Chicago, USA, April 17, 2024, Chainwire
Liquid Mercury, a number one cryptocurrency buying and selling expertise supplier, at present introduced that it’s going to 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 have the ability to supply ample liquidity to commerce listed choices and futures contracts in giant commerce sizes that may be traded as single-leg methods or advanced multi-leg methods.
The mixture of Liquid Mercury's institutional-grade platform and GFO-X's regulated derivatives market gives a secure and environment friendly buying and selling surroundings for institutional {and professional} buyers. This expertise allows market individuals 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 individuals from Liquid Mercury's skilled buying and selling interface or FIX and Net Socket APIs. Trades are printed on the GFO-X trade 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 most important and most subtle clearing service within the monetary markets. The dealer can 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 trade. is.
“Trying on the fairness derivatives market, GFO-X ’s entry into crypto derivatives is a vital improvement to allow a extra vibrant trade surroundings. This can be a nice alternative to develop the crypto choices market as an entire,” stated Tony Saliba, CEO of Liquid Mercury. Ta. “Along with offering expertise options that energy GFO-X’s block liquidity community, Liquid Mercury will act as a strategic associate and produce our in depth community of consumers and conventional market individuals to GFO-X’s We are going to introduce you as a brand new participant to the trade.”
“We selected Liquid Mercury as a associate due to the staff's pedigree of profitable constructing technology-focused franchises in conventional markets, in addition to its institutional degree presence within the skilled crypto buying and selling neighborhood. Now we have a mixed observe document of offering options throughout the globe,” stated Arnab, CEO of GFO-X. Senator: “We hope that our shared imaginative and prescient of a regulated derivatives market constructed particularly for digital property, utilizing the perfect market requirements and expertise from conventional finance, will lead to 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 expertise options, please go to www.liquidmercury.com.
About liquid mercury
Liquid mercury powers skilled cryptocurrency buying and selling. Liquid Mercury is the primary selection 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 supply enhanced liquidity, institutional connectivity, and threat mitigation by high-performance expertise and optimized contract specs.
For extra info, please go to www.gfo-x.com.
contactchief business officerryan hansenliquid mercury[email protected]
This text was initially revealed on Chainwire
