New York based financial technology software provider Broadway Technology has secured $42m in private equity funding from Long Ridge Equity Partners. Founded in 2003, Broadway provides mission-critical trading solutions for top global, regional, and national banks, brokers, and hedge funds. Leveraging its core technology platform, the TOC, Broadway’s solutions handle over $100 trillion of trading volumes annually within the fixed income and foreign exchange markets.
Broadway’s unique combination of next-generation fintech applications and unifying infrastructure enables its clients to adapt to dynamic competitive and regulatory trends. The TOC, Broadway’s data-oriented architecture, enables seamless integration of legacy software systems, unprecedented visibility into and control over enterprise data, and a wide range of large integrated business applications. “We are excited to partner with Long Ridge as we enter our next phase of growth,” Broadway CEO, Tyler Moeller, said. “We chose Long Ridge as a partner due to their unparalleled expertise in capital markets technology and strong track record of investing in leading financial technology firms. Long Ridge’s capital and strategic support will enable Broadway to accelerate our global expansion and continue our rapid growth, while delivering powerful new functionality and top-tier services to our existing customers.”