Viewing entries tagged
2013

Broadway Technology Celebrates 10th Year Anniversary as a Global Leader in High-Performance Trading Solutions to Premier Financial Institutions

Broadway Technology, LLC, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that October 2013 marks the company's 10th year anniversary of its founding.
 

Ten years ago, Broadway co-founders Tyler Moeller and Joshua Walsky, pioneers in fixed-income algorithmic trading and experts in large scale distributed computing, set out in a makeshift hallway office to build the next great software company, a company focused on hiring the absolute best, solving the hardest problems, and delivering 100% customer success.
 

Today, Broadway’s innovative solutions power the world’s premier financial institutions, managing hundreds of billions of dollars of transactions a day. Broadway’s groundbreaking enterprise platform, the TOC™, underpins all Broadway's solutions. The TOC enables Broadway customers to deploy larger, more tightly integrated and adaptable systems than ever before possible, while at the same time lowering costs through dramatic gains in productivity. Broadway’s industry leading trading applications, built on the TOC, let Broadway customers deploy global cross-asset systems spanning all of the functionality required for trading, including liquidity aggregation, Ecommerce, risk management, hosting, connectivity, and White Label custom functionality.
 

Chief Executive Officer Moeller said, “Broadway Technology's 10th anniversary is a tremendous milestone for the company. Over the past ten years, we’ve introduced incredible innovation into the industry. We’ve always looked for better ways to build things, whether it’s by inventing a new way to look at data and events with the TOC, imbuing our deep understanding of trading into high-speed spreading algorithms, or through our unique Broadway Dojo training program for new hires. We’ve pioneered a truly ‘build and buy’ partnership with our customers that empowers their in-house teams to express their own unique ideas using our technology and achieve an unprecedented level of technical sophistication. We set the bar only by what we believe defines greatness. I am immensely proud to be leading a team of people who strive for perfection every day and relentlessly work to build the best software in the world and deliver incredible service to our customers.”
 

Chief Technology Officer Walsky said, "Ten years ago, we launched Broadway with the mindset that we could create a successful company and attract the most talented people in the industry by building superior technology, nurturing a corporate environment of collaboration and innovation, and committing to our customers a standard of excellence. Broadway has demonstrated this over 10 years and we look forward to continuing that culture of innovation and our relentless pursuit of perfection."
 

Moeller added, “To Broadway's employees and customers, current and future, it has been a wonderful decade of achievements. I thank you for your dedication and loyalty to Broadway and our unique corporate culture, and to our commitment of achieving excellence. We’ve done amazing things together, but the best is still yet to come."
 

About Broadway Technology

Broadway Technology is a leader in high-performance financial trading solutions for top-tier global banks and hedge funds. Broadway's software manages hundreds of billions of dollars in transactions daily worldwide for premier financial institutions. Founded in 2003 by experts in computer science, high frequency algorithmic trading and enterprise software, the company has employees in seven countries with headquarters located in New York and Austin To learn more about Broadway, visit us at: www.broadwaytechnology.com, or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.

Broadway Technology CEO Tyler Moeller Named to Institutional Investor’s 2013 List of the Top 50 Technology Innovators in Financial Services

Broadway Technology, LLC, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that Tyler Moeller, Chief Executive Officer, was named in Institutional Investor's 2013 Tech 50: "Masters of a Volatile Universe," recognizing the top 50 technology innovators in financial services. This is the second straight year that Moeller, 37, has been named to II's distinguished list of technology leaders.
 

"This is a great tribute to Broadway and I am honored to be named to this prestigious list of innovators. At Broadway, we take pride in developing ground-breaking software and having the most talented, conscientious group of minds in the industry. With that team, we’re able to truly solve complex and challenging technology problems for top-tier global banks and hedge funds. We are the next big technology company, and are on our way to becoming the industry standard trading platform," Moeller said.
 

Moeller, who co-founded Broadway Technology in 2003 with Chief Technology Officer Joshua Walsky, said Broadway's core technology, the TOC™ platform, a low-latency event driven distributed data-oriented architecture that underpins all of Broadway's trading solutions, has transformed the trading technology landscape.
 

