Broadway Technology Leases 25,000 Square Feet at 28 Liberty

Savills Studley, the leading commercial real estate firm specializing in tenant representation, announced that it has completed a new lease for Broadway Technology at 28 Liberty Street in Lower Manhattan.

Broadway Technology provides award-winning, high-performance trading solutions and infrastructure to top financial firms around the world. Founded in 2003 by experts in enterprise software and quantitative trading, the company has employees worldwide with offices in New York, Austin, London and Waterloo. Having recently closed a $42 million minority investment led by Long Ridge Equity Partners, Broadway Technology was seeking additional space to accommodate immediate and future growth.

The company will occupy 25,000 square feet on the 50th floor of 28 Liberty in the fall of 2017, relocating from 13,047 square feet at 140 Broadway. 28 Liberty is an iconic, 2.2-million-square-foot landmarked office building located in the center of Lower Manhattan. Fosun, the property owner, has launched a comprehensive repositioning of the property and its historic plaza that includes the creation of 200,000 square feet of retail space. Broadway Technology will enjoy spectacular views, newly renovated amenities including a new Union Square Hospitality Group restaurant and event space on the 60th floor of the building, direct access to six subway lines from the lobby and a new high-end installation that will be built by the landlord.

Savills Studley Senior Managing Director Zev Holzman, Executive Managing Director Paul Revson and Assistant Director Brian Scharfman represented Broadway Technology in the long-term lease transaction. Fosun was represented by Tom Costanzo in house, as well as John Wheeler and Michael Berman of JLL.

“After an exhaustive search throughout Lower Manhattan and Midtown South, relocating to 28 Liberty proved to be the ideal solution for Broadway Technology,” said Holzman. “It gives the company the opportunity to grow in a top-tier downtown asset while remaining in proximity to its client base in the Financial District. Designing its own space allows the company to create a unique brand and aesthetic that it can replicate at its offices around the globe.”

“We are delighted to make 28 Liberty the new home for our New York team as we begin the next phase of Broadway’s growth,” said Broadway Technology Chief Executive Officer Tyler Moeller. “The views from the 50th floor are incredible and 25,000 square feet is ample room to build an enjoyable, productive environment for our team to create the next generation of Broadway products.”

About Broadway Technology, LLC
Broadway Technology is a leading provider of high-performance fintech solutions and infrastructure to top global, regional and national banks; brokers; and the buy-side. Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide with offices in New York, Austin, London, and Waterloo.

To learn more about Broadway, please visit: www.broadwaytechnology.com or contact Broadway at: info@broadwaytechnology.com.

About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive platform includes brokerage, project management, capital markets, consulting and corporate services.  With 30 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.

The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 32,000 professionals and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).

For more information, please visit www.savills-studley.com and follow us on LinkedIn and Twitter @SavillsStudley.

Media Contact:
Molly Ferrer
Savills Studley
mferrer@savills-studley.com
212.326.1024

 

Media Contact:
Melissa McTernan
Broadway Technology
pr@broadwaytechnology.com
+1.646.912.6450

Broadway Technology shortlisted for FX Week’s 2017 e-FX Awards

Broadway Technology, a leading provider of high-performance fintech solutions and infrastructure to top financial firms around the world, is proud to announce we have been shortlisted for FX Week’s 2017 e-FX Awards in the following categories:

  • Best FX connectivity provider of the year
  • Best e-FX software provider
  • Best e-surveillance solution provider

FX Week selected Broadway from more than 120 entries for the 14th annual e-FX Awards. FX Week’s annual e-FX Awards recognize excellence, innovation and superior customer service in foreign exchange.

The complete list of shortlisted companies can be viewed here.

 

 

Media Contact:
Melissa McTernan
Broadway Technology
pr@broadwaytechnology.com
+1.646.912.6450

Broadway Technology Announces $42 Million Growth Capital Investment Led by Long Ridge Equity Partners

Broadway Technology, a leading provider of high-performance software and infrastructure for global financial institutions, announced today that it has closed a $42 million minority investment led by Long Ridge Equity Partners. The financing will accelerate Broadway’s growth into new global markets and will allow the company to further expand its world-class product and service offering.

Founded in 2003, Broadway provides mission-critical trading solutions for top global, regional, and national banks, brokers, and hedge funds. Leveraging its core technology platform, the TOC, Broadway’s solutions handle over $100 trillion of trading volumes annually within the fixed income and foreign exchange markets.

