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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.

 

Broadway Technology's CTO Joshua Walsky Named to Institutional Investor's List of Top 40 Global Leaders in Trading Technology

New York and Austin, Feb 12, 2013 – Broadway Technology, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that Chief Technology Officer Joshua Walsky was named to Institutional Investor's list of the top global leaders in trading technology, which recognizes the top 40 leaders and innovators in the world of trading technology.
 

Walsky, who co-founded Broadway Technology in 2003 with Chief Executive Officer Tyler Moeller, drives Broadway's technology innovations, leads all software development and consulting efforts. At 36 years of age, Walsky was the second youngest member on the influential top 40. This is the second year in a row that he has made the prestigious list of trading technology innovators.
 

"I am honored to be part of such a distinguished group of leaders chosen by a widely respected publication as Institutional Investor. The list includes high-caliber people and companies, several that Broadway serves and partners with so I'm especially honored to be included. This is a great tribute I share with and in many ways owe to the entire Broadway team. Broadway employs the most dedicated and talented people in the industry committed to excellence and I feel lucky to get to work with that group."
 

Broadway's core technology is the TOC ™ platform, a low-latency event driven distributed data-oriented architecture, that Walsky and Moeller invented and serves to underpin Broadway's trading solutions. Walsky earned a B.S. and M.S. in Computer Science with a focus on machine learning and applied mathematics from Cornell University. He holds multiple patents in the areas of distributed computing, trading technology and e-commerce as well as two algorithmic patents.
 

For more information on Walsky and the complete list of innovators on Institutional Investor's Trading Technology 40: Masters of Market Magic, go to: http://www.institutionalinvestor.com/Stub.aspx?StubID=20694.
 

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 or tel: 646.912.6450.

Broadway Technology Named Red Herring Top 100 Global Winner

New York and Austin, Dec 4, 2012 – Broadway Technology, LLC, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that it was named a winner of 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.
 

Tyler Moeller, CEO of Broadway Technology, said, “Broadway is honored to be chosen as one of the top 100 global companies by Red Herring. This is an enormous validation of our hard work, our business model and our amazing corporate culture. We strive to be the most innovative, results-driven, customer focused company in the trading technology industry, and we've been working for years to solve the industry's most challenging problems while achieving 100% customer success. We’re tremendously proud to be recognized for our accomplishments.”
 

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, Publisher and CEO of Red Herring. “We believe Broadway Technology embodies the vision, drive and innovation that define a successful entrepreneurial venture. Broadway Technology should be proud of its accomplishment, as the competition was the strongest it has ever been.”
 

Red Herring's Top 100 Global list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
 

Red Herring's editorial staff evaluated more than a thousand companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of companies relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models from around the world.
 

About Broadway Technology

Broadway Technology is the emerging 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, with revenues having grown more than 50% annually since 2008. 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 or tel: 646.912.6450.

Broadway Technology Launches Campaign for Flat-Fee Hosted Liquidity Aggregation and E-commerce for Foreign Exchange Trading

Broadway Technology, LLC, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that it has launched a campaign to deliver flat-fee hosted liquidity aggregation and E-commerce for foreign exchange (FX) trading.
 

Tyler Moeller, Chief Executive Officer, said, "With the introduction of a fully hosted flat-fee offering, Broadway is making it simple for a broad spectrum of financial institutions, ranging from large global banks to small hedge funds, to access a single platform with next generation FX trading and E-commerce capabilities. Ever since we started Broadway, our philosophy has been that customers shouldn’t pay us fees related to trading volume; they should only pay for our software.”
 

Joshua Walsky, Chief Technology Officer, said, “Our new hosted offering will give our clients the best execution across banks and ECNs, combined with a groundbreaking rules-based E-commerce engine to make high quality prices to their customers and a powerful platform upon which to build automated hedging and execution algorithms."
 

Broadway's complete end-to-end hosted solution runs the same advanced liquidity aggregation and E- commerce technology Broadway has deployed at some of the largest banks in the world. All of Broadway’s trading components are accessible via a single multi-asset class, multi-market trading GUI and accessible via The TOC, which provides a single API for companies to build their own integrated applications, including automated hedging strategies, pricing models, and trading algorithms. Today, Broadway connects to 22 FX ECNs, banks, and platforms, and continues to rapidly expand its connectivity offerings.
 

