Liquid Mercury Partners With GFO-X To Provide RFQ Platform for Trading Crypto Derivatives

April 17, 2024 – Chicago, United States

Institutional traders will be able to source deep liquidity for trading listed options and futures contracts in large trade sizes that can be transacted as single-leg or complex multi-leg strategies.

Liquid Mercury’s institutional-grade platform, combined with GFO-X’s regulated derivatives marketplace, provides a secure and efficient trading environment for institutional trading firms and professional investors.

This technology allows market participants to manage digital asset exposure and hedge underlying portfolio risks.

Liquidity providers can provide two-sided quotes in response to RFQs generated by hedge funds, asset managers and other buy-side participants initiated from Liquid Mercury’s professional-grade trading interface or FIX and web socket APIs.

Trades will print on GFO-X’s exchange and be cleared through a GFO-X general clearing member at LCH SA, LCH Group’s continental Europe clearing house and part of the largest and most sophisticated clearing services in financial markets.

Brokers will also use Liquid Mercury’s platform to intermediate trades between buyers and sellers in order to cross-block trades on GFO-X’s exchange and conduct other sell-side trading workflows.

Tony Saliba, CEO of Liquid Mercury, said,

“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. 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.”

Arnab Sen, CEO of GFO-X, said,

“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.

“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.”

For more information about Liquid Mercury’s suite of crypto trading technology solutions, users can visit the website.

About Liquid Mercury

Liquid Mercury powers professional crypto trading. Liquid Mercury is the number-one choice for sophisticated buy-side and institutional sell-side legacy trading professionals moving into crypto.

Institutional-grade infrastructure, access to deep liquidity and best-in-class trading tools and workflow automation – Liquid Mercury was built by professionals for professionals.

For more information about Liquid Mercury, visit the website.

About GFO-X

GFO-X (Global Futures and Options Ltd) is the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives.

UK FCA authorized and regulated, GFO-X is connected to the world’s largest financial institutions and has partnered with leading clearing house LCH SA, solving for counterparty and credit risk.

GFO-X services the significant unmet need of large global institutional participants who require a highly regulated, institutional-grade trading venue for digital asset derivatives.

GFO-X’s mission is to deliver enhanced liquidity, institutional connectivity and risk mitigation through high-performance technology and optimized contract specifications.

Further information can be found at the website.

Contact

Ryan Hansen, chief commercial officer of Liquid Mercury

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