Broadway acquires Barracuda to build out tech stack
The combined entity will serve half of the top 50 banks in the fixed-income and FX space
Financial trading systems provider Broadway Technology has bought order-management technology firm Barracuda FX for an undisclosed amount in a move designed to cater to a growing appetite among clients to deal with fewer vendors.
In acquiring Barracuda’s order-management portfolio, the New York-based company extends the set of foreign exchange and fixed-income trading applications it offers, bringing it closer to its goal of providing a full-stack, multi-asset platform for the front office.
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