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, with revenues having grown more than 50% annually since 2008. 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 or tel: 646.912.6450.

Broadway Technology CEO Tyler Moeller Named to Institutional Investor’s Tech 50: "The Difference Makers" Honoring the Top 50 Technology Leaders 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 Tech 50: "The Difference Makers," which recognizes the top 50 technology leaders in the financial services industry.
 

Moeller, who at 36 is the youngest leader on the Tech 50, said, “I am honored to be named one of the top technology leaders in finance by such a respected publication as Institutional Investor. It’s a privilege to be sitting among the most influential names in the industry, people who have built great organizations and innovative technology. This recognition highlights the remarkable efforts of Broadway’s talented team who work every day to change the way this industry utilizes technology, for the better. This team has made Broadway’s groundbreaking trading platform The TOC™ the most robust enterprise platform in the industry.”
 

Moeller co-founded Broadway in 2003 with Chief Technology Officer Joshua Walsky, who was named in Institutional Investor's Trading Technology 30: “Masters of Market Magic” earlier this year. Their software, including The TOC, has transformed the trading technology landscape, and powers trading and e-commerce for numerous top tier global banks. The TOC is the low-latency event driven distributed data-oriented architecture that underpins all of Broadway's trading solutions.
 

Moeller, a former algorithmic trader, holds multiple patents in distributed computing and trading technology and earned his SB and MEng in Computer Science and Electrical Engineering from MIT. Moeller also designed FPGA-based signal processing systems at the MIT Lincoln Laboratory and developed software at the US Army’s Night Vision and Electro-Optics Laboratory. He started his entrepreneurial career at carOrder.com, a startup that raised $125m in investments where he was Director of Development and Acting CTO.
 

For more information on Moeller and the complete list of innovators on Institutional Investor's Tech 50, go to: http://www.institutionalinvestor.com/Stub.aspx?StubID=18356.
 

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, with revenues having grown more than 50% annually since 2008. 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 or tel: 646.912.6450.

Broadway Technology Moves New York Headquarters to 140 Broadway in the Financial District

Broadway Technology, LLC, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that it has moved its New York headquarters to the 43rd floor of 140 Broadway in the Financial District, occupying 13,000 square-feet.
 

Tyler Moeller, Chief Executive Officer, said, "The move to 140 Broadway is the latest milestone for us. We’ve been expanding fast, and needed a new space as we continue to grow our talented team. We’re thrilled about our new beautiful space, its incredible views of New York, and the distinctive design we’ve created for it. We’re bringing together design elements highlighting both our Silicon Valley creativity and our Wall Street professionalism as we make the space uniquely ours. Broadway is committed to recruiting top-tier talent, and with the addition of 140 Broadway to our offices, we’re continuing to provide our people with amazing places to work.”
 

Broadway’s new office in New York is on the 43rd floor of a 51-story glass tower located between Liberty and Cedar streets. This move follows the expansion last year in Broadway's Austin office to a new lakeside property on the shores of Lake Austin that tripled the size of its previous space.
 

Broadway was founded in 2003 and has been profitable every year since it was established, with revenues growing more than 50% annually the past four years, led by Broadway’s innovative trading solutions and groundbreaking event-driven distributed data-oriented architecture, 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, with revenues having grown more than 50% annually since 2008. 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 or tel: 646.912.6450.

Broadway Technology to Participate in Door64's Austin's Painpoint Job Fair

Broadway Technology, LLC, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that it will be participating in Austin's Painpoint Job Fair on Friday, June 29, 2012. The event was launched by Door64, Austin's largest technology organization with a membership of over 20,000 technology professionals.
 

Tyler Moeller, CEO of Broadway Technology, said, "We are pleased to be partnering with Door64 to find the most talented software professionals in Austin, who want to join an innovative company that hires the brightest minds in the industry. At Broadway, we take great pride in solving the most challenging problems every day in a fun, creative environment that fosters teamwork and excellence."
 

