The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Broadway Acquisition of Barracuda FX Expands Product Suite

Subscribe to our newsletter

Broadway Technology plans to deliver multi-asset solutions across more parts of the investment lifecycle and help clients automate additional workflows following its acquisition of Barracuda FX. The company, a provider of high-performance fixed income and foreign exchange solutions, has taken on the full Barracuda FX team and will operate the company independently under the auspices of CEO Kieran Fitzpatrick and chief operating officer Maurice Curran, who also assume roles in Broadway’s FX business. Broadway will continue to offer the Barracuda FX order management (OMS) on a standalone basis and there will be no impact on existing Barracuda integrations.

Tyler Moeller, CEO of Broadway Technology, says: “We’re seeing a tremendous amount of consolidation happening in this industry. Banks want fewer vendors, and specifically those that can offer end-to-end solutions. They want to build less in-house and buy more from vendors. For us, it’s a natural expansion to bring a product like Barracuda into the Broadway family.”

With clients in the fixed income and FX space in 50% of the top 50 banks, Broadway is focused on meeting customer needs to support new business, trading and regulatory requirements. It offers a full technology stack, multi-asset, front-office platform. Broadway customers interested in running Barracuda will be able to purchase the software.

Kieran Fitzpatrick, CEO at Barracuda FX, comments: “We will be able to deploy our OMS on the Broadway platform and provide colocated services with the wider Broadway trading and e-commerce components. This will reduce latency between trading components, which is an increasingly important driver for many of our bank customers. Broadway’s Greyspan service provides is an option if our shared clients want a fully-hosted capability.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Integrating Intelligent Machine Readable News

Intelligent machine readable news is a powerful tool in the arsenals of trading and investment firms seeking competitive advantage. It turns unstructured data into actionable insight and can be used, for example, to uncover market trends, identify correlations and evaluate sentiment. In turn, it can inform quant strategies and predictive models. While machine readable news...

BLOG

Nasdaq Partners with AWS to Build Cloud-Enabled Capital Markets Infrastructure

US exchange operator Nasdaq plans to move its North American markets to the cloud, starting with its Nasdaq MRX options market, under a multi-year partnership with Amazon Web Services (AWS) with the intention of building what it calls the next generation of cloud-enabled infrastructure for financial markets. Nasdaq’s partnership with AWS follows last year’s launch...

EVENT

RegTech Summit London (Redirected)

Now in its 4th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...