Allen & Overy advises Broadway Technology on its sale to Bloomberg L.P.
Related people
Dario de Martino
Partner
New York
Steph Ference
Associate
New York
Mara Goodman
Associate
New York
Yuwei Liu
Associate
New York
Philip Mansfield
Partner
London
Imogen Carr
Senior Associate
London
Noah Brumfield
Partner
Washington, D.C.
Puja Patel
Associate
New York
Regina Loureiro
Associate
Washington, D.C.
Brian Jebb
Partner
New York
Hayde Faria
Associate
New York
Alexandra Sentner
Associate
New York
Keren Livneh
Partner
New York
Kyle Coogan
Associate
New York
Chynna Foucek
Associate
New York
Dave Lewis
Partner
New York
Caroline Lapidus
Partner
San Francisco
Zahra Keshwani
Associate
New York
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Allen & Overy (“A&O”) has advised Broadway Technology, a provider of low-latency execution management solutions, in its sale to Bloomberg L.P.
The transaction brings together two highly complementary businesses, Bloomberg's Electronic Trade Order Management Solutions (ETOMS) and Broadway's low-latency execution management solution, and will help further the development of a low-latency order and execution management solution for the credit and rates markets.
Electronic trading in fixed income continues to mature and as workflows become more digitized, market participants are looking for scalable solutions that enable them to remain competitive. Together, Bloomberg and Broadway's solutions will offer clients innovative multi-asset low latency technologies in an increasingly competitive area. Clients of Bloomberg and Broadway's technology solutions will continue to experience the same high levels of service and support.
The transaction was led by M&A partner Dario de Martino and senior associate Stephanie Ference and was assisted by associates Mara Goodman and Yuwei Liu. Partners Philip Mansfield and Imogen Carr assisted on UK antitrust matters, and partner Noah Brumfield, senior associate Puja Patel and associate Regina Loureiro advised on U.S. antitrust matters. Partner Brian Jebb, associates Hayde Faria and Alexandra Sentner advised on employment matters. Partner Keren Livneh and associates Kyle Coogan and Chynna Foucek advised on IP matters. Partners Dave Lewis and Caroline Lapidus and associate Zahra Keshwani assisted on tax matters.