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Intro


Fintech

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Intro


Fintech

Immediate impact. unlimited potential.

All the capabilities necessary for multi-asset global front-office operations of any scale and complexity.
Total flexibility to customize, integrate seamlessly with other software, and evolve over time.

Broadway provides the only integrated FICC front-office solution and the only hosted full-stack FICC solution in the market.
Broadway is used by over half of the top 50 global banks, with the modularity and flexibility to buy and build
exactly as your business requires.


 

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fintech solutions

Complete fintech solutions out of the box, with the
modularity and flexibility to customize and grow as your business evolves.

professional services

Our proven trading technology experts work with you to deliver innovative end-to-end custom solutions on time and on budget.

greyspan managed services AND HOSTING

Co-located or cloud hosting, managed services and access to a global liquidity network, fully managed by our experienced team and designed for optimal performance.

Customer Support

We provide the best support in the industry, responding quickly and thoroughly to evaluate and resolve concerns so customers can focus on trading.

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Fintech Solutions


Fintech Solutions

Fintech Solutions


Fintech Solutions

 

Select from our portfolio of modular fintech solutions, each of which is cross-asset while catering to the unique and nuanced aspects of each asset class they support. Achieve a complete future-proof solution to suit your specific and evolving requirements. Easily scale and accommodate regulatory changes. All priced to meet your budget.

Buy a comprehensive end-to-end solution out of the box or choose just the modules that fit your requirements. Easily integrate in-house and third-party software to add your own unique value to any Broadway solution efficiently and effectively.

 
 
 

Product Coverage

Our complete front-office solutions cover:

  • Global government bonds

  • Sovereigns, supranationals, and agencies (SSA)

  • Global interest rate swaps (IRS) including custom swaps, package trades, and process trades (PIT, PAT)

  • Global corporate credit

  • Repurchase agreements (repo)

  • Foreign exchange (FX) including spot, forwards, single spot portfolios (SSP), swaps, non-deliverable forwards (NDF), fixings, and precious metals

  • Futures on interest rates, foreign exchange, and commodities

  • Options on interest rate futures

  • Money markets including deposits and commercial paper

  • Cryptocurrencies and digital assets

 

Trading

Aggregate liquidity and optimize execution across any supported assets/products.

KEY FEATURES & BENEFITS

  • Low-latency adaptors to all your trading venues

  • Real-time liquidity and price aggregation to liquidity providers and ECNs across all assets, including order books, banded price streams, auction and linker platforms, high-performance market data feeds, and on-demand RFS markets

  • Award-winning dynamic smart order router with configurable market-watching rules, rebalancing, prioritization, liquidity grouping, sophisticated full amount logic, dynamic replacement, and more

  • Composable advanced execution algorithms

  • Industry-leading trading strategies—multi-legged spreader for trading price and yield spreads (including futures and bonds and as complex as 18-leg TED spreads), sophisticated synthetic FX crosser (and conversion of FX forwards to spot or futures), and rich duration/basket trader

  • Venue-specific market making/quoting support to allow firms to meet debt management office (DMO) market making obligations

  • Internal matching engine

  • Flexible platform for deploying custom algorithms and strategies

  • Customizable, high-speed, pre-trade intervention based on risk, speed bumps, limits, and credit

  • Intuitive trading GUI with flexibility to adapt and expand with code-less custom order entry controls, columns, and panels

  • RepoTrader GUI with unique functionality for repo trading including bulk order management, dynamic market views, bilateral counterparty confirmation, and more

  • Real-time reporting and analyses including liquidity provider and execution quality

  • Scales horizontally to accommodate unlimited users and trading volume

  • Full audit trail with all data captured providing complete transparency

  • The TOC allows easy expansion, complete API access to all data and capabilities

 

Ecommerce 

The industry’s leading Ecommerce workflow engine, including granular quoting, margin management, and quote/customer coverage capabilities using configurable rules based on any data in real time. Broadway’s Ecommerce stack includes the industry’s first IRS package workflow engine in use by top global banks.

