Liquid Mercury, a leading crypto trading technology provider, announced today that it is partnering with Crossover Markets, a digital asset technology firm focused on meeting the unique liquidity requirements of institutions, to provide a state-of-the-art crypto trading front end to Crossover’s institutional clients to perform trades on their execution-only crypto ECN, CROSSx. The customized platform will provide CROSSx clients with access to robust institutional order management capabilities and trading tools required by professional traders, complementing Crossover’s existing API-based trading workflows.
Thanks to the unique combination of CROSSx’s modern architecture and Liquid Mercury’s battle-tested trading technology, professional crypto traders will be able to execute trades at unrivaled speeds compared to other crypto exchanges, while enhancing enterprise risk management through the decoupling of trade execution from custody and brokerage.
“We are thrilled to form this relationship with Crossover Markets and to serve as the client-facing gateway to this exciting new institutional crypto venue,” said Liquid Mercury CEO, Tony Saliba. “The combination of deep traditional markets experience from both teams and shared vision of an improved marketplace through segregation of duties across trade execution, custody, and brokerage compelled Liquid Mercury to quickly deliver a solution that Crossover Markets can proudly offer to their clients.”
“Differentiating our offering through category-leading technology is a cornerstone of Crossover’s strategy,” said Anthony Mazzarese, Co-Founder and Chief Commercial Officer of Crossover. “Having built our proprietary matching engine entirely in-house, we wanted a partner who could match our focus and speed in delivering a client front-end. Liquid Mercury’s responsiveness, collaborative approach, and strong technology are a perfect fit for CROSSx venue participants who need to trade via GUI, and we are excited to bring another facet of our ECN to market.”