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Shadow Financial Systems Addresses Cost-Basis
Legislation with Increased Functionality
-Companies Achieve Greater Efficiencies and Improve Risk Management with ShadowSuite-
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PISCATAWAY, N.J. (October 25, 2011) - Shadow Financial Systems, developers of solutions for global securities processing, reconciliation, clearing, treasury and accounting, today announced details of new functionality that addresses requirements resulting from cost-basis legislation. Deployed as an enterprise or point solution, ShadowSuite is the industry’s first truly scalable, multi-currency, multi-asset, multi-entity, real-time clearing platform available via software-as-a-service or client-hosted software. Since August 2011, ShadowSuite has included this new functionality that handles cost-basis accounting, one of the most complicated tax reporting challenges.
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Shadow Financial Systems Introduces New Training Business Unit,
Shadow University -Curriculum Enhances Usage of ShadowSuite System Capabilities-
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EDISON, N.J. (August 11, 2010) - Shadow Financial Systems, developers of the ShadowSuite® global securities processing, reconciliation, clearing, treasury and accounting system, today unveiled its new training business unit, Shadow University. Designed to help clients fully leverage the comprehensive functionality of the ShadowSuite system, Shadow University helps companies take advantage of all the benefits of the production-proven ShadowSuite software.
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Shadow Financial Systems Offers Efficient, Streamlined Transaction Processing with Automated Agency Settlement Solution
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EDISON, N.J. (February 1, 2010) — Shadow Financial Systems, developers of the ShadowSuite® global securities processing, reconciliation, clearing, treasury and accounting system, today announced the availability of its automated Agency Settlement solution. This solution, fully integrated with the ShadowSuite enterprise system, automates the settlement and reconciliation process for broker/dealers acting as settlement agents for affiliates and their clients across markets.
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Shadow Financial Systems, Clients Prepared as OPRA Codes Rendered Obsolete, OSI Becomes Standard
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EDISON, N.J. (January 13, 2010) — Shadow Financial Systems, developers of the ShadowSuite® global securities processing, reconciliation, clearing, treasury and accounting system, today announced a new release of its Options Processing module. Fully integrated within ShadowSuite, this module will enable clients to conform to the new Options Symbology Initiative (OSI) codes.
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Shadow Financial Systems Announces Significant Functionality
Enhancements for Repo Processing and Settlement
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EDISON, N.J. (December 7, 2009) – Shadow Financial Systems, developers of
the ShadowSuite® global securities processing, reconciliation, clearing, treasury
and accounting system, today announced significant enhancements to its repo
functionality. Available as a standalone module or fully integrated with the
ShadowSuite enterprise system, this new functionality provides organizations a
complete front–to‐back office solution that provides great efficiency while
allowing users the ability to perform mid‐life events, such as, modifying
financing rates, collateral prices or applying manual interest adjustments on a
daily basis throughout the transaction life cycle.
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Newedge Group Implements Shadow Financial Systems’ ShadowSuite for Self-Clearing
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EDISON, N.J. (November 30, 2009) – Shadow Financial Systems, developers of the ShadowSuite® global securities processing, reconciliation, clearing, treasury and accounting system, today announced that Newedge USA, LLC has successfully implemented ShadowSuite for self-clearing of its U.S. fixed income products. Newedge USA, a leading global broker providing high quality, innovative clearing and settlement services across multiple asset classes, is a subsidiary of Newedge Group, SA, a joint venture with equal ownership by Calyon and Société Générale, two of the world’s largest financial groups.
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UBS (Bahamas) Ltd. Selects Shadow Financial Systems to
Support Ongoing Growth
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EDISON, N.J. (March 18, 2008) Shadow Financial Systems, developers of the ShadowSuite global securities processing, reconciliation, clearing, treasury and accounting system, today announced it has been selected by UBS (Bahamas) Ltd., a wholly owned subsidiary of UBS AG, Switzerland, for derivatives processing, treasury and accounting functionality.
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Back-Office Software Leader Shadow Financial Systems Celebrates 10th Anniversary
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EDISON, N.J. (October 9, 2007) – Shadow Financial Systems, developers of the ShadowSuite® global securities processing, reconciliation, clearing, treasury and accounting system, today announced its 10th anniversary. Since its inception in 1997, Shadow Financial has established a strong foothold in its served markets — such as broker dealers, hedge funds and administrators — by supporting their post trade processing, reconciliation, clearing and related treasury and accounting requirements.
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Shadow Financial Reviewed by Leading Industry Analyst Firm
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EDISON, N.J. (January 24, 2007) – Shadow Financial Systems, developers of the ShadowSuite® global securities processing, reconciliation, clearing and brokerage accounting system, today announced that ShadowSuite recently was evaluated by Gartner, Inc., a research and advisory firm [1]. ShadowSuite provides a global or domestic trade processing, reconciliation, clearing and accounting system that handles all back office and accounting requirements.
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Archipelago Holdings Selects Shadow Financial’s ShadowSuite
as Back Office Clearing Solution for its Broker-Dealer Subsidiary
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EDISON, N.J./CHICAGO, IL(November 16, 2004) - Shadow Financial Systems, developers of the ShadowSuite global securities processing system, today announced that Archipelago Holdings, Inc. (PCX: AX), the owner and operator of the Archipelago Exchange (ArcaEx), through its wholly owned subsidiary, Archipelago Securities, L.L.C. has selected ShadowSuite as the back office clearing solution for Archipelago Securities’ clearing business.
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