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New tech and younger faces: DRW's Cumberland looks different, its counter-parties say
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Quick Take
- Cumberland, tech giant DRW’s crypto unit, looks very different from the outside following leadership and API changes, sources say
- A number of its gray beard execs have departed the firm and it is taking a fresh approach to engaging with the nascent crypto market
DRW’s Cumberland might be unrecognizable to some of its counter-parties as it takes a more modern approach to trading, and as its old-guard execs depart the company. The firm, which is led by trading giant Don Wilson, was one of the first well-known high-frequency trading shops to dive into the over-the-counter trading market for crypto. […]
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