Broadway’s unique combination of next-generation fintech applications and unifying infrastructure enables its clients to adapt to dynamic competitive and regulatory trends. The TOC, Broadway’s data-oriented architecture, enables seamless integration of legacy software systems, unprecedented visibility into and control over enterprise data, and a wide range of large integrated business applications.

“We are excited to partner with Long Ridge as we enter our next phase of growth,” Broadway CEO, Tyler Moeller, said. “We chose Long Ridge as a partner due to their unparalleled expertise in capital markets technology and strong track record of investing in leading financial technology firms. Long Ridge’s capital and strategic support will enable Broadway to accelerate our global expansion and continue our rapid growth, while delivering powerful new functionality and top-tier services to our existing customers.”

“Broadway provides industry-leading FX, fixed income, enterprise, and regulatory technology solutions to the world’s largest financial institutions” said Kevin Bhatt, Long Ridge Partner. “The company is well positioned to take advantage of a rapidly evolving capital markets landscape with its advanced, flexible solutions and world-class development capabilities. We look forward to working closely with the Broadway team as they continue to penetrate new and existing geographies, customers, and asset classes.”

Long Ridge’s prior experience investing in the capital markets technology space includes Portware, Liquidnet, Currenex, and FXCM. In connection with the investment, Jim Brown and Kevin Bhatt of Long Ridge Equity Partners will join the Broadway Board of Directors.

Signal Hill served as financial advisor and Dentons US LLP served as legal counsel to Broadway. Budd Larner served as legal counsel to Long Ridge.

ABOUT LONG RIDGE EQUITY PARTNERS
Founded in 2007, Long Ridge Equity Partners is a private investment firm focused on the financial services industry. Leveraging deep sector knowledge and an extensive network of industry resources, Long Ridge serves as a value-added partner to high-growth financial services businesses. Over the last fifteen years, Long Ridge’s principals have sponsored some of the most successful growth companies in the financial sector, providing strategic resources and capital to drive profitable expansion. Long Ridge has raised over $400 million of committed capital for investment in the financial services sector.

For more information on Long Ridge Equity Partners, please visit www.longridgecap.com.

ABOUT BROADWAY TECHNOLOGY, LLC
Broadway Technology is a leading provider of high-performance fintech solutions and infrastructure to top global, regional and national banks; brokers; and the buy-side. Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide with offices in New York, Austin, London, and Waterloo.

To learn more about Broadway, please visit: www.broadwaytechnology.com or contact Broadway at: info@broadwaytechnology.com

 

Media Contact:
Melissa McTernan
Broadway Technology
pr@broadwaytechnology.com
+1.646.912.6450

Broadway Wins Sell-Side Technology Award for Best Smart Order Routing Product/Tool for the Second Year in a Row

Broadway Technology, a leader in high-performance fintech solutions, is pleased to announce that the Broadway Order Router & Algo Engine has again won “Best Smart Order Routing Product/Tool” at this year’s Sell-Side Technology Awards held at the New York Marriott Marquis on April 5. This is Broadway’s second consecutive win, following its initial win in 2016.

The annual Sell-Side Technology Awards are hosted by Waters magazine, WatersTechnology, and Sell-Side Technology to honor the leading technologies and vendors serving sell-side trading professionals. The award for “Best Smart Order Routing Product/Tool” highlights the top performer in its category across multiple dimensions: achieving best execution, accessing fragmented liquidity, and executing orders across multiple asset classes using smart algorithms that can learn from past experience while minimizing information leakage. Winner selection relied on an auditable, transparent methodology underpinned by the input and experience of eight judges, including four sell-side CIOs/consultants and four of Waters magazine's senior staff members.

“Broadway’s technology has advanced significantly on multiple fronts, even since winning last year,” said Victor Anderson, Editor-in-Chief of Waters magazine and WatersTechnology. “The urgency of best-execution mandates has become more intense and Broadway’s ongoing enhancements to its smart order router reflect that. The tool’s core advantage remains its synthesis of richness and flexibility: It’s a turnkey solution, which also provides expansive control, allowing users to customize it and add proprietary value, while staying ahead of changing business and regulatory requirements.”

