Latest / Financial Survival Network / New Digital Asset Investor Platform -- Tony Saliba #5920

Transcript

New Digital Asset Investor Platform -- Tony Saliba #5920 · Financial Survival Network

• 0:00
  We do white label the certain institutions that offer our retail solution. We really
• 0:07
  focus on security, safety, speed, all the things big banks and institutions
• 0:12
  on Wall Street that we've been to two for about twenty five years have countered
• 0:16
  on. You are listening to Carrie Letz's Financial Survival Network, where you get
• 0:21
  valuable information you just can't find anywhere else to thrive in today's trying times.
• 0:27
  You need the Financial Survival Network now more than ever. Go to Financial Survivalnetwork
• 0:33
  dot com and get your free newsletter and gift. Financial Survival Network now more
• 0:40
  than ever. And welcome. You are listening to watching the Financial Survival Network.
• 0:48
  I'm your host Carrie lutz A. We got a special guest on today,
• 0:53
  Anthony Saliba. Anthony, you're a veteran options trader. You've built plotforms,
• 1:00
  sold them at a substantial profit. You've got a new platform called Liquid
• 1:04
  Mercury and it looks pretty interesting and hey wanted to find out from you what
• 1:11
  it's about. First the questions comments KL at Carrie lets dot com. We'll
• 1:15
  get you an answer back, Anthony. So welcome and tell us about Liquid
• 1:21
  Mercury. Thanks Kerry, great to be here, Thank you well. Liquid
• 1:25
  Mercury is my fourth generation of derivatives software. It's a platform that handles multiple
• 1:34
  asset classes, but primarily digital assets. So we do spot and options on
• 1:41
  cryptocurrencies. We're a B to B but your audience, that is customers can
• 1:49
  find us. We do white label to certain institutions that offer our retail solution.
• 1:57
  We really focus on security, safety, speed, All the things big
• 2:00
  banks and institutions on Wall Street that we've vended to for about twenty five years
• 2:06
  have counted on interesting. So how long has it been around for? So
• 2:10
  Mercury is a few years old. My original company, liquid Point, is
• 2:15
  still the dominant technology on listed options. I sold that company a number of
• 2:21
  years ago and got my same team back together to build out our fourth generation
• 2:28
  of the technology for the digital asset space. So a big differentiator from the
• 2:35
  rest of the software out there is that you know, we're options guys and
• 2:39
  gals and we're able to deliver n number of legs and a spread We have
• 2:46
  our own spread book, we have a matching engine. Things that set us
• 2:50
  world apart. But we also have you know, good clean technology for brokers
• 2:58
  and traders that are in the prop zone or professionals all right, So it's
• 3:05
  basically kind of for insiders, guys who are who really know their stuff traders
• 3:10
  effectively, and obviously the companies that trade prop traders, et cetera. Right,
• 3:20
  correct, correct here? Okay, so what are the benefits of this
• 3:23
  platform? You know, why are you going through this exercise? Obviously there's
• 3:28
  something compelling here. Right. Well, in the early days of crypto,
• 3:32
  first ten years or so, well, maybe the first seven years, there
• 3:37
  was really nothing and it was you know, Walt's wallet and people cobbled together
• 3:40
  things. And then in the mid to eighteens you started to see basically e
• 3:46
  commerce systems crop up to provide you know, exchanges, places for people to
• 3:52
  meet, and that's proliferated over the you know, first part of this decade.
• 4:00
  But what we bring is real Wall Street grade sultware that banks and incisions
• 4:06
  can count on with safety, security, reporting compliance, even though the rule
• 4:13
  set in the US is still very fluid. We've built everything for best execution,
• 4:19
  the ability for the customer or our clients customers to get a great sale,
• 4:27
  know, the you know, food chain of pricing or handling of that
• 4:32
  asset. Predominantly coins, all coins, bitcoin, eat whatever they're trading.
• 4:41
  We're connected to about forty different venues, but we have OTC market makers that
• 4:46
  give commissionless prices to our clients. And you know, it all happens in
• 4:53
  a blink of an eye, so we're fast and accurate and say, okay,
• 5:00
  so industrial grade if you will, right, absolutely, thank you.
• 5:02
  I was searching for the braise all right, So hey, what about your
• 5:09
  tokenization thing? Merk O thanks asking? Yeah, Emmy r c H token
• 5:15
  we launched earlier this year is listed on a couple of non US exchanges CeX
• 5:25
  in Europe and UK, and we'll be watching on bit rude beginning of next
• 5:30
  month and two other Asian exchanges that we're on DeFi uh, you know,
• 5:35
  to swap. And our token has two main value propositions for our institutional clients.
• 5:46
  It spins off discount tokens. You know, our token is able to
• 5:51
  be presented each month or a discount off of our clients invoices, So there's
• 5:59
  a scarcity built in and our clients by for splitting that discount with whoever might
• 6:06
  be the holder of our token that's on the institutional side. So as our
• 6:11
  business grows, obviously the value of the token grows and you know, we're
• 6:16
  just getting started with Liquid Point. I sold a company or of a billion
