Broadway Technology is launching a program to deliver flat-fee hosted liquidity aggregation and e-commerce for foreign exchange trading.
According to Tyler Moeller, CEO, in today's announcement, "With the introduction of a fully hosted flat-fee offering, Broadway is making it simple for a broad spectrum of financial institutions, ranging from large global banks to small hedge funds, to access a single platform with next generation FX trading and e-commerce capabilities. "Ever since we started Broadway, our philosophy has been that customers shouldn’t pay us fees related to trading volume; they should only pay for our software.”
In the release, Joshua Walsky, chief technology officer, said the company's hosted offering will give the firm's clients the best execution across banks and ECNs, "combined with a groundbreaking rules-based e-commerce engine to make high quality prices to their customers and a powerful platform upon which to build automated hedging and execution algorithms."
Today, Broadway connects to 22 FX ECNs, banks, and platforms, and continues to rapidly expand its connectivity offerings.
Broadway's complete end-to-end hosted solution runs the same advanced liquidity aggregation and e-commerce technology which Broadway said has deployed at some of the largest banks in the world. All of Broadway’s trading components are accessible via a single multi-asset class, multi-market trading graphical user interface (GUI) and accessible via The TOC, which provides a single API for companies to build their own integrated applications, including automated hedging strategies, pricing models, and trading algorithms.