Broadway Technology Adds Trad-X to Portfolio of Adaptors Providing Deeper Liquidity in US Interest Rate Swaps

NEW YORK, NY and AUSTIN, TX--(Marketwired - Apr 23, 2013) - Broadway Technology, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that it has added Tradition's global hybrid platform for trading interest rate swaps, Trad-X, to its portfolio of adaptors for US Interest Rate Swaps for its global customers. The addition of Trad-X will provide deeper liquidity in Broadway's aggregated US IR swaps order books. Tradition is a leading global interdealer broker in OTC financial and non-financial products.

Tyler Moeller, Chief Executive Officer, said, "Broadway is excited to add Trad-X to our growing portfolio of low-latency adaptors providing more options for our global bank customers focused on the US Interest Rate Swaps market, an area that is expected to go through significant expansion with the evolving regulatory landscape."

Daniel Marcus, Global Head of Strategy and Business Development at Tradition, said, "We are pleased to work with Broadway Technology, a company with a great reputation in the industry as a leading provider of advanced trading technology."

Broadway's adaptors provide normalized market data, order handling, and post-trade feeds while still preserving the unique features of the underlying markets. Broadway's industry leading solutions can be easily installed in a few weeks and provide the complete set of capabilities required for trading and e-commerce, including smart order routing among click to trade, central limit order book and RFQ destinations, STP, market data aggregation, spread trading, pre-trade risk limits, pricing and price distribution, and auto/manual rules-driven quoting. All of Broadway's trading capabilities are accessible via a single multi-asset class, multi-market trading GUI and programmatically via Broadway's innovative middleware, the TOC™.

About Broadway Technology
Broadway Technology is a leader in high-performance financial trading solutions and consulting services for top-tier global banks and hedge funds. Broadway's software manages billions of dollars in transactions daily worldwide for premier financial institutions. Founded in 2003 by experts in computer science, high frequency algorithmic trading and enterprise software, Broadway has been profitable every year since its inception. The company has employees spread across five countries with headquarters located in New York and Austin. To learn more about Broadway, visit us at: www.broadwaytechnology.com, or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.

About Trad‐X:
Trad-X utilises Tradition's proprietary technology to provide a fully electronic multi-asset class trading platform for OTC derivatives with hybrid and fully automated rich functionality, low latency and -- most importantly -- the potential for attracting deep liquidity. Designed with the help of the trading community, Trad-X is a logical extension to Tradition's voice brokerage services. Trad-X enables fully electronic order entry, whilst leveraging the benefits of execution capability of Tradition's voice brokers. Trad-X can be accessed via its own fully customisable and configurable client GUI, by using its FIX API or through independent software vendors such as Broadway. Trad-X has over 60 liquid points on the $ IRS curve to which 11 founder banks are streaming prices electronically. In addition, Trad‐X EUR IRS data, with best bid, offer and size, can be subscribed to via 'TRDX' Bloomberg pages. The pages show around 100 of the most liquid points on the EUR IRS curve, to which the 11 banks are streaming prices as well. Our public reference pages 'TTST1' on Thomson Reuters and 'TREU' on Bloomberg are showing estimated bid/offer. They are calculated directly from Trad-X mid markets.

About Tradition
Tradition is one of the world's largest interdealer brokers in over-the-counter financial and commodity related products. Represented in 28 countries, Tradition employs 2,400 people globally. Tradition is the trading name of Compagnie Financière Tradition (CFT), which is listed on the Swiss stock exchange. Tradition's activities are overseen by global regulators including the FCA, SEC and CFTC. For more information, please visit www.tradition.com. Tradition is a trademark of Compagnie Financière Tradition S.A.