Broadway Technology, the global provider of fintech and infrastructure solutions, has acquired Barracuda FX, a provider of FX order management technology. The acquisition will enable Broadway to keep expanding its product suite and deliver its multi-asset solutions across more parts of the investment lifecycle automating additional workflows. According to the announcement, Broadway will retain the full Barracuda FX team. However, Barracuda FX will continue operating as an independent company run by CEO Kieran Fitzpatrick and COO Maurice Curran.
As part of the announcement, Broadway will keep providing Barracuda FX on a standalone basis, without impacting any existing Barracuda integrations. Broadway Technology CEO Tyler Moeller said in his statement that with this acquisition, we are continuing to invest in our ability to deliver a full-stack, multi-asset front-office platform that helps them meet these challenges. He further added that this management expansion enables us to continue leading innovation in both FX and Fixed Income on our unified multi-asset platform while focusing on each segment as its own distinct market with unique structures, business needs, and customer demands. However, Barracuda clients can also take advantage of Broadway’s outsourced hosting capabilities and future integration with their suite of products.
Broadway Technology is a leader in high-performance financial trading solutions and consulting services for top-tier global banks and hedge funds. Incepted in the year 2003, Broadway has more than 100 employees across the world with a global footprint in New York, Austin, London, and Waterloo. According to the company, its founders are industry-recognized innovators, as well as MIT and Cornell alum with advanced CS and engineering degrees and more than 15 years leading high-tech ventures. The company’s technology makes it simple to develop, integrate, and extend large-scale, high-performance intelligent systems in ways that were never before possible.