Bloomberg and Elwood Technologies have partnered to enable investments — from clients using Elwood’s cryptocurrency trading platform — to flow directly into Bloomberg AIM, a buy-side order management system (OMS).
The integration is expected to be completed and available for mutual clients of Elwood and Bloomberg AIM in Q2 2022.
The integration will combine Elwood’s institutional cryptocurrency trading capabilities with Bloomberg’s data, analytics, and workflow tools, enabling the financial institutions and investment managers on the AIM platform to capture and manage their crypto investments alongside the rest of their portfolio.
Elwood will adopt a Financial Instrument Global Identifier (FIGI) for crypto assets as the common identifier for the integration.
The integration is part of Bloomberg’s wider effort to give clients the full portfolio perspective they need for risk and exposure management when investing in alternative products without needing to fundamentally change their operating model.
Bloomberg’s buy-side solutions deliver front-to-back technology for the investment lifecycle, from decision support and order management, to portfolio management and post-trade services.
Ian Peckett, global head of buy-side product at Bloomberg, says: "We are very pleased to be able 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.”
James Stickland, CEO of Elwood Technologies, comments: “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 cryptocurrency markets.”
