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Bullish expands institutional connectivity for BTC options through Elwood integration

News
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October 12, 2026
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3
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Bullish (GI) Limited

Gibraltar – October 12, 2026 – Bullish (NYSE: BLSH), an institutionally focused global digital asset platform providing market infrastructure and information services, today announced that BTC options trades and market data from Bullish Exchange¹ are now available directly within Elwood Technologies' portfolio management system, expanding Elwood's existing connectivity to Bullish spot and derivatives markets and giving mutual customers a more connected way to manage Bullish options post-trade.

The integration enables mutual customers of Bullish and Elwood to bring their BTC options positions into the same portfolio management, risk analytics and reconciliation workflows they already use. Through direct post-trade connectivity, BTC options trades executed on Bullish are fetched into Elwood, where they can be booked automatically or reconciled against the Bullish trade record.

Live Bullish options market data is also available on Elwood, allowing positions to be priced on current market prices and held alongside spot, perpetual futures and the rest of the portfolio. This gives institutional desks a consolidated view of Greeks, exposure and P&L, with trades, positions and balances reconciled against a single Bullish record.

“Connecting our options market to the systems institutions already use is an important part of building out the institutional infrastructure around Bullish,” said Chris Tyrer, president of Bullish Exchange. “Through our integration with Elwood, mutual clients can bring Bullish options trades directly into their existing portfolio, risk and operational workflows, alongside the rest of their digital asset activity.”
"Options are where manual booking hurts most, because an option carries terms that nothing downstream can sanity-check. Having a direct integration and fetching trades from venues like Bullish allows us to reconcile manual bookings or automatically update their risk, so our customers can trade off an accurate, current view of their portfolio.”

Year to date, Bullish has recorded $29.4 billion in options volume², with open interest reaching a high of more than US$6 billion. Bullish also recently cleared a bitcoin options trade expiring in January 2028, the longest-dated bitcoin options trade cleared on a digital asset exchange.

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¹ Available via Bullish (GI) Limited

² Bullish September 2026 Monthly Metrics

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