NEW YORK, Oct. 31, 2017 (GLOBE NEWSWIRE/Korea IT Times) -- Broadway Technology, a provider of high-performance fintech and infrastructure solutions, has signed three tier-one banks, including Barclays, to mark its expansion into the global fixed income marketplace. With this move, Broadway is extending its advanced trading capabilities to enable global financial institutions to more efficiently address capital, operational and business model challenges caused by shifting market structure.
Broadway’s fixed income and foreign exchange clients now include 20 of the world’s largest banks and financial institutions. Its patented enterprise middleware, the TOC™, serves as the core underlying platform, allowing customers to build their own integrated applications that interoperate seamlessly with Broadway’s fintech solutions. With its unique approach, Broadway delivers comprehensive out-of-the-box fintech solutions while also giving their clients unprecedented ability to rapidly adapt and customize over time.
“Barclays chose Broadway as our technology partner because we wanted a complete solution that meets our high bar and that we can also customize with our own unique capabilities,” said John O’Callaghan, Global Head Rates eTrading at Barclays. “We are excited to be working with Broadway Technology to gain the level of flexibility and scalability its solutions will provide our fixed income operations.”
The heightened level of versatility and transparency that Broadway customers gain in their global trading operations allows them to quickly and effectively adapt to impending regulatory requirements, particularly the EU’s upcoming January 2018 MiFID II deadline.
“We are seeing demand from leading financial institutions to replace their existing vendors and legacy in-house systems with modern technology,” said Broadway Technology CEO and co-founder Tyler Moeller. “By expanding our coverage of global fixed income markets, Broadway is ensuring it’s the ideal long-term partner for major financial institutions to support their evolving worldwide operations, providing the industry’s most advanced technology from a team with deep capital markets expertise and an unbeatable record of success.”
Broadway’s global expansion is being funded from a $42 million minority capital investment it raised earlier this year with Long Ridge Equity Partners.
About Broadway Technology
Broadway Technology is a leading provider of high-performance fintech solutions and infrastructure to top global, regional and national banks; brokers; and the buy-side. Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide with offices in New York, Austin, London, and Waterloo.
To learn more about Broadway, please visit: www.broadwaytechnology.com
For media inquiries, contact:
P.J. Kinsella
Paragon Public Relations
pj@paragonpr.com
646.558.6226
