Institutional Trading Platform

Liquid Mercury provides institutional-grade trading platforms designed for professional crypto traders and OTC brokers. The platform suite delivers sophisticated trade execution tools, prime brokerage capabilities, and OTC trading infrastructure for navigating crypto derivatives and spot markets.

Professional-Grade Order & Execution Management

The platform offers advanced order routing capabilities using DMA (Direct Market Access), staging, and execution algorithms. Traders can manage all orders and trade data in a single unified platform with real-time views of balances and account positions. The system supports anonymous multi-dealer RFQ (Request for Quote) to source block liquidity, and enables trading of single-leg and multi-leg orders in net price structures. Features include limit orders, streaming pricing models, and high-touch trades on behalf of clients.

Global Connectivity & Liquidity Access

Liquid Mercury Pro provides access to liquidity across global markets and trading instruments. Users can trade the crypto derivatives complex at both onshore and offshore exchanges, access institutional-sized pricing with leading OTC liquidity providers (including Wintermute, B2C2, DV Chain, and Cumberland), and trade a wide range of spot products with leading lit exchanges. The platform also supports reporting of trades executed outside the platform for a holistic view of positions and a global order blotter.

24/7 OTC Trading Infrastructure

The OTC platform enables fully-automated, end-to-end electronic over-the-counter trading capabilities. Brokers can provide their own liquidity, source from Liquid Mercury's liquidity provider network, or combine both approaches based on customizable rules. The system features automated spread markups configurable by individual clients and trading pairs, with support for both RFQ and streaming pricing models.

Integrated Settlement & Custody

The platform offers full integration with Fireblocks and other custodial solutions and banking platforms, enables hedging of FX exposure with FX brokers, and provides custom connectivity to internal ledgers and trading systems for buying power checks, trade reporting, and workflow automation.

Advanced API Suite

The platform includes a comprehensive API suite for programmatic trading and integration with existing trading systems, enabling algorithmic trading strategies and automated workflow execution.

Target Users

Designed for professional traders, institutional buy-side firms, sell-side trading desks, OTC crypto brokers, liquidity providers, and sophisticated users who require institutional-grade infrastructure, advanced execution capabilities, and multi-market connectivity.