Elwood sells crypto OTC branch to Standard Chartered-backed Zodia Markets | Headlines | News | CoinMarketCap
07/17/2024 19:11
Institutional crypto trading firm Zodia Markets has officially confirmed the acquisition of Alan Howard-backed Elwood’s OTC branch. Crypto trading …
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Published on July 17, 2024 12:03 GMT+00:00edited on July 17, 2024 12:04 GMT+00:00
Institutional crypto trading firm Zodia Markets has officially confirmed the acquisition of Alan Howard-backed Elwood’s OTC branch.
Crypto trading firm Zodia Markets has confirmed its acquisition of Elwood Technologies’ over-the-counter (OTC) crypto branch, known as Elwood Capital, backed by Alan Howard.
In a blog announcement, the Standard Chartered-backed firm said the acquisition includes an execution management system (EMS) with tools for accessing liquidity as well as portfolio & risk management system (PMS). Commenting on the sale, Elwood chief executive Chris Lawn said the deal marks an “important new chapter for Elwood” as it “strengthens” the company’s position on the market.
“The sale of our OTC trading business supports Elwood’s strategic plan to build a world-class …