"We are honored to be recognized by Waters as a consistent provider of market-leading technology year over year,” said Broadway Chief Executive Officer Tyler Moeller. “Customers rely on our Order Router and advanced execution algorithms—often in concert with our Broadway Dealer visual interface and a mix of our other Pricing, Ecommerce, Order Management, Analytics, Algo Trading, and Compliance products—to execute over $125 trillion in trades annually across a wide range of asset classes. Our team has built a peerless record of delivering advanced global solutions to top institutions for well over a dozen years, so we’re delighted to have our technology singled out as the best in its class, directly responsible for boosting execution quality in today’s highly complex and competitive markets.”

"This award is a tribute to our team’s tireless efforts to innovate,” said Broadway Chief Technology Officer Joshua Walsky. “The market pressures and regulatory demands facing sell-side firms are evolving fast. Our front-to-back cross-asset solutions not only meet customers’ increasingly sophisticated immediate needs, they also enable our customers to add proprietary capabilities on their own, scale as needed, and adapt to evolving pressures and demands over time. No matter how their needs change, our technology is ready.”

About Broadway Technology

Broadway Technology is a leading provider of high-performance fintech solutions and infrastructure to top global, regional and national banks; brokers; and the buy-side. Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide with offices in New York, Austin, London, and Waterloo. To learn more about Broadway, visit us at: www.broadwaytechnology.com or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.

Media Contact:
Melissa McTernan
Broadway Technology
pr@broadwaytechnology.com
+1.646.912.6450

Broadway CEO Tyler Moeller and CTO Joshua Walsky Named Among 2017 “World’s Most Powerful Trading Executives” by Institutional Investor

Broadway Technology, a leader in high-performance trading solutions, is pleased to announce that Institutional Investor has named Broadway cofounders and executives Tyler Moeller and Joshua Walsky to the 2017 Trading Tech 40, an annual list of the industry’s most influential innovators and leaders. It is the sixth consecutive year that Broadway appears on this highly regarded list, beginning with the list’s inception in 2012.

Institutional Investor characterizes this year’s Trading 40 as “the world’s most powerful trading executives” and “the top trading technologists on the planet” and commends them for “pioneering solutions to countless problems presented by the size and complexity of markets.” As in prior years, Institutional Investor selected the list with input from industry experts, taking into account multiple leadership criteria including recent accomplishments, contributions to the industry at large, and pure technological innovation.

"It’s an honor to be named to this prestigious list of the industry’s top innovators and leaders,” said Moeller. “Broadway is at the leading edge of the industry’s rapid transformation. We’re delivering the most advanced front-to-back cross-asset trading solutions available, and we’ve set the standard for interoperability and flexibility with the TOC. We’re delighted to see Institutional Investor recognize these achievements.”

"We’re honored to be among this venerable group; it’s a direct testament to the contributions of the whole Broadway team,” affirmed Walsky. “As Institutional Investor rightly points out, top trading operations are increasingly sophisticated and complex, and intelligence has emerged as a common theme in trading automation. Our technology meets these needs out of the box, while also providing expansive control so users can customize, add proprietary value, and keep apace with changing requirements. As firms seek to add intelligence, increase transparency, reduce costs, and comply with major impending regulations like MiFID II, the TOC is superbly positioned to become the global platform for the industry.”

Click here for the full story.

About Broadway Technology

Broadway Technology is a leading provider of high-performance fintech solutions and infrastructure to top global, regional and national banks; brokers; and the buy-side. Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide with offices in New York, Austin, London, and Waterloo. To learn more about Broadway, visit us at: www.broadwaytechnology.com or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.

Media Contact:
Melissa McTernan
Broadway Technology
pr@broadwaytechnology.com
+1.646.912.6450

Broadway Technology Makes Deloitte’s 2016 Technology Fast 500™ in North America

Broadway Technology today announced it ranked 410 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Broadway Technology grew 159% during this period.

"We are proud to be named to Deloitte’s Technology Fast 500™,” said Tyler Moeller, CEO of Broadway Technology. “This acknowledgement by Deloitte is an affirmation that Broadway’s long term commitment to customer success, hiring exceptional people, and building great software is paying off.”

“Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. “This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls.”

This year’s Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors.”

About Deloitte’s 2016 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

About Broadway Technology
Broadway Technology is a leading provider of high-performance fintech solutions and technology infrastructure to top-tier global, regional, and national banks and brokers, and the buy-side. Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide with offices in New York, Austin, and London. To learn more about Broadway, visit us at: www.broadwaytechnology.com, or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.