KEY FEATURES & BENEFITS

  • Low-latency gateways to all your D2C venues

  • Integrated FIX gateway for direct client access

  • Rich quoting rules and workflow engine support fully automated workflows with easy multi-stage human intervention

  • Unlimited pricing streams and customer tiers

  • Supports full range of intrafirm response workflows including automated, manual, and automated/manual hybrid involving both trading and sales workflow stages (e.g. with the ability to handle heavily negotiated package or trade at close workflows requiring staged interrogation of internal pricing models and human intervention)

  • Supports full range of interfirm trading methods, including request for quote (RFQ), request for stream (RFS), executable streaming prices (ESP), last look, portfolio execution, fixing, request for market, trade at close, PIT/PAT, Hikene

  • Dynamically adjust pricing and spreads manually or via automated models

  • Real-time dynamic rules leverage characteristics of request, customer, signal and market, inventory, time of day, region, activity, protection (e.g. hit rate and liquidity debiting protection), credit, and any other variables when making decisions and directing workflow execution

  • Rules-driven internalization into multiple books

  • Rules-driven automated hedging for principal and agency trading, including aggregated hedging metrics (e.g. PV01 risk levels), multi-asset hedge execution (e.g. execute on futures when PV01 bond risk hits trigger levels), and hybrid execution (e.g. FX forward hedged as swap executed with RFS agency aggregation while spot is internalized with currency amount exhaust triggers to the market)

  • Intuitive Ecommerce GUI for manual intervention

  • Full integration into Sales Trader Workflow

  • Real-time reporting and analysis

  • Full audit trail with all data captured providing complete transparency

  • The TOC allows easy expansion, complete API access to all data and capabilities

 

Pricing & distribution

Handle all aspects of core price generation.

KEY FEATURES & BENEFITS

  • Low-latency access to market data sources and to your essential distribution channels

  • Matrix pricing engine for multiple benchmark, yield change on day, FX full pricing (including crosses), minimum spread, maximum spread, composite feed, and other pricing methodologies

  • Rich integration into proprietary and third-party quantitative curve or other models

  • Dynamic real-time price adjustment manually from Broadway trading screens or automatically using models

  • Rules-driven price configuration based on any data

  • Automated real-time market protection

  • Distribute pricing on a permissioned basis

  • Intuitive Pricing GUI for monitoring and controlling prices, and managing rules

  • Real-time reporting and analysis

  • Scales horizontally to accommodate unlimited users and price throughput

  • Full audit trail with all data captured providing complete transparency

  • The TOC allows easy expansion, complete API access to all data and capabilities

 
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Barracuda FX Order Management System (OMS)

Fully integrated market leading, award winning, FX OMS which provides a consolidated view of the global order book across voice and electronic channels offering configurable, elegant interface and workflow controls, within a modern, secure, transparent and audited container.

key features & benefits

  • Comprehensive management of all orders: Spot, Forward and NDFs, Limits, Benchmark and Algo orders

  • Multi-channel integration - voice, electronic, single & multi-trader platforms

  • Simple, complex or multi leg order types displayed graphically with visual & audio alerts/notifications

  • Visibility and privacy controls allow information barriers to be formed between desks to prevent conflicts of interest and to ensure client privacy mandates are enforced

  • Real-time configurable rulesets orchestrate monitoring responsibility between principal and electronic trading desks as the book follows the sun and as liquidity windows shift

  • Real-time pop-up and audio alerts when orders transition through workflows

  • Out of the box APIs to internal systems

  • Configurable real-time credit, mark-up, ownership and execution routing options

  • Flexible auto-fill modes to suit varying bank requirements, including auto-fill orders automatically, issue execution requests on trigger or integrate to smart order routers to place passive orders

  • Intuitive interface and configuration capabilities

  • Real time reporting and analysis

  • Full audit trail with trade surveillance API

  • Unique Order Hub access which enables banks without 24-hour coverage or specialization in all crosses to electronically outsource selected orders to third parties with zero touch and full audit trail

 
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Sales

Provide sales teams with full capabilities to manage voice and electronic inquiries and orders, fully integrated with trading.

KEY FEATURES & BENEFITS

  • Efficient inquiry (RFQ/RFS) handling and submission tools facilitating smooth interaction with trading desks and customers

  • Independent sales and trader quote intervention/handling capabilities

  • Consistent inquiry management across voice and electronic customer requests

  • Customizable Sales Trader Workflow logic and screens

  • Barracuda FX OMS

  • Centralized, audited and flexible rules-based sales commission calculation

  • Direct “On Behalf Of” RFQ and RFS execution

  • Real-time reporting and analysis

  • Full audit trail with all data captured providing complete transparency

  • The TOC allows easy expansion, complete API access to all data and capabilities

 

Risk & Credit

Gain comprehensive control over all aspects of exposure, credit, and limits.

KEY FEATURES & BENEFITS

  • Universal real-time risk and counterparty credit management from a single screen

  • Real-time monitoring and control of exposure, credit, and limits

  • View trade, position and P&L data on demand, in real time at any granularity

  • Extensible risk checks and intervention (pre-trade, post-trade, portfolio, regulatory, fat-finger/price collar)

  • Aggregatable risk calculations (e.g. PV01, currency, NOP, margin, etc.)

