Tyler Moeller and Joshua Walsky founded Broadway Technology, LLC in October 2003 as a spin-off from Kats, LLC, a highly profitable, cutting-edge, proprietary trading group.

Kats, LLC was founded in 2000 by two MIT graduates, Deutsche Bank Vice President John Crouch and Nate Kalich from Long Term Capital. Kats was formed to build an automated high-frequency trading platform and to research and trade highly tested automated models using that platform. In 2001, the Kats trading group deployed its first strategy, and since then has researched and deployed numerous highly profitable trading ideas.

Tyler, an MIT graduate and the former Director of Development/Acting CTO of CarOrder, Inc., joined Kats in May 2001 to add his expertise to the architecture and development of the Kats trading system. By the end of the year, the Kats team was actively trading with its automated system and needed a scalable way of managing its trades and risk in real-time to continue growing its portfolio of strategies.

The Kats team realized that a commercial system did not exist that met its needs as a high-frequency trading group. A new product was needed for a new era of real-time trading.

Tyler brought CarOrder founder/chief-architect and Cornell graduate Joshua onto the Kats team to build a modern real-time trade management system. Tyler and Joshua combined their enterprise software expertise, gathered requirements as both customer and developer, and used a vision for a distributed system architecture they had conceived together over the previous several years to architect their new system. The result was a framework scalable for the future of real-time distributed systems and a trade and risk management system built for the real-time trader and back-office. Within nine months, the system was complete and considered a resounding technological and business success. It was immediately released at Kats and its affiliated registered broker/dealer, Ronin-Capital where it is in active use today.

In 2003, Tyler and Joshua founded a spin off company, Broadway Technology to commercialize the system they had built. Within a month, Broadway closed a licensing and consulting deal with Countrywide, a primary dealer of U.S. Treasuries and the leading U.S. mortgage bank.