Cryptocurrency-focused technology firm Elwood Technologies, owned by hedge fund manager Alan Howard, has announced that it will integrate with Bloomberg's Asset and Investment Manager (AIM) system.
In the statement, it was stated that the agreement between the parties is for corporate customers using AIM, a buy-side order management system. It was also stated that the AIM system is used by approximately 15,000 customers from 900 different companies and has more than $17 trillion in assets under its management.
UK-based Elwood's cryptocurrency trading platform will be connected to AIM, the system that offers institutional customers the opportunity to invest in digital assets. With this integration, AIM users will now be able to manage other investment portfolios and crypto money investments.
James Stickland, CEO of Elwood Technologies, stated that they look forward to working together.
“The strategic partnership with Bloomberg continues to fulfill our mission of providing access to digital asset markets as institutions expect. We look forward to working closely with Bloomberg to simplify institutional access to the cryptocurrency markets.”
Ian Peckett, Global Head of Product at Bloomberg's Buy Side, also expressed his satisfaction.
“We are delighted to be able to offer Bloomberg AIM customers access to Elwood's market-leading cryptocurrency trading platform. It has always been our goal to provide our customers with the cutting-edge technological convenience they need to manage their entire investment portfolio. This includes alternative asset classes such as cryptocurrencies whose adoption is growing. "
In the statement, it was stated that the integration between Bloomberg AIM and Elwood is expected to be completed in the second quarter of 2022.