Difference between revisions of "DRW Holdings"

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(The Digital Asset Project)
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Digital Asset was founded in 2014 out of a [[bitcoin]] trading operation created by and operated through, a little-known [http://www.marketswiki.com/wiki/Subsidiary subsidiary] known as Cumberland Mining & Materials.<ref>{{cite web|url=http://www.nytimes.com/2015/12/29/business/dealbook/cash-call-for-a-new-technology.html?partner=rss&emc=rss|name=Start-Up With Bitcoin in Its DNA Stumbles on Fund-Raising Trail|org=New York Times|date=December 29, 2015}}</ref> About 12 of DRW's 800 employees in 2017 were involved in trading crypto-currencies, which the Financial Times said was leading the charge into the markets.<ref>{{cite web|url=https://www.ft.com/content/40a86de6-b5dd-11e7-a398-73d59db9e399|name=DRW leads high frequency trading charge into cryptocurrencies|org=Financial Times|date=October 23, 2017}}</ref>
 
Digital Asset was founded in 2014 out of a [[bitcoin]] trading operation created by and operated through, a little-known [http://www.marketswiki.com/wiki/Subsidiary subsidiary] known as Cumberland Mining & Materials.<ref>{{cite web|url=http://www.nytimes.com/2015/12/29/business/dealbook/cash-call-for-a-new-technology.html?partner=rss&emc=rss|name=Start-Up With Bitcoin in Its DNA Stumbles on Fund-Raising Trail|org=New York Times|date=December 29, 2015}}</ref> About 12 of DRW's 800 employees in 2017 were involved in trading crypto-currencies, which the Financial Times said was leading the charge into the markets.<ref>{{cite web|url=https://www.ft.com/content/40a86de6-b5dd-11e7-a398-73d59db9e399|name=DRW leads high frequency trading charge into cryptocurrencies|org=Financial Times|date=October 23, 2017}}</ref>
  
The company, which uses [[blockchain]] (a type of [[distributed ledger]]) technology to facilitate settlement between digital and traditional currencies, is attempting to build a database to speed up the process of trading, clearing and settlement of financial transactions. In April 2015, Digital Asset hired former JPMorgan global commodities chief [[Blythe Masters]] as CEO.<ref>{{cite web|url=http://www.bloomberg.com/news/articles/2015-03-11/swaps-pioneer-blythe-masters-to-lead-virtual-currency-startup|name=Swaps Pioneer Blythe Masters to Lead Virtual Currency Startup|org=Bloomberg|date=June 28, 2015}}</ref>
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The company, which uses [[blockchain]] (a type of [[distributed ledger]]) technology to facilitate settlement between digital and traditional currencies, is attempting to build a database to speed up the process of trading, clearing and settlement of financial transactions. In April 2015, Digital Asset hired former JPMorgan Global Commodities Chief [[Blythe Masters]] as CEO.<ref>{{cite web|url=http://www.bloomberg.com/news/articles/2015-03-11/swaps-pioneer-blythe-masters-to-lead-virtual-currency-startup|name=Swaps Pioneer Blythe Masters to Lead Virtual Currency Startup|org=Bloomberg|date=June 28, 2015}}</ref>
  
 
Cumberland went on to take a central role as one of the top market makers in the bitcoin market, trading more than $20 billion worth of bitcoin, [[Ethereum]] and other cryptocurrencies in 2017, according to DRW. <ref>{{cite web|url=https://www.wsj.com/articles/bitcoins-trading-star-is-chicago-high-speed-firm-that-nods-to-the-grateful-dead-1511787600?mg=prod/accounts-wsj|name=Bitcoin's Trading Star s Chicago High-Speed Firm That Nods to the Grateful Dead|org=The Wall Street Journal|date=November 28, 2017}}</ref>
 
Cumberland went on to take a central role as one of the top market makers in the bitcoin market, trading more than $20 billion worth of bitcoin, [[Ethereum]] and other cryptocurrencies in 2017, according to DRW. <ref>{{cite web|url=https://www.wsj.com/articles/bitcoins-trading-star-is-chicago-high-speed-firm-that-nods-to-the-grateful-dead-1511787600?mg=prod/accounts-wsj|name=Bitcoin's Trading Star s Chicago High-Speed Firm That Nods to the Grateful Dead|org=The Wall Street Journal|date=November 28, 2017}}</ref>

Revision as of 13:32, 22 April 2019


DRW Holdings LLC
DRW logo.png
Founded 1992
Headquarters Headquartered in Chicago; offices in Austin, Houston, London, Montreal, New York and Singapore
Key People Don Wilson, Founder and CEO
Employees 800+
Products Pit Trading, Risk Management, Technology, Real Estate, Venture Capital
Twitter @DRWTrading
Website DRW Home

DRW is a proprietary trading firm that trades financial instruments in the U.S. and internationally, including fixed income, energy, agricultural and equity index futures and options. Much of the firm's trading is done on centrally cleared exchanges such as CME Group, Intercontinental Exchange, Eurex, Cboe and others.

To read the full article on DRW Holdings LLC, click on Marketswiki.gif to open a new tab with MarketsWiki.

The Digital Asset Project

Digital Asset was founded in 2014 out of a bitcoin trading operation created by and operated through, a little-known subsidiary known as Cumberland Mining & Materials.[1] About 12 of DRW's 800 employees in 2017 were involved in trading crypto-currencies, which the Financial Times said was leading the charge into the markets.[2]

The company, which uses blockchain (a type of distributed ledger) technology to facilitate settlement between digital and traditional currencies, is attempting to build a database to speed up the process of trading, clearing and settlement of financial transactions. In April 2015, Digital Asset hired former JPMorgan Global Commodities Chief Blythe Masters as CEO.[3]

Cumberland went on to take a central role as one of the top market makers in the bitcoin market, trading more than $20 billion worth of bitcoin, Ethereum and other cryptocurrencies in 2017, according to DRW. [4]

References