Broadway's adaptors provide normalized market data, order handling, and post-trade feeds while still preserving the unique features of the underlying markets. Broadway's industry leading solutions can be easily installed in a few weeks and provide the complete set of capabilities required for trading and e-commerce, including smart order routing among click to trade, central limit order book and RFQ destinations, STP, market data aggregation, spread trading, pre-trade risk limits, pricing and price distribution, and auto/manual rules-driven quoting. All of Broadway’s trading capabilities are accessible via a single multi-asset class, multi-market trading GUI and programmatically via Broadway’s innovative middleware, the TOC™.
 

For more information on Moeller and the complete list of innovators on Institutional Investor's 2013 Tech 50, follow this link.
 

About Broadway Technology

Broadway Technology is a leader in high-performance financial trading solutions for top-tier global banks and hedge funds. Broadway's software manages hundreds of billions of dollars in transactions daily worldwide for premier financial institutions. Founded in 2003 by experts in computer science, high frequency algorithmic trading and enterprise software, the company has employees in seven countries with headquarters located in New York and Austin. To learn more about Broadway, visit us at www.broadwaytechnology.com, or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.

Broadway Technology Partners with Westpac, Australia’s Leading Domestic Bank for Global FX

Broadway Technology, LLC, a leader in high-performance trading solutions for top-tier banks and hedge funds, today announced a partnership with Australia’s leading domestic bank for global FX, Westpac Institutional Bank (Westpac), to implement a high-performance trading platform across the bank’s global franchise.
 

The US-based technology firm said the Westpac deal will open doors in a region that presents significant growth opportunities.
 

Global flows are set to increase up to five times over the next three years in AUD, NZD, G3 as well as key Asian currencies. Broadway's Chief Executive Officer Tyler Moeller, said, “In such a high volume market, which turns over an excess of US$4 trillion in FX per day, access to high performance technology gives our customers a critical advantage; automation and the use of advanced technology has never before been so critical to reduce complexity and operational risk while dramatically increasing operational efficiency.”
 

Mr. Moeller added, “As the international pace of currency trading advances, we are leading an industry change in FX technology with a flexible, customizable solution that can be implemented at a fraction of what it costs major banks to build in-house trading systems. We're pleased to be partnering with Westpac, an established leader in FX, to expand on their global trading platform."
 

Broadway’s FX innovation has spurred new competition within the sell-side in the US and Europe. The technology firm works with some of the largest global banks and hedge funds including Goldman Sachs, which it counts among its strategic investors.
 

The trading platform gives Westpac’s global FX teams access to deeper liquidity and tighter prices, delivering more efficient execution of trades for customers.
 

Westpac Managing Director and Global Head of FX Hugh Killen said the deal is part of Westpac's broader technology strategy that strengthens Westpac’s position as the number one Australian bank for FX globally.
 

“As the clear leader in Australian dollar and New Zealand dollar FX products, Broadway's superior technology helps us provide deeper support for both international and domestic customers as their trading volumes in these currencies increases,” Mr. Killen said.
 

“Westpac’s technology strategy is based on bringing together best practice in-house design with market leading innovation.”
 

About Broadway Technology

Broadway Technology was founded in 2003 and is a leader in high-performance financial trading solutions for top-tier global banks and hedge funds. Broadway's software manages hundreds of billions of dollars in transactions daily worldwide for premier financial institutions. The company has employees spread across seven countries with headquarters located in New York and Austin. To learn more about Broadway, visit us at: www.broadwaytechnology.com, or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.
 

Foreign Exchange at Westpac Institutional Bank

Globally, Westpac Institutional Bank (Westpac) has a large Foreign Exchange team coordinated across Sydney, Auckland, London, New York, Singapore, Hong Kong, Beijing, Shanghai and Mumbai.

For the last seven years Euromoney’s FX survey has ranked Westpac No. 1 Australian bank for FX globally .

Other significant world rankings include Bloomberg’s 2013 most-accurate foreign-exchange forecaster, placing Westpac ahead of 32 firms, including many of the largest U.S. and international banks .