Matt Genovese, Founder of Door64, said, "I am excited that Broadway Technology is using our focused job event to compete for the most critical software talent needed in Austin. With Austin-area employers like Broadway, Door64 is showcasing Austin as a center for high-caliber software professionals and the companies who need them."
 

Broadway Technology will have a booth at the AT&T Conference Center in the Grand Ballroom at 1900 University Avenue in Austin on June 29 from 10am to 4pm. For more information on careers at Broadway, visit: http://broadwaytechnology.com/job-opportunities. For more information about Austin's Painpoint Job Fair, visit: http://door64.com/painpoint.
 

About Broadway Technology

Broadway Technology is a leader in high-performance financial trading solutions and consulting services 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, with revenues having grown more than 50% annually since 2008. 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 or tel: 646.912.6450.
 

About Door64

Door64 is an organization of over 20,000 technology professionals producing high-value events that help companies and Austin-area technologists connect. Headquartered in Austin, Texas, the Door64 membership consists of software, IT, web design, mobile, hardware, and semiconductor professionals from Austin’s vibrant technology community. Door64 engages with companies and conferences to produce unique events that promote brand, amplify sales and marketing efforts, and find technology talent in Austin. For more information, visit www.Door64.com, or on Facebook at: http://www.facebook.com/door64. Follow them on twitter at: @door64. For media inquiries, contact Laura Beck for Door64, laurabeckcahoon@gmail.com / tel. 512.786.1098.

Broadway Technology Named Red Herring Top 100 North Americas Winner

Broadway Technology, LLC, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that it is a winner of Red Herring's Top 100 Private Companies award, recognizing the year's most innovative and fastest growing companies in North America.
 

Tyler Moeller, CEO of Broadway Technology, said, "Being chosen as one of the top 100 companies in North America is a great honor bestowed upon our company by Red Herring. I'm immensely proud of the Broadway team and our accomplishments. We solve the most challenging problems every day for our customers and that takes great dedication, expertise and teamwork from an amazing group of people. Our potential for continued growth in the finance space and beyond is limitless."
 

Broadway Technology was selected a winner among 800 companies who competed for the award by Red Herring’s editorial staff. Companies were evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. Red Herring's Top 100 Americas list began in 1996 and has become a mark of distinction for identifying promising companies and entrepreneurs. Previous winners include: Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay.
 

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Broadway Technology embodies the vision, drive and innovation that define a successful entrepreneurial venture. Broadway Technology should be proud of its accomplishment, as the competition was very strong.”
 

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, with revenues having grown more than 50% annually since 2008. 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 or tel: 646.912.6450.

Broadway Technology Set to Launch Turnkey Liquidity Aggregation, STP, and E-commerce Solutions for Six Interest Rate Swaps Markets in June

Broadway Technology, LLC, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that in response to Dodd-Frank regulations and the emergence of Swap Execution Facilities (SEFs), Broadway is set to launch turnkey liquidity aggregation, straight-through processing (STP), and e-commerce solutions for six Interest Rate Swaps markets in June 2012.
 

Tyler Moeller, Chief Executive Officer, said, "With the upcoming changes in regulation, the need to deploy new sophisticated electronic trading technology is a major challenge faced by every swaps player, from top-tier global banks to small trading shops. The firms that invest in superior technology will benefit tremendously from the creation of these new electronic markets. With the powerful combination of Broadway’s turnkey trading solutions and enterprise platform, The TOC™, now available for IR Swaps, our customers will have an immediate competitive edge."
 

Joshua Walsky, Chief Technology Officer, added, "Broadway has built a reputation for being innovative, painstakingly thorough, and consistently providing trading technology that encompasses regulatory foresight. Our technology allows our customers to effectively trade in regulated markets and adapt quickly as they evolve. I'm proud to announce that we will be launching IR Swaps in June and we have already been selected to be an integral part of the SEF strategy for top- tier financial institutions."
 

Broadway has brought its industry leading fixed-income and FX solutions to the world of IR Swaps, with advanced capabilities that can be easily installed in a few weeks. Features include sophisticated 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 accessible via The TOC, which provides a single API for companies to build their own integrated applications.
 

