Bloomberg and Elwood Technologies have partnered to allow investments – from customers 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 complete and available to joint Elwood and Bloomberg AIM customers in Q2 2022.
The integration will combine Elwood’s institutional cryptocurrency trading capabilities with Bloomberg’s data, analytics and workflow tools, enabling financial institutions and investment managers on the AIM platform to capture and manage their crypto investments along with the rest of their portfolio.
Elwood will adopt a Financial Instrument Global Identifier (FIGI) for crypto-assets as a common identifier for the integration.
The integration is part of Bloomberg’s broader effort to give clients the comprehensive portfolio perspective they need for managing risk and exposure when investing in alternative products without needing to fundamentally change their operating model.
Bloomberg’s buy-side solutions offer comprehensive 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 Products at Bloomberg, said, “We are very pleased to be able to offer Bloomberg AIM clients integrated access to Elwood’s market-leading cryptocurrency trading platform. Our goal has always been to provide clients with the industry-leading capabilities needed 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 fulfill our mission to provide 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.