In the Australia Peter Lee FX Survey Westpac has placed No. 1 Australian bank for FX Relationship Strength Index (RSI) and the Sales Strength Index (SSI) for 10 years running (2003-2012) for both the total FX market and with corporate clients .

In April 2013, Westpac was one of only two Australian banks to be awarded a FX ‘market maker’ license in China to enable direct trading of AUD/CNY through the China Foreign Exchange Trading System.
 

About Westpac

Westpac Banking Corporation (Westpac) was founded in 1817 and was the first bank established in Australia. Today, the Westpac Group has branches and controlled entities throughout Australia, New Zealand and the near Pacific region and maintains offices in key financial centres around the world including London, New York, Hong Kong, Beijing, Shanghai, Singapore and India. Westpac Group employs approximately 36,000 people and has three key customer facing divisions through which it serves around 12 million customers.
 

About Westpac International Bank

Westpac Institutional Bank (WIB) delivers a broad range of financial services to commercial, corporate, institutional and government customers with connections to Australia and New Zealand.

WIB operates through dedicated industry relationship and specialist product teams with expert knowledge in transactional banking, financial and debt capital markets, specialised capital, and alternative investment solutions.

Westpac Institutional Bank is a division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714

Broadway Named Best Places to Work for Second Year by Austin Business Journal

Broadway Technology, LLC, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that it has been named one of the "Best Places to Work" in Central Texas according to the Austin Business Journal for a second consecutive year.
 

Tyler Moeller, Chief Executive of Broadway Technology, said, “Broadway is honored to be named a best place to work by the Austin Business Journal. Receiving this recognition for a second consecutive year is a tribute to our exceptional team and our unique culture. We strive to create an environment focused on innovation, teamwork, and transparency and we look forward to building upon this foundation as we continue to expand. It is a privilege to be named among the top companies to work for and to be acknowledged for the effort we put into developing our culture.”
 

David Meeker, Principal and Director of Broadway’s Austin Headquarters, said, “Austin's thriving technology community and its top-tier talent have been contributing factors in Broadway’s accelerated growth and continued innovation. It is a remarkable honor to be recognized by the Austin Business Journal and to be a member of the community.”
 

In 2012, Broadway celebrated its ninth-year anniversary and increased team personnel by 31%, including expansion in its Austin operation. Broadway also marked 2012 with significant milestones and awards, including winning Red Herring's Top Global 100 Private Companies as well as Broadway CEO Tyler Moeller being named to Institutional Investor's Top 50 Technology Leaders in global financial services and CTO Joshua Walsky named by Institutional Investor as one of the Top 30 Innovators in global trading technology.
 

About Broadway Technology

Broadway Technology is a leader in high-performance financial trading solutions for top-tier global banks and hedge funds. Broadway's software manages billions of dollars in transactions daily worldwide for premier financial institutions. Founded in 2003 by experts in computer science, high frequency algorithmic trading and enterprise software, Broadway has been profitable every year since its inception. The company has employees spread across five countries with headquarters located in New York and Austin. To learn more about Broadway, visit us at: www.broadwaytechnology.com, or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.

Broadway Technology Adds Trad-X to Portfolio of Adaptors Providing Deeper Liquidity in US Interest Rate Swaps

Broadway Technology, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that it has added Tradition’s global hybrid platform for trading interest rate swaps, Trad-X, to its portfolio of adaptors for US Interest Rate Swaps for its global customers. The addition of Trad-X will provide deeper liquidity in Broadway's aggregated US IR swaps order books. Tradition is a leading global interdealer broker in OTC financial and non-financial products.
 

Tyler Moeller, Chief Executive Officer, said, "Broadway is excited to add Trad-X to our growing portfolio of low-latency adaptors providing more options for our global bank customers focused on the US Interest Rate Swaps market, an area that is expected to go through significant expansion with the evolving regulatory landscape."
 

Daniel Marcus, Global Head of Strategy and Business Development at Tradition, said, "We are pleased to work with Broadway Technology, a company with a great reputation in the industry as a leading provider of advanced trading technology."
 