Media Contact:
Melissa McTernan
Broadway Technology
pr@broadwaytechnology.com
+1.646.912.6450

Broadway Technology is recognized as a winner of SmartCEO Magazine’s Corporate Culture Awards

Broadway Technology is pleased to announce that its unique and progressive corporate culture was recognized as a winner of SmartCEO Magazine’s Corporate Culture Award Program. The Corporate Culture Awards celebrate 50 companies in Greater New York that have successfully championed a positive, productive and performance-driven culture, and have worked with their employees to develop successful cultural practices. Winners will be profiled in the November/December issue of SmartCEO magazine and celebrated at an awards ceremony on Wednesday, Nov. 30, 2016 at 404 NYC.

“The 2016 Corporate Culture Award winners have realized that running a company is more than head count and the bottom line. It’s about creating a place where creativity, energy and ideas are cultivated. Through this they are able to not only enhance performance and sustain their companies’ competitive advantages but also enrich the lives of those they employ and inspire them to make a greater impact on the world,” says Jaime Nespor-Zawmon, President of SmartCEO. “We’re honored to celebrate with the leaders of New York’s top company cultures and recognize them for building true performance-driven cultures.”

“Broadway Technology is honored to receive this award for our unique corporate culture and philosophy which empowers employees to have a significant positive impact.  Our people are not only the best in their fields, but they will go out of their way to help someone else learn and succeed.  This spirit of enabling shared success runs throughout the organization and is based on a belief that we are a stronger organization when we all work together,” said Broadway Technology Head of Talent and Culture, Mary Loeffler.

About the Corporate Culture Awards
The Corporate Culture Awards program honors companies that foster a creative, collaborative workplace culture to enhance performance and sustain a competitive advantage. Smart leaders understand that culture is a company’s greatest asset, driving performance and growth. What’s more, a successful culture is actively and intentionally cultivated and developed. Corporate Culture Awards winners will have championed for a positive, productive culture in their organization, and will have worked with employees to develop successful cultural practices. The final roster of winners will be chosen by an independent committee of local business leaders, profiled in SmartCEO magazine, and celebrated at a high-energy awards event.

About SmartCEO
SmartCEO’s mission is to educate and inspire the business community through its award-winning magazine, connections at C-level events and access to valuable online resources. SmartCEO’s integrated media platforms reach decision makers in the Baltimore, Boston, Charlotte, Long Island, New Jersey, New York, Philadelphia and Washington, DC, metropolitan areas.

About Broadway Technology
Broadway Technology is a leader in high-performance financial solutions for top-tier global, regional, and national banks and brokers, and the buy-side. Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide with offices in New York, Austin, and London. To learn more about Broadway, visit us at: www.broadwaytechnology.com, or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.

Media Contact:
Melissa McTernan
Broadway Technology
pr@broadwaytechnology.com
+1.646.912.6450

Daniel Flax joins Broadway Technology as VP, Global Professional Services

Broadway Technology, a leader in high-performance trading and technology solutions for top-tier global banks and institutions, is pleased to announce that Daniel Flax has joined as VP, Global Professional Services. Formerly, Mr. Flax was Chief Technology Officer for Cowen and Company and a Managing Director at NYSE. Daniel is a member of the board of trustees of the New York Council of Non-Profits: Governance Matters. Mr. Flax holds a Bachelors of Science in Electrical Engineering from Columbia University and was an Undergraduate Research Fellow in High Energy Astrophysics at CalTech in a joint program with the Jet Propulsion Laboratory and NASA.

“Daniel brings a wealth of leadership experience in fintech and we are excited to have him running our professional services organization,” said Broadway Technology CEO, Tyler Moeller.

"I'm thrilled to be joining the incredibly talented team at Broadway. I experienced first-hand the transition of listed equities to low-latency electronic trading at NYSE. The Toc and Broadway's strategic vision are in an unparalleled position to move the industry forward," said Flax.

About Broadway Technology
Broadway Technology is a leader in high-performance financial trading solutions for top-tier global banks and hedge funds. Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide with offices in New York, Austin, and London. To learn more about Broadway, visit us at: www.broadwaytechnology.com, or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.