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, with revenues having grown more than 50% annually since 2008. 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 or tel: 646.912.6450.

Broadway Named "Best Places to Work" 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.
 

Tyler Moeller, Chief Executive of Broadway Technology, said, “This is a great honor for our company. Broadway has assembled an exceptional team of people who inspire and challenge each other, and solve the hardest problems in trading technology. Our team has more than doubled in the past 18 months and our company continues to focus on creating a culture of genuine collaboration where employees love what they do. We're proud to be named among the top companies to work for by the Austin Business Journal."
 

David Meeker, Principal and Director of Broadway’s Austin Headquarters, said “Being selected as a best place to work is an incredible achievement for Broadway. We are proud of the environment that we have created and this recognition validates all the work we have put into creating a unique atmosphere for our employees."
 

Broadway has employees in five countries with headquarters in New York and Austin. The company remains committed to the expansion of its Austin operations following a recent move to its new lakefront offices at 5000 Plaza on the Lake, which more than tripled Broadway's previous square feet of office space.
 

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, with revenues having grown more than 50% annually since 2008. 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 or tel: 646.912.6450.

Broadway Technology Adds University of Texas to its College Recruiting Roster

Broadway Technology, LLC, the emerging leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today it has added the University of Texas in Austin to its college recruiting roster alongside Massachusetts Institute of Technology, Cornell, Stanford and Waterloo University in Canada.
 

Tyler Moeller, Chief Executive of Broadway Technology, said, "We are pleased to partner with UT to establish the next generation of software leaders and to promote the great city of Austin. Broadway is dual headquartered in New York and Austin because Austin is a breeding ground for exceptional software talent with the entrepreneurial spirit Broadway is built on and looks to its next generation of leaders for."
 

Professor Bruce Porter, Chair of the Department of Computer Science at UT, said, "The Computer Science Department at UT-Austin is proud to have Broadway Technology recruit our talented graduates with exciting opportunities to develop advanced technologies for financial markets."
 

Broadway, which aims to double the size of its team in the next 18 months, expects a large part of the growth to occur in its new Austin office on 5000 Plaza on the Lake. At 8,300 square feet, it more than triples Broadway's previous office space.
 

"We have beautiful new office space and we are making a significant investment in Austin. We have a phenomenal team that has made Broadway the most innovative company in the world of trading technology and we are looking for top-tier talent to join their ranks," said Moeller.
 

About Broadway Technology

Broadway Technology is the emerging 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, with revenues having grown more than 50% annually since 2008. 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 or tel: 646.912.6450.

Broadway Technology's CTO Joshua Walsky Named in Institutional Investor's Trading Technology Top 30

Broadway Technology, LLC, the emerging leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that Chief Technology Officer Joshua Walsky was named in Institutional Investor's Trading Technology 30: Masters of Market Magic, which recognizes the top 30 leaders and innovators in the world of trading technology.
 

Walsky, 35, who co-founded Broadway Technology in 2003 with Chief Executive Officer Tyler Moeller, is the driving force behind Broadway’s software development and consulting efforts. In being named among the top 30 innovators in trading technology, he said, "I am honored to be in the company of such veteran leaders in the trading technology space. This recognition by such a respected publication as Institutional Investor is a testament to the hard work and creativeness of the entire team at Broadway, who have made our patented enterprise trading platform, The TOC™, the most innovative and robust platform in trading technology."
 

The TOC is the low-latency event driven distributed data-oriented architecture that underpins Broadway's trading solutions. Walsky invented The TOC with Moeller and holds multiple patents in the areas of distributed computing, trading technology and e-commerce as well as two algorithmic patents. He earned a B.S. and M.S. in Computer Science with a focus on machine learning and applied mathematics from Cornell University.
 

For more information on Walsky and the complete list of innovators on Institutional Investor's Trading Technology 30: Masters of Market Magic, go to: http://www.institutionalinvestor.com/Article/2977751/TT30-Joshua-Walsky.html.
 

About Broadway Technology

Broadway Technology is the emerging 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, with revenues having grown more than 50% annually since 2008. 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 or tel: 646.912.6450.

