Broadway Technology has appointed Bruce Boytim as Chief Operating Officer, where he will optimize business development processes, drive strategic direction and deliver seamless client experiences.
The new COO is responsible for accelerating global growth, driving day-to-day operations and ensuring Broadway’s technology offerings continue to exceed client requirements.
Bruce Boytim is an industry veteran with extensive business development, strategy and operations experience, with expertise in establishing and growing new businesses and commercial products and expanding into new geographies across various financial and regulatory environments.
Prior to Broadway, he served as COO and CSO at Pico, where he expanded the company’s footprint and significantly increased revenue, growing the company into a dominant financial services provider.
He was previously Vice President at the New York Stock Exchange, where he oversaw NYSE Technologies’ Risk Management and Managed Connectivity business and was involved in the launch of the Mahwah data center.
Other prior roles include manager of the Americas Sales Engineering and Electronic Trade Support desks for cash equities and derivatives at Merrill Lynch, COO/CCO of Wave Securities LLC, and risk management and compliance at Northern Trust and TD Waterhouse.
Most recently, he worked as a financial technology advisor for fintechs and investors on growth strategies, capital acquisition, and valuation.
Michael Chin, CEO of Broadway Technology, said: “Broadway is in a period of hyper-growth and continued innovation, and we’re thrilled to have an executive of Bruce’s caliber join our Executive Team.
“Bruce’s deep industry knowledge and proven operational and go-to-market expertise will be critical as we expand into new markets and capitalize on the significant opportunities ahead of us. His rich experience leading organizations through periods of transformation and rapid growth while maintaining focus on customer success will ensure we continuously add value in today’s dynamic trading landscape and best position Broadway for future growth.”
Bruce Boytim, COO of Broadway Technology, commented: “Broadway has a longstanding and exceptional record of technology excellence, product innovation and commitment to client service, and tremendous opportunity to further evolve its offerings and capture market share. I am proud to join the Executive Team to help accelerate go-to-market strategy, optimize operations and expand our global growth opportunities.
“Broadway has always been at the forefront of innovation and this is an exciting time in the company’s growth story. I look forward to working with Broadway’s talented team and global customers to continue this legacy as we lead capital markets further into the future.”
Michael Chin is also a recent addition to the team. The former head of trading at Refinitiv joined Broadway in March 2021.
As part of its growth strategy, the provider of forex and fixed income solutions acquired 100 per cent of Barracuda FX, a specialist FX order management technology company.
Through this acquisition, Broadway will continue to expand its product suite and delivering new multi-asset solutions across more part of its investment lifecycle, allowing clients to automate additional workflows. Both the company have not disclosed the terms and size of the deal.