Broadway's adaptors provide normalized market data, order handling, and post-trade feeds while still preserving the unique features of the underlying markets. Broadway's industry leading solutions can be easily installed in a few weeks and provide the complete set of capabilities required for trading and e-commerce, including smart order routing among click to trade, central limit order book and RFQ destinations, STP, market data aggregation, spread trading, pre-trade risk limits, pricing and price distribution, and auto/manual rules-driven quoting. All of Broadway’s trading capabilities are accessible via a single multi-asset class, multi-market trading GUI and programmatically via Broadway’s innovative middleware, the TOC™.
 

About Broadway Technology

Broadway Technology is a leader in high-performance financial trading solutions for top-tier global banks and hedge funds. Broadway's software manages billions of dollars in transactions daily worldwide for premier financial institutions. Founded in 2003 by experts in computer science, high frequency algorithmic trading and enterprise software, Broadway has been profitable every year since its inception. The company has employees spread across five countries with headquarters located in New York and Austin. To learn more about Broadway, visit us at www.broadwaytechnology.com, or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.
 

About Trad-X:

Trad-X utilises Tradition's proprietary technology to provide a fully electronic multi-asset class trading platform for OTC derivatives with hybrid and fully automated rich functionality, low latency and – most importantly – the potential for attracting deep liquidity. Designed with the help of the trading community, Trad-X is a logical extension to Tradition's voice brokerage services. Trad-X enables fully electronic order entry, whilst leveraging the benefits of execution capability of Tradition's voice brokers. Trad-X can be accessed via its own fully customisable and configurable client GUI, by using its FIX API or through independent software vendors such as Broadway. Trad-X has over 60 liquid points on the $ IRS curve to which 11 founder banks are streaming prices electronically. In addition, Trad‐X € IRS data, with best bid, offer and size, can be subscribed to via ‘TRDX’ Bloomberg pages. The pages show around 100 of the most liquid points on the € IRS curve, to which the 11 banks are streaming prices as well. Our public reference pages ‘TTST1’ on Thomson Reuters and ‘TREU’ on Bloomberg are showing estimated bid/offer. They are calculated directly from Trad-X mid markets.
 

About Tradition:

Tradition is one of the world's largest interdealer brokers in over-the-counter financial and commodity related products. Represented in 28 countries, Tradition employs 2,400 people globally. Tradition is the trading name of Compagnie Financière Tradition (CFT), which is listed on the Swiss stock exchange. Tradition’s activities are overseen by global regulators including the FCA, SEC and CFTC. For more information, please visit www.tradition.com. Tradition is a trademark of Compagnie Financière Tradition S.A.

Broadway Technology Appoints Claudia Cantarella as General Counsel

Broadway Technology, LLC, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that Claudia Cantarella has joined Broadway as General Counsel. Claudia will oversee all legal matters, including transactional, intellectual property, commercial, corporate, compliance and employment matters.
 

Chief Executive Officer Tyler Moeller said, “I’m excited to welcome Claudia to Broadway. Claudia has been an asset to Broadway for over five years as our outside legal advisor. We look forward to furthering our relationship and having Claudia formally join our team as General Counsel. In this position, she will have an immediate impact as we continue to expand globally and transform the trading technology industry.”
 

"I’ve had the pleasure of working with Broadway in recent years as a legal advisor and have experienced first-hand the culture, talent and innovation that make Broadway an extraordinary company. I look forward to working with the team in my new position and applying my knowledge and experience to help build on Broadway’s continued success for years to come," Ms. Cantarella said.
 

Ms. Cantarella was most recently a Partner and Co-Chair of the US Intellectual Property Group at Salans LLP where she served as primary counsel for all intellectual property matters as well as advising clients on intellectual property aspects of business transactions. In 2006, she was named a Super Lawyer in the field of Intellectual Property and in 2012 she was appointed Vice-Chair of the International Law Privacy, E-Commerce and Data Security Committee of the American Bar Association. Ms. Cantarella holds a BS in Speech from Northwestern University and a JD from the University of Virginia School of Law.
 

About Broadway Technology

Broadway Technology is a leader in high-performance financial trading solutions for top-tier global banks and hedge funds. Broadway's software manages billions of dollars in transactions daily worldwide for premier financial institutions. Founded in 2003 by experts in computer science, high frequency algorithmic trading and enterprise software, Broadway has been profitable every year since its inception. The company has employees spread across five countries with headquarters located in New York and Austin. To learn more about Broadway, visit us at: www.broadwaytechnology.com, or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.

