This content is from: Home

The 2017 Trading Tech 40: Tyler Moeller and Joshua Walsky

< Wall Street's Nerds: The World's Most Powerful Trading Executives
21. Tyler Moeller & Joshua WalskyChief Executive
Officer &
Chief Technology OfficerBroadway TechnologyLast 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 40Click below to view profiles
1. Richard PragerBlackRock2. Chris IsaacsonBats Global Markets3. Bradley PetersonNasdaq4. Brad LevyMarkitSERV5. Dan KeeganCiti
6. Glenn LeskoBloomberg Tradebook7. Bryan DurkinCME Group8. Mayur KapaniIntercontinental Exchange9. Mike BlumKCG Holdings10. Raj MahajanGoldman Sachs Group
11. Ronald DePoaloFidelity Institutional12. Nick ThemelisMarketAxess Holdings13. Jenny KnottNEX Optimisation14. Billy HultTradeweb Markets15. Rob ParkIEX Group
16. Bill Chow & Richard LeungHong Kong Exchanges and Clearing17. John Mackay (Mack) GillMillenniumIT18. Paul HamillCitadel Securities19. Eric NollConvergex20. Veronica AugustssonCinnober Financial Technology
21. Tyler Moeller & Joshua WalskyBroadway Technology22. Alasdair HaynesAquis Exchange23. Gaurav SuriArcesium24. Manoj NarangMana Partners25. Michael Chin & Neill PenneyThomson Reuters
26. Robert SloanS3 Partners27. Anton Katz & Stephen MockAQR Capital Management28. Donal ByrneCorvil29. Stu TaylorAlgomi30. Alfred EskandarPortware
31. Steven RandichFinancial Industry Regulatory Authority32. R. Cromwell CoulsonOTC Markets Group33. Peter MaragosDash Financial34. John FawcettQuantopian35. Donald
Ross III
PDQ Enterprises
36. Jennifer NayarVela Trading Technologies37. Dan RajuTradier38. Susan EstesOpenDoor Trading39. David MercerLMAX Exchange40. Oki MatsumotoMonex Group