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Trading Technology 30: Joshua Walsky

Joshua Walsky
No. 25
Chief Technology Officer
Broadway Technology
Joshua Walsky From its start in 2003, Broadway Technology neither sought nor got much attention outside of a small but prestigious circle of banks and hedge funds using its high-performance trading systems. The wraps came off in December, when New York– and Austin, Texas–based Broadway obtained its first outside capital, “a strategic minority investment from our long-term partners including Goldman Sachs,” CEO Tyler Moeller announced. Moeller and CTO and co-founder Joshua Walsky, who both have computer science backgrounds, had worked together on the pioneering automotive e-commerce site CarOrder.com. In 2001 they crossed into finance with a proprietary automated trading venture, KATS, where the Broadway platform originated. “We are still working on the same platform,” says Walsky, 35, stressing that it was designed to be “forward-looking” while enabling firms to integrate the technology without completely ripping out existing systems. It is also “asset-class-agnostic” and has therefore proved adaptable to changing market preferences: in Treasuries and other fixed-income products, foreign exchange and, most recently, credit and interest rate swaps. Broadway reports that revenue has increased more than 50 percent annually since 2008. Employment has doubled, to 50, in the past year and a half and continues to grow at that pace. “We have approximately 100 different products, an astounding number for a company our size,” notes Walsky, who has a BS and an MS in computer science from Cornell University. “We attract people of exceptional caliber.”

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