A new London-based crypto derivatives venue, backed by M&G Investments and aimed at large financial firms, has made its debut, as the recent rally bolsters institutional interest in digital assets.
Trading venue Global Futures and Options Ltd., known as GFO-X, said on Tuesday that market makers Virtu Financial and IMC had carried out their first trade on its platform. The transaction was centrally cleared through the London Stock Exchange Group’s LCH DigitalAssetClear, a new offering developed to cash-settle GFO-X derivatives trades, the companies said.
GFO-X, which offers trading in Bitcoin index futures and options, originally expected to be live ...
