Bloomberg and Elwood Technologies have announced their strategic partnership to enrich the institutional capabilities of cryptocurrency. The merger enables customers to invest using Elwood’s flagship AIM trading platform.
Elwood’s new native crypto solution will bring deeper liquidity and bigger market data. These facilities are the gateway to digital media. The integration integrates Elwood’s institutional crypto business capabilities with Bloomberg’s data, workflow tools, analytics, and m, monitoring system. This enables financial institutions and investment managers on the AIM platform. This is an integrated investment platform that can capture and manage crypto investments. Again, Elwood will consider the Global Financial Instrument Identifier (FIGI) of cryptocurrencies as a common identifier for integration.
“We are very pleased to offer Bloomberg AIM clients integrated access to Elwood’s market-leading cryptocurrency trading platform. It has always been our goal to provide clients with the cutting-edge capabilities necessary to manage their entire investment portfolio in an integrated manner, and this increasingly includes alternative asset classes such as cryptocurrencies.”
Ian Peckett, Global Head of Buy-Side Product at Bloomberg.
The merger with Elwood represents Bloomberg’s “Buy Side by Side” philosophy and commitment. This commitment allows customers to maintain a full portfolio of risk perception and exposure management when investing in innovations and other products.
“This strategic partnership continues to deliver on our mission of providing access to digital asset markets in a way that institutions expect. We look forward to working closely with Bloomberg to simplify institutional access to the cryptocurrency market. The most important part not to be missed is that the integration is expected to be completed and available for mutual clients of Elwood and Bloomberg AIM in Q2 2022.”
James Stickland, CEO of Elwood Technologies.