Mercury Liquid Teams Up with GFO-X to Offer RFQ System for Cryptocurrency Derivatives Trading

Chicago, USA, April 17th, 2024, Chainwire

Liquid Mercury, an innovator in the sphere of crypto trading technology, revealed their new collaboration today. They will supply a Request for Quote (RFQ) interface for GFO-X, a pioneering regulated venue centered on digital assets derivatives trading in the UK. The RFQ system will empower institutional investors to find substantial liquidity for trading options and futures, be it through singular transactions or complex, elaborate strategy implementations.

The combination of Liquid Mercury’s advanced institutional platform with the regulated exchange from GFO-X furnishes a reliable and streamlined setting for corporate trading entities and seasoned investors, enhancing their capability to navigate digital asset markets and shield against portfolio risks.

Via Liquid Mercury’s sophisticated trading interface, hedge funds, asset management firms, and other institutional participants may solicit bids, receiving two-way quotations from liquidity providers. Successfully negotiated trades will involve printing on the GFO-X exchange and clearing through GFO-X’s appointed member at LCH SA, one of the premier clearing services within the international financial sector. Additionally, brokers will leverage Liquid Mercury’s platform for facilitating direct trades between counterparties to enable bulk transactions on the GFO-X exchange, as well as executing other trading operations required by the sell-side.

“Examining the expanding landscape of equity derivatives markets, the introduction of additional options exchanges has catalyzed a surge in trading activity, enriching market liquidity, and breaking trade volume records. I perceive GFO-X’s foray into crypto derivatives trading as a strategic milestone that enriches the exchange ecosystem comprehensively. This represents an exceptional chance to elevate the crypto options marketplace,” commented Tony Saliba, the CEO of Liquid Mercury. “Liquid Mercury, aside from providing the technological backbone for GFO-X’s liquidity network, will serve as a strategic ally, bringing our extensive clientele and our connections with veteran market operatives to GFO-X’s platform.”

“Our choice to partner with Liquid Mercury was propelled by their esteemed history in creating technologically advanced franchises in the conventional trading world, additionally fortified by their successes in furnishing institutional-level solutions for professional cryptocurrency trading,” stated GFO-X’s CEO, Arnab Sen. “Our joint aspiration to curate a digital asset derivatives market that adheres to the highest standards of regulation and leverages premier traditional finance practices is the foundation for what promises to be an enduring and highly advantageous strategic alliance.”

To discover more about the suite of crypto trading technology offered by Liquid Mercury, visit www.liquidmercury.com.

About Liquid Mercury

Liquid Mercury stands as the premier choice for advanced crypto trading for both buy-side and institutional sell-side traders transitioning from traditional markets. With a robust infrastructure, access to extensive liquidity, and cutting-edge trading tools including workflow automation, Liquid Mercury has been engineered by experienced professionals for the most discerning market participants. Explore more about Liquid Mercury at www.liquidmercury.com.

About GFO-X

Global Futures and Options Ltd (GFO-X) proudly stands as the UK’s pioneering FCA authorised and regulated venue catering to trading in digital asset derivatives. Boasting connections with the world’s premier financial institutions and a partnership with the renowned clearing house LCH SA, GFO-X addresses the substantial demand from global institutional players for a regulation-compliant, high-caliber marketplace dedicated to digital asset derivatives.

With a vision to offer superior liquidity, connectivity to major institutions, and risk management through state-of-the-art technology and optimal contract designs, GFO-X is setting new standards in the exchange space. Discover more by visiting www.gfo-x.com

Contact Information

Chief Commercial Officer

Ryan Hansen

Liquid Mercury

team@liquidmercury.com

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