Bloomberg, Elwood Technologies ink deal to offer institutional crypto trading capabilities

Elwood Technologies, the crypto-focused technology firm owned by hedge fund heavyweight Alan Howard, announced a "strategic integration" on Thursday with Bloomberg.

According to details shared with The Block, the integration is geared toward the institutional clients who use the Bloomberg Asset and Investment Manager, or Bloomberg AIM, a buy-side order management system used by about 15,000 clients who, collectively, manage more than $17 trillion in assets. The idea is to tie up Bloomberg AIM with the capabilities offered by Elwood's trading platform. 

"The integration combines Elwood’s institutional cryptocurrency trading capabilities with Bloomberg’s data, analytics, and workflow tools, enabling the financial institutions and investment managers on the Bloomberg AIM platform to capture and manage their crypto investments alongside the rest of their portfolio for a unified investment process," Elwood said in a press statement.

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"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," said Ian Pecket