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Bloomberg to acquire fintech solutions provider Broadway

March 14, 2023


The firm says there is a “commensurate need” for solutions that cater to a range of client workflows and trading, including across fixed-income asset classes, as electronic trading volumes in rates and credit markets grow.

The acquisition will enable Bloomberg to provide a low latency execution management offering optimised for rates trading, and deliver further innovations in multi-asset software.

“Broadway’s best in breed fixed income market making software will fill a gap in our product portfolio, enabling customers to interact with the market with more speed and agility,” says Ben Macdonald, global head of enterprise products at Bloomberg.

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