Liquid Mercury has announced the launch of a new algorithm designed to facilitate liquidity provision strategies for crypto derivatives. Daler Trading plans to utilize this technology on PowerTrade for quoting options and perpetual swaps.
New Algorithm by Liquid Mercury
Liquid Mercury, a leading crypto trading technology provider, introduced a new algorithm to support liquidity provision strategies for crypto derivatives. Daler Trading will use this algorithm and Order Management System (OMS) platform to actively quote Bitcoin, Ethereum, and 60 altcoin options and perpetual swaps listed on PowerTrade, a cryptocurrency exchange focused on options.
Participants' Opinions
Tony Saliba, CEO of Liquid Mercury, stated: “We are thrilled about our new collaboration with Daler Trading and PowerTrade. The growing crypto derivatives market greatly benefits from liquidity providers like Daler who are willing to take risk and improve the efficiency of the market. We see a continued client interest in finding trading opportunities beyond the major coins and in more trading venues that support derivatives trading, so we are excited to open access to PowerTrade.”
Company Information
Mario Gomez Lozada, Co-Founder of PowerTrade, added: “We are thrilled to welcome Liquid Mercury, an institutional-grade trading technology provider, and Daler Trading, a seasoned market maker with extensive experience in professional derivatives trading. Their combined expertise and technology significantly enhance our platform, offering institutional option traders deeper liquidity, advanced trading tools, and a robust environment for executing sophisticated strategies. This collaboration underscores PowerTrade’s commitment to providing exceptional value and a superior trading experience to institutional participants in the crypto derivatives market.”
The new initiative by Liquid Mercury, Daler Trading, and PowerTrade promises to significantly strengthen the crypto derivatives market by offering improved tools and deeper liquidity to institutional traders.
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