Shadow Financial Systems Fulfills Industry Need for
Real-Time Clearing Platform with ShadowSuite Solution
PISCATAWAY, N.J. (September 27, 2011) - Shadow Financial Systems, developers of solutions for global securities
processing, reconciliation, clearing, treasury and accounting, continues to
build a solid reputation for delivering leading-edge technology solutions for
the global securities marketplace, including the broad industry adoption of the
company’s flagship product, ShadowSuite®. 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.
According to the June 2011 research report
from TowerGroup, a Corporate Executive Board company, titled, “Assessing the
Market for U.S. Core Brokerage Processing Systems,”
most broker-dealers are looking for core brokerage processing that employs a
single enterprise-wide system across all geographies, currencies, and products.
With enterprise-wide systems like
ShadowSuite, companies can achieve greater efficiencies, better cost control,
and improve financial reporting and risk management processes. ShadowSuite can
function as a company’s sole system for trading books and records across the
operations, treasury and accounting departments or be implemented as a point
solution to address specific business requirements.
“Clearly, current global market conditions
are driving greater demand for back-office brokerage processing that is
flexible enough to process and account for all trading opportunities and
scalable enough to address the day-to-day spikes in volume while reducing transaction costs and mitigating risks. As an
exception-based system, ShadowSuite is designed to provide operating
efficiencies to the middle and back-offices, treasury and accounting areas. We
pride ourselves on delivering the right solution for our clients, no matter
what markets they are in or they contemplate entering,” commented Donald
Marino, CEO of Shadow Financial Systems.
The company, which recently expanded into new
headquarters to accommodate its continued growth, was specifically referenced
in the TowerGroup Research Note for its multi-currency processing capabilities.
With the additions of ShadowMargin™ and ShadowConnect™ to its solution set,
Shadow Financial can serve as the single source of information for risk,
credit, regulatory and audit groups. ShadowMargin is a standalone product that
provides a comprehensive, highly scalable and configurable solution for
strategy-based Reg-T and Day Trader margin processing. ShadowConnect is a
centralized hub for incorporating global trade feed handlers and consolidating the
data into standardized trade execution reports.
More information about Shadow Financial’s
next-generation software-as-a-service for back-office processing can be found
Financial Systems Founded in 1997 by industry experts, Shadow Financial’s technology provides
comprehensive post-trade processing, treasury and accounting functionality on a
cost-effective platform for trading organizations. Among the Company’s clients
are NYSE Arca, National Financial Services LLC, a Fidelity Investments Company,
Newedge USA, UBS, MF Global, and Raymond James & Associates. More
information can be accessed at www.shadowfinancial.com.
Note to editors: Trademarks and registered trademarks
referenced herein remain the property of their respective owners.
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