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The 2016 Trading Technology 40: Tyler Moeller and Joshua Walsky

No. 22 Tyler Moeller and Joshua Walsky, Chief Executive Officer and Chief Technology Officer, Broadway Technology

Tyler Moeller and Joshua Walsky
Chief Executive Officer and Chief Technology Officer
Broadway Technology
Last year: 27

For a technology start-up, not to mention the software it produces, life expectancy is short. As a 13-year-old company averaging 35 percent revenue growth in recent years, Broadway Technology has decidedly beaten the odds. When then-20-somethings Tyler Moeller and Joshua Walsky set up shop in New York, they weren’t exactly starting from scratch. Their TOC system had proved its mettle in proprietary trading, and some big Wall Street names, including eventual investor Goldman Sachs Group, were interested in its fixed-income capabilities. “We have people happy using 15-year-old systems,” notes CTO Walsky, 39, whose working relationship with CEO Moeller began in the 1990s at, which did not survive the dot-com bubble. The durability is a testament to TOC’s architecture, which was ahead of its time in being multi-asset-ready and therefore extendable into derivatives and currencies. “The world moved in the direction of our platform,” says Moeller, 40. Things did get complicated. Broadway had to keep pace in the low-latency race, but the 100-employee company — heavily populated with computer science graduates like Moeller (BS and master’s in engineering from Massachusetts Institute of Technology) and Walsky (BA and master’s in engineering from Cornell University) — was built for speed. On that point, however, Moeller says the industry has evolved to where “it’s more cost-effective to be smarter in the way you trade than throwing money” at speed. Business intelligence and analytics become key; in another stroke of prescience, TOC was designed as a “data-oriented system,” Walsky explains, with flexibility and scalability to meet such trading and support needs as risk management, surveillance and compliance. “It is a dynamic compute engine,” he says. “We are still inventing on top of the platform,” which is a year and a half into a substantial rewrite dubbed TOC 4.

2016 Trading Technology 40

1. Raymond Tierney III
2. Richard Prager
3. Chris Isaacson
BATS Global Markets
4. Jonathan Ross
KCG Holdings
5. Bradley Peterson
6. Brad Levy
7. Dan Keegan
8. Ronald DePoalo
Fidelity Institutional
9. Raj Mahajan
Goldman Sachs Group
10. Ari Studnitzer
CME Group
11. Mayur Kapani
Intercontinental Exchange
12. Gerald O’Connell
CBOE Holdings
13. Nicholas Themelis
MarketAxess Holdings
14. Gil Mandelzis
EBS BrokerTec (ICAP)
15. Bill Chow and Richard Leung
Hong Kong Exchanges and Clearing
16. Rob Park
IEX Group
17. Philip Weisberg
Thomson Reuters
18. John Mackay (Mack) Gill
19. Robert Cornish
International Securities Exchange
20. Paul Hamill
Citadel Securities
21. Eric Noll
22. Tyler Moeller and Joshua Walsky
Broadway Technology
23. Rishi Nangalia
REDI Holdings
24. Veronica Augustsson
Cinnober Financial Technology
25. Alasdair Haynes
Aquis Exchange
26. Manoj Narang
Mana Partners
27. Gaurav Suri
28. Robert Sloan
S3 Partners
29. Anton Katz and Stephen Mock
AQR Capital Mgmt
30. Stu Taylor
31. D. Keith Ross Jr.
PDQ Enterprises
32. Donal Byrne
33. Alfred Eskandar
34. R. Cromwell Coulson
OTC Markets Group
35. Masayuki Hosaka
36. Peter Maragos and David Karat
Dash Financial
37. Amar Kuchinad
38. Jennifer Nayar
SR Labs
39. Dave Snowdon
40. Dan Raju

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