Bloomberg Enters Agreement to Acquire Broadway Technology

Bloomberg has entered into an agreement to acquire front-office fintech solutions provider Broadway Technology according to a story in The Trade news. The transaction will equip Bloomberg will the ability to provide a low latency execution management offering optimised for rates trading, alongside the ability to deliver improved innovations in multi-asset software. With the ever-increasing electronic trading volumes in the rates and credit markets, the two firms state that there is a commensurate need for solutions that meet the demands of a broader variety of client workflows and trading, including across fixed-income asset classes.