Liquid Mercury and GFO-X Partner to Provide RFQ Platform for Trading Regulated Digital Asset Derivatives

Liquid Mercury’s solution will power block trading of options and futures on GFO-X’s UK FCA authorised and regulated trading venue

 

Liquid Mercury, a leading digital assets trading technology provider, announced today that it has signed a Memorandum of Understanding to provide a request for quote (RFQ) platform to GFO-X, the UK’s first regulated and centrally cleared trading venue dedicated to digital assets derivatives. Institutional traders will be able to source deep liquidity for trading regulated Bitcoin futures and options 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 will provide 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 be registered with GFO-X’s trading venue and LCH SA will provide clearing services through its new LCH DigitalAssetClear service. Brokers will also use Liquid Mercury’s platform to intermediate trades between buyers and sellers to register block trades and conduct other sell-side trading workflows.

“Looking at the equity derivatives market, where the growth in number of options exchanges has fueled the growth in trading participants, added more liquidity, and driven record volumes of contracts traded, and given the caliber of the GFO-X team, I see GFO-X’s entrance into the digital asset derivatives market as a key development for a more vibrant trading landscape. This is a prime opportunity to grow the entire digital assets options market,” said Liquid Mercury CEO, Tony Saliba. “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 potential participants to GFO-X.”

“We are delighted to announce this partnership with Liquid Mercury. Given the background of the team in building successful institutional technology solutions for traditional markets, we are excited about this partnership and look forward to working together to deliver similar institutional-grade solutions to the professional trading community, bridging the gap for both traditional and digital asset participants,” said GFO-X CEO, Arnab Sen. “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 will be a long and very fruitful strategic partnership.”

For more information about Liquid Mercury’s suite of digital asset trading technology solutions, please visit www.liquidmercury.com.

About Liquid Mercury
Liquid Mercury powers professional crypto trading. Liquid Mercury is the #1 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 www.liquidmercury.com.

About GFO-X

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

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