Media Contact:
Melissa McTernan
Broadway Technology
pr@broadwaytechnology.com
+1.646.912.6450

XTX Markets have joined Broadway Technology as a Liquidity Provider in Foreign Exchange

“As the liquidity landscape evolves in FX it is important to be able to provide our clients with increased connectivity options to support their business”, notes Jonathan Fieldman Broadway’s COO. “We are pleased to add XTX to our global liquidity network”.

XTX jumped into the top 3 spot FX electronic market makers in this year’s Euromoney survey and top 10 in overall market share.

“Broadway Technology is an established vendor of choice for many top tier counterparties and will be an important distribution channel for our liquidity as we continue to grow our business,” added Jeremy Smart, Global Head of Sales at XTX Markets.

About XTX
XTX Markets is a leading quantitative-driven electronic market-maker partnering with counterparties, exchanges and e-trading venues globally to provide liquidity in the Equity, FX, Fixed Income and Commodity markets. Providing consistent liquidity and helping market participants throughout the world obtain the best prices in the various assets classes covered - regardless of changing market conditions. For more information please go to: www.xtxmarkets.com

About Broadway
Broadway Technology is a leading provider of high-performance fintech solutions and technology infrastructure to top global banks and hedge funds. Founded in 2003, Broadway has employees worldwide with offices in New York, London, Austin, and Waterloo. To learn more about Broadway, visit us at: www.broadwaytechnology.com, or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.

Media Contact:
Melissa McTernan
Broadway Technology
pr@broadwaytechnology.com
+1.646.912.6450

Broadway Technology highly commended for “Best e-FX Software Provider” by FX Week in 2016 e-FX Awards

Broadway Technology, a leader in globally integrated high-performance fintech solutions, is proud to announce it’s been highly commended for “Best e-FX Software Provider” by FX Week in their annual e-FX Awards announced July 12th in New York.

“Broadway Technology has been providing our clients industry-leading fintech solutions for Foreign Exchange since 2007. This is the first time we have submitted an entry for FX Week’s e-FX Awards,” notes Tyler Moeller, CEO and co-founder of Broadway Technology. “We are pleased to have been highly commended in the Best e-FX software provider category. Building fintech software that underpins each client’s business and helps them succeed has always been at our core and we appreciate the recognition from FX Week, an important voice in the industry,” he adds.

“Having an underlying architecture that allows you to build, integrate, manage, and scale resilient global systems is crucial in today’s environment, where the only certainty is change. The priority for our clients is technology with an immediate impact that can also grow and adapt—simply, efficiently, and effectively. Broadway’s comprehensive solutions meet our customers’ needs out of the box, but importantly, the core architecture of our underlying platform, the TOC™, ensures future-proof solutions that will enable our customers to deal easily and cost-effectively with inevitable changes ahead in this rapidly evolving market,” adds Joshua Walsky, Broadway’s CTO and co-founder.

FX Week’s e-FX Awards saw a record number of submissions this year with over 160 entries. “The FX Week e-FX Awards recognises excellence and innovation in the world’s largest market. In its 13th year, the Awards continue to be the benchmark for quality of service, outstanding achievement and leading providers. Companies shortlisted for the awards bear the hallmark of industry leaders, while winners and specially commended entries are undoubtedly the leaders of the electronic foreign exchange trading space,” noted Eva Szalay, Editor of FX Week.

Click here for the full story.

About FX Week

FX Week and fxweek.com are the leading sources of information for foreign exchange and money-market professionals working in banks, brokerages, hedge funds, central banks, corporate treasuries and technology firms. The website contains more than 18,800 articles including daily exclusive news that covers technology, trading, currencies, regulation, risk management and more. FX week is part of the Incisive Media organisation. Incisive Media is a leader in the digital business information market. Quality journalism is at the heart of our business and we have an unquestioned reputation for delivering high-quality information to our communities when they want it and how they want it. Our aim is to provide the information and services that our customers need to help make them even more effective in their jobs.

About Broadway Technology

Broadway Technology is a leading provider of high-performance fintech solutions and technology infrastructure to top global banks and hedge funds. Founded in 2003, Broadway has employees worldwide with offices in New York, London, Austin, and Waterloo. To learn more about Broadway, visit us at: www.broadwaytechnology.com, or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.

Media Contact:
Melissa McTernan
Broadway Technology
pr@broadwaytechnology.com
+1.646.912.6450