Transaction first announced back in March; businesses highlight increasing maturity of electronic trading in fixed income as a key factor for the acquisition.
Tag: Broadway Technology
Cboe selects Broadway Technology as infrastructure provider for new interdealer US treasuries platform
Broadway will provide Cboe full-service co-location, cloud hosting and system oversight to improve the trading experience on Cboe’s new trading platform.
Acquisition of Broadway Technology will allow Bloomberg to provide a low latency execution management offering optimised for rates trading and deliver improved innovations in multi-asset software.
FILS 2022: Execution Management Systems still need to evolve further to meet needs of the fixed income market
According to panelists, EMS’ need to do more than replicate what’s been done in the equities market to truly provide value in the fixed income space.
The new integration, which includes a request for quote feature, will allow mutual dealer clients to respond to US Treasury inquiries from MarketAxess’ customer base.
Integration of the RV Curve spread trading solution will help remove legging risk, provide inside liquidity and increase matching opportunities, BrokerTec said.
ION’s acquisition of DASH and Broadway, TS Imagine’s merger, and Broadridge’s acquisition of Itiviti all took place recently as the market continued to consolidate.
Under the terms of the deal, DASH becomes part of the ION markets division, which provides trading automation, analytics and innovation across the trade lifecycle.
Global head of trading at Refinitiv, Michael Chin, joins Broadway Technology as co-founder and CEO takes on a new role as chief innovation officer.
ION will sell the fixed income business at Broadway Technology to alleviate concerns the deal would stifle competition in the fixed income electronic trading systems market.