• 6:20
  about twelve years ago, and we plan to do the same thing with Liquid
• 6:25
  Mercury. On the personal or individual side, we have a rewards program that
• 6:31
  will be launching at the beginning of the year that if you stake your tokens
• 6:36
  you'll have access to third party software that I've curated for trading research, some
• 6:44
  big names in the research, special research just for this group. And then
• 6:48
  I'm launching a podcast called Meals with Market Makers, and you'll only get this
• 6:55
  through our rewards program. So, being one of the market wizards in the
• 6:59
  original book, I've gone around and collated those of us are still alive and
• 7:06
  creating some content that'll be fun and also have some relevance to today's trading and
• 7:13
  juxtapose what we were familiar with at the launch of Options and what we see
• 7:18
  currently in the current crypto environment. All right, so, hey, giving
• 7:25
  you your choice, you got to pick one market or the other options or
• 7:29
  crypto options on crypto. Okay, Well, I know that options are the
• 7:35
  best product ever created at bar None. I think the US options market has
• 7:42
  the most liquidity and it has the most safeguards the best pricing. Now with
• 7:46
  the zero days expiration, you can tickle your fancy at every way. And
• 7:53
  soon zero t expiration will be coming for equities themselves, not just indexes.
• 8:00
  That's where my heart really is. Can you just explain that to zero to
• 8:05
  expiration, how that works for us? Please? Absolutely? Yeah, zero
• 8:09
  to expiration are are options that expire the same day, at the end of
• 8:13
  the day. Okay. So you know, I spent a lot of time
• 8:18
  at the CBOE and with the CBOE, and we learned in the early days
• 8:22
  not to use gambling analogies, so I didn't. But I'm no longer film
• 8:28
  either. Why right, But these are one day bets, if you will,
• 8:35
  on the direction of the index for the trading day, and those will
• 8:39
  becoming to equities probably in twenty twenty four, which really give the investor a
• 8:46
  lot of variability, a lot of choice, and a lot of fun.
• 8:50
  Yeah. Okay. Eventually come with crypto June carry. I mean, as
• 8:54
  you get as you get ETFs approved or rypt, the ripple effect in the
• 9:01
  spot market and the crypto options exchange will be big. There's going to be
• 9:07
  all sorts of edging opportunities. Yeah, I know, I know, it's
• 9:11
  growing by leaps and bounds. You look at the volume of these markets and
• 9:16
  the liquidity, it's rather amazing. It is. Listens. So, if
• 9:22
  I'm just your run of the middle trader here, what do you think I
• 9:26
  should be looking at now? Well, if you're not in the digital asset
• 9:31
  space, you really should take a look at it at a minimum. And
• 9:35
  there's some courses online that are pretty they're pretty meaty and in depth, but
• 9:41
  the number of them you only need to watch really the first few classes at
• 9:46
  the most, maybe one or two. There's one dating back till like twenty
• 9:50
  seventeen or twenty eighteen, a Princeton program that helps people get started, so
• 9:56
  at least you get familiar. I had dinner with the friend of mine professional
• 10:01
  medical fields that I have no clue what crypto is and why do we need
• 10:05
  it? You know, in five minutes or less, I really answered all
• 10:09
  his questions and he came away understanding that there's a huge value, you know,
• 10:15
  in the blockchain itself and the capabilities that distributed ledgers and where it impacts
• 10:22
  all things traded, from listed options and futures to art to real estate to
• 10:28
  wy goo cattle, for instance, but take a class get familiar with crypto.
• 10:35
  If you're in crypto and you're already dabbling in it, then I think,
• 10:39
  you know, you really want to look at some of the second tier
• 10:46
  tokens that have been on their butt since the ft X admission. You know,
• 10:52
  Sam Bankman fraudster, came out and admitted to you know, the things
• 10:58
  that he's done, and stuff is starting to percolate in a lot of fear
• 11:03
  that was in the market is dissipating. So I would take a look at
• 11:07
  that stuff. And of course are tolkien to merk which is currently training under
• 11:11
  a penny and we have big plans for it. Interesting, very interesting.
• 11:16
  So you want to go over to Liquidmercury dot com take a look at what
• 11:22
  Anthony's offering here. I'm kind of intrigued by it. If you've got a
• 11:26
  question for Anthony myself. The email is kl at Kerryloods dot com. The
• 11:30
  link is in the show notes this interview on Financial Survival Network dot com.
• 11:35
  Just go there, click that link. While you're there, sign up for
• 11:37
  a free newsletter Anthony. It sounds like very interesting days ahead, absolutely carry
• 11:43
  I really appreciate it. We're excited as ever, and you're seeing more and
• 11:48
  more traditional financial companies now starting to decide what they're going to bring in as
• 11:56
  far as their infrastructure and software like ours to satisfy their needs. Thanks for
• 12:03
  listening to carry Letz's Financial Survival Network, your solution to today's trying times.
• 12:09
  For the latest, go to Financial Survivalnetwork dot com. Financial Survival Network now
• 12:16
  more than ever,