Broadway Technology Appoints Jonathan Fieldman as Chief Operating Officer

Broadway Technology, LLC, the emerging leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today the appointment of Jonathan Fieldman as Chief Operating Officer. In this capacity, he will oversee global business operations, finances, corporate sales, marketing, recruiting and business development as well as spearhead strategic initiatives.
 

Chief Executive Officer Tyler Moeller, said, "I am pleased to announce Jonathan's new role as COO. He is an outstanding leader and strategist and has been critical to the success of the company for the past eight years. He will be instrumental in Broadway's rapid growth as we continue to expand operations globally, enter new asset classes and increase our portfolio of financial software."
 

"This is an exciting time in Broadway's history and I am thrilled to be part of such a talented team revolutionizing the financial technology industry. There are enormous opportunities ahead for Broadway and I look forward to building on our great reputation," Mr. Fieldman said.
 

Mr. Fieldman was most recently Executive Vice President and Head of Strategy. He'll continue to serve as a member of the Board of Directors and the Executive Team. Prior to Broadway, he held leadership positions in several startups, including a $15m venture-backed electronic wholesale marketplace as well as founding his own company, Data Vault Ltd, a pioneer in hosted market intelligence and sales force automation serving 90% of the world’s largest wine and spirits suppliers. He started his career as a business analyst and strategic advisor to the iconic chairman of Sidney Frank Importing, the exclusive importer of Jagermeister to the US. He holds a B.S. in Economics from MIT.
 

About Broadway Technology

Broadway Technology is the emerging 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, with revenues having grown more than 50% annually since 2008. 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 or tel: 646.912.6450.

Broadway Technology Announces 2011 Year-End Results

Revenue Up 50% for 4th Consecutive Year; Team Size Grows 50%; Celebrates 8th Year Anniversary; Accepts Strategic Investment from Top-Tier Banks, including Goldman Sachs
 

Broadway Technology, LLC, the emerging leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today its 2011 year-end results. Broadway's total revenue rose nearly 50% for the fourth consecutive year,  customer base grew by 30%, and team personnel increased by over 50% with broad-based expansion in product development, client services, sales & marketing, business operations and college recruiting efforts.
 

Broadway marked 2011 with significant milestones and achievements, including announcing that it had accepted a strategic minority investment from its existing customers, including Goldman Sachs, to accelerate the expansion of global operations, to increase the corporate portfolio of market leading financial software, broaden its investment in its patented technologies, and to add new asset classes: credits, swaps, equities, options, and others.
 

Additionally, Broadway celebrated its eight-year anniversary in 2011 and touted its eighth consecutive year of profitability, led by its groundbreaking turn-key software solutions and patented enterprise platform, the TOC™, the low-latency event driven, distributed data-oriented architecture that underpins all Broadway's solutions.  
 

2011 Highlights:

  • Total revenue rose nearly 50% for a fourth consecutive year.
  • Team size increased over 50% in 2011 with expansion in product development, client services, sales & marketing and business operations.
  • Austin team size grew by 75% in 2011.
  • Acquired new Austin office with space capacity aimed at tripling size of Austin team.
  • Total customer base increased over 30%.
  • Broad-based adoption by existing customers of Broadway's patented platform, the TOC™, an event driven, distributed data-oriented architecture, as an enterprise middleware for developing large scale low-latency systems.
  • Successfully expanded college recruiting efforts targeting top-rated computer science programs at MIT, Stanford, Cornell and Waterloo.
  • Launched Broadway's quoting engine and e-commerce platform for US Treasuries.
  • Added platform support for interest-rate swaps and mortgage products.
  • Launched Managed Services, a new client-based support offering.


Tyler Moeller, Chief Executive Officer, said, "This has been a remarkable year for Broadway and for our customers. We surpassed all of our 2011 strategic goals, including increasing revenue by nearly 50%; bringing on new top-tier global customers; expanding our services for existing customers; partnering with premier global banks such as Goldman Sachs to make a strategic investment in our company; expanding our team size and our recruiting efforts, and successfully continuing to hire the best and brightest. 2011 was an exceptional year and we're incredibly excited about our plan for 2012. The best is yet to come."


