Chicago, United States, September 16th, 2024,
Chainwire
Liquid Mercury’s solution will power Daler Trading’s
market making of options and perpetual swaps on
PowerTrade
Liquid Mercury, a leading crypto trading
technology provider, is excited to announce the launch of a new
algorithm designed to facilitate liquidity provision strategies for
crypto derivatives. Daler Trading, a digital asset market maker,
will leverage Liquid Mercury’s algo and OMS (Order Management
System) platform to actively quote Bitcoin, Ethereum, and 60
altcoin options and perpetual swaps listed on PowerTrade, a
cryptocurrency exchange focused on cryptocurrency options.
“Liquid Mercury is thrilled about our new collaboration
with Daler Trading and PowerTrade,” said Mercury CEO Tony Saliba.
“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.”
“Collaborating with Liquid Mercury and PowerTrade is a
perfect fit as each firm is committed to pushing forward the
evolution of the crypto derivatives market for better liquidity and
trading solutions,” said Paul Anderson, CEO of Daler Trading. “We
look forward to leveraging Liquid Mercury’s tools to make great
prices for PowerTrade traders.”
"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,” said Mario Gomez Lozada, Co-Founder of
PowerTrade. “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."
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 Daler Trading
Daler Trading is a digital asset market maker headquartered in
Gibraltar, providing liquidity and market-making services across a
wide range of digital assets. With connections to over 30 CEX and
DEX platforms, Daler Trading is dedicated to fostering market
efficiency and supporting the growth of the digital asset
ecosystem. For more information, visit dalertrading.com.
About PowerTrade
PowerTrade is a leading crypto options exchange, offering an
unmatched selection of over 60 altcoin option
markets—more than any other platform in the industry. With
over 60,000 option products available, PowerTrade
provides institutional firms and professional traders with the
broadest access to the crypto derivatives market.
PowerTrade's platform combines both RFQ (Request for
Quote) and order book liquidity, delivering the
tightest pricing and deepest
liquidity. Traders benefit from SPAN portfolio
margining and multi-collateral support,
enabling sophisticated strategies and optimal capital
efficiency.
For more information, users can visit Power.Trade, follow PowerTrade on Twitter, or contact Bernd Sischka at
bernd@power.trade.
Contact
Chief Commercial
Officer
Ryan
Hansen
Liquid
Mercury
team@liquidmercury.com