  • Provides fine-grained command over pre- and post-trade interventions

  • Configurable limits and margins enable any mix of requirements and different rules

  • Limit and margin aggregation with optional off-setting

  • Configurable real-time trade/position/P&L blotter

  • Real-time reporting and analysis

  • Full audit trail with all data captured providing complete transparency

  • The TOC allows easy expansion, complete API access to all data and capabilities

 

Trade Management

Manage all aspects of straight-through processing regardless of the booking complexity and regulatory requirements.

KEY FEATURES & BENEFITS

  • Real-time global oversight of trades, instruments, accounts, counterparties

  • Configurable STP enables any mix of requirements and different rules

  • Seamless real-time connectivity to external venues for trade processing

  • Rules-driven trade netting and allocation

  • Rules-driven trade splitting (e.g. forward into swap and spot, FX into common base currency)

  • Trade and risk transfer across legal entities and national boundaries

  • Streamlined manual trade entry

  • Intuitive GUI enable easy human oversight and intervention

  • Real-time reporting and analysis

  • Scales horizontally to accommodate unlimited users and STP throughput

  • Full audit trail with all data captured providing complete transparency

  • The TOC allows easy expansion, complete API access to all data and capabilities

 

White Label

A fully customized single-dealer trading platform for your own customers—rebranded and ready to distribute.

KEY FEATURES & BENEFITS

  • “Skinnable” trading GUI with configurable capabilities and content

  • Direct FIX connectivity to your clients

  • Single dealer platform (principal execution)

  • Agency execution

  • Branded trading and algos for clients

  • Ecommerce and sales integration

  • Real-time reporting and analysis

  • Scales horizontally to accommodate unlimited users and trading volume

  • Full audit trail with all data captured providing complete transparency

  • The TOC allows easy expansion, complete API access to all data and capabilities

 

Enterprise DATA Repository & Compliance

Comprehensive persistence, normalization, integration, visibility, traceability, and control across enterprise-wide activities in real time. Globally shared master data integrated from any number of in-house and third-party systems provided in an open, transformable manner.

Key features & benefits

  • Includes global trade, order & quote repository, counterparty database and security master for all assets

  • Enterprise-wide real-time surveillance, analytics, reporting & alerting; all configurable and rules-based

  • Cross-asset regulatory and compliance functionality

  • View data and activity on demand in real time at any granularity

  • Dynamic views of all trading activity

  • Global traceability—timestamped audit trail of all activity and data

  • The TOC allows easy expansion, complete API access to all data and capabilities

 
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Research & Analytics

Extensive tools for trading- and dealing-related quantitative research and performance analysis.

Key Features & Benefits

  • Drill-down real-time analytics

  • Liquidity provider performance analysis

  • Customer performance analysis

  • Execution analysis

  • Algo and market analysis (including 3rd-party)

  • Expectation analysis

  • Tick capture and historical replay

  • Cassandra and kdb integration for Big Data

  • The TOC allows easy expansion, complete API access to all data and capabilities

 

Surveillance & Reporting

Real-time visibility and oversight across enterprise-wide activities for industry-specific compliance and regulatory purposes.

Key Features & Benefits

  • Enterprise-wide real-time surveillance, analytics, reporting & alerting; all configurable and rules-based

  • Support for MiFID II-compliant technical testing

  • Time-series and statistics-based surveillance

  • Integrated halts and tripwires

  • Drill-down real-time analytics

  • Active trade alerting

  • Global traceability—timestamped audit trail of all activity and data

    View data and activity on demand in real time at any granularity

  • The TOC allows easy expansion, complete API access to all data & capabilities

 

Greyspan HOSTING AND managed services

For optimal performance and ease of use, Broadway’s Greyspan division offers full-service co-location and cloud hosting, management, active software administration and system oversight, and direct access to our exclusive global liquidity network.

Key Features & Benefits

  • Fully-managed, turnkey infrastructure that reduces overall cost and time-to-market

  • Complete monitoring, maintenance, updating, and management of entire system, performed by Broadway

  • Frictionless optimization of server infrastructure as systems and client needs evolve

  • Co-location in key datacenters across North America, Europe, and Asia offering best-in-class direct, low-latency, redundant connectivity to markets and between sites

  • Cloud hosting and management including hybrid colo/cloud deployments powered by The TOC

  • Data and application sharing

  • SOC 2 Type II Certified

  • Access to Broadway’s Global Liquidity Network, including venues across Fixed Income, Futures, Foreign Exchange, and Cryptocurrencies

 

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Custom fintech Solutions

We offer a range of Professional Services to help customers tailor our products to meet their needs. We can design and implement custom fintech solutions, collaborate with IT groups, or train IT groups so all development remains in house.