This was an important year for Broadway's numerous technology initiatives, including major enhancements and optimizations to the TOC and Broadway's trading software. Broadway also launched its new e-commerce solution featuring a high-volume rules-based quoting engine, which when used in conjunction with Broadway's execution and pricing capabilities, completed the full US Treasury dealing solution. Broadway also established a Managed Services division designed to provide full-service support and system management for its clients.


Joshua Walsky, Chief Technology Officer, said, "We have been purposeful and methodological in our approach to building Broadway. We wanted to prove our business model, prove our software development model and platform, prove there was a market, prove that we could attract the top minds in the industry, prove that we could build a great company with a great culture, and prove that we could do it year over year through times of economic growth and downturns. Broadway has demonstrated, more than ever in 2011, that when it comes to building superior trading technology and a superior company, we are clearly ahead of our competitors."
 

About Broadway Technology

Broadway Technology is the emerging 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, with revenues having grown more than 50% annually since 2008. 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 or tel: 646.912.6450.

Broadway Technology Accepts Strategic Minority Investment from Top-Tier Banks, including Goldman Sachs

Broadway’s revenues rose 50% in each of the last four years
 

Broadway Technology, LLC, the emerging leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that it has accepted a strategic minority investment from its existing customers, including Goldman Sachs. Broadway will use the additional capital to expand its global operations, increase its portfolio of market leading financial software and broaden its investment in its patented technologies.
 

“For the first time in our eight-year history, we are pleased to accept a strategic minority investment from our long-term partners, including Goldman Sachs,” said Tyler Moeller, Chief Executive Officer of Broadway Technology. “Broadway is the leading provider of advanced trading solutions with an unparalleled track record for solving the industry's most challenging technology problems. This capital infusion comes at a time of rapid growth for Broadway and will accelerate our long-term global expansion plans to establish Broadway as the premier destination for financial software.”
 

Beth Hammack, Co-Head of Interest Rate Products Trading at Goldman Sachs, said, “We are pleased to be an investor in Broadway, a company that has built a great track record in trading technology and is well positioned for long-term growth.”
 

Broadway was founded in 2003 by visionary technology professionals with backgrounds in computer science, high-frequency automated trading and enterprise software. Broadway has been independently profitable every year since it was established, with revenues growing more than 50% annually the past four years, led by Broadway’s innovative trading solutions and groundbreaking event-driven distributed data-oriented architecture.
 

About Broadway Technology

Broadway Technology is the emerging 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, with revenues having grown more than 50% annually since 2008. 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 or tel: 646.912.6450.

Broadway Technology Expands its Austin Headquarters

New Lakefront Office Triples the Size of Previous Space Ahead of Rapid Growth
 

Broadway Technology, LLC, the emerging leader in high-performance trading solutions for top-tier global banks and hedge funds with dual headquarters in New York and Austin, announced today that it has moved its Austin office to a new 8,300 square feet location overlooking five acres of lakeside property on the shores of Lake Austin.
 

The new Austin location at 5000 Plaza on the Lake more than triples Broadway's previous 2,500 square feet of office space. Tyler Moeller, Chief Executive Officer, said, “Broadway is growing fast and this latest move reflects our commitment to expand our operations in Austin, a hotbed for high-tech talent. We are excited about the future of Broadway and the innovation that will come out of Austin.”
 

David Meeker, Principal and Director of Broadway's Austin Headquarters, said, “Broadway's team has more than doubled in the past 18 months and our company continues to push forward at a vigorous pace. We have assembled a phenomenal group of people and the new space was chosen to attract the best and brightest minds in Austin.”
 

The move coincides with the eighth-year anniversary of Broadway’s launch in October 2003. Broadway has been profitable every year since it was established, with revenues growing more than 50% annually the past four years, thanks to Broadway’s innovative software solutions and groundbreaking event-driven distributed data-oriented architecture.
 

About Broadway Technology

Broadway Technology is the emerging 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, with revenues having grown more than 50% annually since 2008. 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 or tel: 646.912.6450.