setting. It is a nice alternative to develop the crypto choices market as a complete,” mentioned Tony Saliba, CEO of Liquid Mercury. Ta. “Along with offering know-how options that energy GFO-X’s block liquidity community, Liquid Mercury will act as a strategic companion and produce our in depth community of shoppers and conventional market members to GFO-X’s We’ll introduce you as a brand new participant to the alternate.”
“We selected Liquid Mercury as a companion due to the staff's pedigree of profitable constructing technology-focused franchises in conventional markets, in addition to its institutional stage presence within the skilled crypto buying and selling neighborhood. We’ve a mixed monitor report of offering options throughout the globe,” mentioned Arnab, CEO of GFO-X. Senator: “We hope that our shared imaginative and prescient of a regulated derivatives market constructed particularly for digital belongings, utilizing the perfect market requirements and know-how from conventional finance, will end in a long-term and really fruitful strategic partnership.” We assist those that are.”
To be taught extra about Liquid Mercury's suite of cryptocurrency buying and selling know-how options, please go to www.liquidmercury.com.
About liquid mercury
Liquid mercury powers skilled cryptocurrency buying and selling. Liquid Mercury is the primary alternative for classy buy-side and institutional sell-side legacy buying and selling professionals transitioning to cryptocurrencies. Institutional-grade infrastructure, entry to deep liquidity, best-in-class buying and selling instruments and workflow automation. Liquid Mercury was created 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, centrally cleared buying and selling venue devoted to digital asset derivatives. Approved and controlled by the UK FCA, GFO-X connects with the world's largest monetary establishments and works with main clearing home LCH SA to resolve counterparty and credit score dangers.
GFO-X addresses a major unmet want for giant, international institutional buyers who require a extremely regulated, institutional-level buying and selling venue for digital asset derivatives.
GFO-X's mission is to offer enhanced liquidity, institutional connectivity, and danger mitigation by high-performance know-how and optimized contract specs.
For extra data, please go to www.gfo-x.com.
contact
chief business officer
ryan hansen
liquid mercury
(e mail protected)
