21. Tyler Moeller & Joshua Walsky
Chief Executive
Officer &
Chief Technology Officer
Broadway Technology
Last year: 22

Broadway Technology has the look and feel of a Silicon Valley start-up. In fact, it is 14 years old and headquartered on lower Broadway in Manhattan. Its staff's growing head count — to 130 from 100 a year ago — is a fair indication of how business is going. "We started work on seven deals in the second half of 2016, the most simultaneous implementations we've ever had," says CEO Tyler Moeller, 41. He and co-founder and CTO Joshua Walsky, 40, brought to Wall Street a system called TOC, which had already been proven in a proprietary trading environment. Initially, below the proverbial radar, Broadway attracted top-tier banks that were then bulking up in fixed-income trading. An equity investment by Goldman Sachs Group in 2011 brought Broadway out of the shadows.

While TOC has been upgraded significantly over the years, its fundamentally flexible architecture has enabled it to handle growing volumes and multiple functions across asset classes and to serve as a platform for innovation. Moeller says that "foreign exchange is a big driver now," along with regulatory requirements like Europe's MiFID II and its accompanying data and reporting burdens. "We see continued growth in the analytical tools we supply, as well as the tools that our users create to differentiate themselves in the marketplace," Walsky says. Broadway is offering a new way of accessing the system, via a web interface. Explains Walsky, "The core platform is the same; this is a new medium for data dissemination and interaction."

The 2017 Trading Tech 40
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