Norway


Completes $42 million capital raise in 2017; grows revenues by over 25%

Broadway Technology, LLC, a provider of high-performance fintech and infrastructure solutions, completed the most successful in its 14- history as the company increased its annual revenue by more than 25% from 2016,expanded into the global fixed income markets by signing deals with three tier banks, Barclays, and gained substantial share in FX with banks.

Following the company’s $42 million capital raise from Long Ridge Equity Partners in May, closed a record amount in new bookings in 2017. It also became the only vendor with a common platform for both global fixed income and foreign exchange trading afterrapidly expanding its dealer-to-dealer and dealer-to-client coverage worldwide and going live in all major European markets.

Over the last months, Broadway has grown its team by 25% to nearly 150 people worldwide. To support its future growth, Broadway is building a 28,000-square foot office in New York City and has doubled the sizes of its Austin and London offices.

It has been a prolific year for Broadway’s fintech development, including the addition of EU and APAC fixed-income markets, significant enhancements to its fixed-income and FX solutions across the trading lifecycle, and support for MiFID II ahead of the January 2018 deadline.

Its flagship middleware, the Toc, has emerged as the leading smart enterprise platform for the global financial industry, underpinning some of the industry’s most advanced global trading systems. In 2017, Broadway introduced numerous platform enhancements to the Toc, including innovations in low-latency messaging, expanded APIs, and cloud support.

The company also received several notable industry awards and accolades this year, including Best Smart Order Routing Product/Tool at the Sell-Side Technology Awards for the second year in a row, and Best FX Connectivity Provider at the e-FX Awards. Additionally, co-founders Tyler Moeller and Joshua Walsky were ranked #21 on Institutional Investor’s annual Trading Technology 40 list, which highlights the top leaders and innovators that are impacting trading technology across the global capital markets.

 



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(http://www.bobsguide.com/guide/news/2018/Jan/19/broadway-technology--record-year-of-global-expansion/)

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