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17/9/2024

Liquid Mercury Launches Market Making Algorithm for Trading Crypto Derivatives

Liquid Mercury’s solution will power Daler Trading’s market making of options and perpetual swaps on PowerTrade

Liquid Mercury Launches Market Making Algorithm for Trading Crypto Derivatives
Liquid Mercury Launches Market Making Algorithm for Trading Crypto Derivatives

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.

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