Broadway Technology Announces U.S. Treasury Trading Integration with MarketAxess

Broadway, a provider of high-performance front-office solutions, announced it has partnered with MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of an electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, “to build and support a U.S. Treasury Request for Quote (RFQ) workflow feature in the MarketAxess U.S. Treasuries marketplace.”

The feature is currently “live and available to all joint customers.”

The new integration “builds on the existing MarketAxess Live Markets Rates partnership and now includes RFQ, giving mutual dealer clients the ability to respond to UST inquiries from MarketAxess’ customer base.”

The MarketAxess trading ecosystem “connects a trusted community of primary and regional dealers, professional trading firms and buy-side clients to trade on- and off-the-run U.S. Treasuries.”

It combines credit and rates trading capabilities into a single solution “to give investor and dealer clients greater flexibility in trading across the fixed income universe.”

Bruce Boytim, COO of Broadway, said:

“Broadway continues to invest to bring our clients the most comprehensive functionality they need to power their fixed income trading operations and attain a competitive advantage. With this new integration with MarketAxess, Broadway clients can now benefit from a connection to one of the deepest liquidity pools and network of over 1,900 firms around the globe.”

As noted in the update, Broadway claims to be “a leading provider of high-performance front-office fintech solutions to sell-side and buy-side clients, including more than half of the top 50 banks in the world.”

Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide “with offices in New York, Austin, Chicago, London, Toronto and Hyderabad.”

Earlier this year, BrokerTec, a provider of electronic trading platforms and technology services in fixed income markets, announced that it had partnered with Broadway Technology to “make its Relative Value (RV) Curve spread trading functionality available on Broadway’s Toc platform.”

In March 2022, Broadway Technology announced the appointment of Lyuba Golberg as Chief People Officer and the promotion of Shawn Stern to Chief of Staff.

The appointments were reported as being “the latest in a series of executive recruitments and promotions as Broadway scales its global team to manage its accelerated growth while continuing to invest in its people, culture and customer commitments.”

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