Broadway Technology Announces 2012 Year-End Results

Introduces Campaign for Hosted Liquidity Aggregation and E-commerce for FX; Launches Liquidity Aggregation and E-commerce for IR Swaps; Increases Team Size 31%; Wins Red Herring's Top Global 100 Private Companies Award
 

Broadway Technology, LLC, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today its 2012 year-end results. Broadway celebrated its ninth-year anniversary in 2012 with its team personnel increasing by 31% and client base also growing and diversifying. Broadway now boasts four of the top 10 global banks as customers.
 

New initiatives in 2012 included launching a campaign for hosted liquidity aggregation and E-Commerce for foreign exchange trading, expanding white labeling across multiple asset classes, and introducing turnkey liquidity aggregation, straight-through processing (STP), and E-commerce solutions for the Interest Rate Swaps markets, as well as broad-based expansion in product development, client services, sales and marketing, business operations and college recruiting efforts.
 

Broadway marked 2012 with significant milestones and awards, including winning Red Herring's Top Global 100 Private Companies as well as Broadway CEO Tyler Moeller being named to Institutional Investor's Top 50 Technology Leaders in global financial services and CTO Joshua Walsky named by Institutional Investor as one of the Top 30 Innovators in global trading technology. Broadway was also honored as one of the best companies to work for by the Austin Business Journal.
 

Additionally, Broadway moved its New York headquarters to the 43rd floor of 140 Broadway in the Financial District, occupying over 13,000 square-feet.
 

2012 Highlights:

  • Celebrates ninth-year anniversary.
  • Team size increased 31% in 2012.
  • Broadway has four of the top 10 global banks as customers.
  • Introduces complete end-to-end hosted solutions, deploying the same liquidity aggregation and E-commerce technology Broadway runs at the world's largest banks.
  • Expands Broadway's industry-leading solutions for fixed-income and FX into the world of IR Swaps, with advanced capabilities that can be easily installed in weeks.
  • Wins Red Herring's Top Global 100 Private Companies award, recognizing the year's most innovative and fastest growing companies from North America, Europe and Asia.
  • CEO Tyler Moeller chosen the youngest leader in Institutional Investor’s Tech 50, recognizing the top 50 technology leaders in global financial services.
  • CTO Joshua Walsky, named in Institutional Investor’s Trading Technology Top 30, honoring the top 30 innovators in global trading technology.
  • Broadway appoints Jonathan Fieldman as Chief Operating Officer.
  • Broadway writes Op-Eds on system risk and the global swaps markets published in the Wall Street Journal and Financial Times, respectively.


Tyler Moeller, Chief Executive Officer, said, "This has been an extraordinary year for Broadway's team and for our customers. We celebrated our ninth-year anniversary and expanded both our customer base and personnel. It's been incredibly rewarding to have accomplished so much this year and, even more so, to have the industry take notice of our achievements. We're proud to have accepted several awards in 2012, a clear testament to having an amazing team of people who strive for perfection every day. We started Broadway with a different view of how we wanted to run a technology company and nine years later we continue to take the company in a unique direction."
 

Joshua Walsky, Chief Technology Officer, said, "In a year where the financial services industry continued cost-cutting measures, Broadway has been a key strategic technology partner to our customers, delivering innovative and fully integrated solutions, connecting pieces of technology around the world that have never been connected before, and providing the exceptional service that Broadway is known for. We empower our customers with the most advanced technology and allow them to do more with fewer staff and tighter margins."
 

About Broadway Technology

Broadway Technology is a leader in high-performance financial trading solutions for top-tier global banks and hedge funds. Broadway's software manages billions of dollars in transactions daily worldwide for premier financial institutions. Founded in 2003 by experts in computer science, high frequency algorithmic trading and enterprise software, Broadway has been profitable every year since its inception. The company has employees spread across five countries with headquarters located in New York and Austin. To learn more about Broadway, visit us at: www.broadwaytechnology.com, or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.