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The 2015 Trading Technology 40: Tyler Moeller and Joshua Walsky

#27 Tyler Moeller and Joshua Walsky, Chief Executive Officer and Chief Technology Officer, Broadway Technology


27
Tyler Moeller
and Joshua Walsky
Chief Executive Officer
and Chief Technology Officer
Broadway Technology

It may seem topsy-turvy when venerable financial institutions are turning to software entrepreneurs to cut through regulatory and market structure thickets. But that is how 11-year-old Broadway Technology, with Goldman Sachs Group as a lead customer and investor, has made its mark. Co-founders Tyler Moeller and Joshua Walsky combined computer science backgrounds — they have master’s degrees from Massachusetts Institute of Technology and Cornell University, respectively — with programming work at a dot-com flameout (CarOrder.com) and a proprietary trading venture (KATS) to create a high-performance platform initially for fixed-income markets. The technology, known as TOC, had multi-asset-class flexibility built in and has migrated along with its customers into foreign exchange and swaps. Broadway is thriving as volatility returns and firms of all sizes have pent-up demand for systems to support their evolving agency or prop trading styles; CEO Moeller, 39, expects to add 30 to the New York-based company’s head count of 80 in 2015. The biggest companies that historically built in-house systems are taking a “build and buy” approach, he explains. They retain lean, highly expert development teams and off-load software maintenance and other tasks that Broadway can handle more economically. “We were a big-data company before people used that term,” notes CTO Walsky, 38. With that foundation, to meet surveillance and compliance needs, Broadway brought “a real-time, reactive monitoring system from concept to deployment in 2014.”





The 2015 Trading Technology 40

1
2
3
4
5
Kevin Kometer
CME Group
Richard Prager
BlackRock
Raymond Tierney III
Bloomberg Tradebook
Jonathan Ross
KCG Holdings
Charles Vice
Intercontinental Exchange
6
7
8
9
10
Chris Isaacson
BATS Global Markets
Bradley Peterson
Nasdaq OMX Group
Brad Levy
MarkitSERV
Dan Keegan
Citi
Ronald DePoalo
Fidelity Institutional
11
12
13
14
15
Gerard Beatty
Goldman Sachs Group
Gerald O'Connell
CBOE Holdings
Brenda Hoffman
TMX Group
Billy Hult
Tradeweb Markets
Nicholas Themelis
MarketAxess Holdings
16
17
18
19
20
Bina Kalola
Bank of America Merrill Lynch
Gil Mandelzis
EBS-BrokerTec (ICAP)
Steven Randich
Financial Industry Regulatory Authority
Jerry Dobner
GFI Group
Michael Liberman
BlueMountain Capital Management
21
22
23
24
25
Bill Chow and Richard Leung
Hong Kong Exchanges and Clearing
Jamie Selway
Investment Technology Group
Brad Katsuyama
IEX Group
John Mackay (Mack) Gill
MillenniumIT
Jamil Nazarali
Citadel Execution Services
26
27
28
29
30
Robert Cornish
International Securities Exchange
Tyler Moeller andJoshua Walksy
Broadway Technology
Rishi Nangalia
REDI Holdings
Manoj Narang
Tradeworx,
Thesys Technologies
Oki Matsumoto
Monex Group
31
32
33
34
35
Alasdair Haynes
Aquis Exchange
Veronica Augustsson
Cinnober Financial Technology
Stu Taylor
Algomi
Luís Otávio Saliba Furtado
BM&FBovespa
Tal Cohen
Chi-X Global Holdings
36
37
38
39
40
Donal Byrne
Corvil
R. Cromwell Coulson
OTC Markets Group
Alfred Eskandar
Portware
Richard Korhammer
SR Labs
Hazem Dawani
OptionsCity Software


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