Shadow Financial Systems Offers Efficient, Streamlined Transaction Processing…

Shadow Financial Systems Offers Efficient, Streamlined Transaction Processing with Automated Agency Settlement Solution

— ShadowSuite Customers Mitigate Risks, Reduce Costs by Automating Agency Settlement Processes for DTC, Fed and SWIFT-eligible Securities Transactions —

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.

ShadowSuite’s automated Agency Settlement solution mitigates risks, streamlines processes, eliminates spreadsheets and consolidates multiple systems into a single application for greater efficiency, better resource allocation and consolidated data. The solution provides complete front office to back office transaction processing, with tremendous efficiency at every point from trade entry to confirmation, clearing and settlement, while giving users a consolidated view of their positions and cash. It guarantees that critical messages are delivered in real time to ensure that trades are processed consistently and provides comprehensive end-of-day reconciliation.

“When managed manually, agency settlement is a tedious, complicated and time-consuming process leading to inefficiencies and mistakes. Now, ShadowSuite customers can completely automate the process from trade entry to settlement, including end-of-the day reconciliation, confirmation and client statements,” said Donald Marino, CEO of Shadow Financial Systems. “As an example, ShadowSuite’s Agency Settlement solution can accept settlement instructions from a foreign affiliate for DTC or Fed-eligible securities via SWIFT and flip them to the appropriate destination. When settlement is made, ShadowSuite will confirm it back to the affiliate via SWIFT all without any manual intervention.”

ShadowSuite’s Agency Settlement solution supports all relevant SWIFT messages, provides straight-through-processing without manual intervention, generates user-defined corporate action notifications and supports all DTC and FED-eligible securities. Backed by a team of experienced business and technical experts and built on leading technology, it can be tailored to meet the needs of trading firms of all sizes and is available as a Software-as-a-Service solution or installed on-premise.

The automated Agency Settlement module is available now. More information may be accessed at http://www.shadowfinancial.com/.

About Shadow Financial Systems

Founded in 1997 by industry professionals, 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 Euronext, National Financial Services LLC, a Fidelity Investments Company, Raymond James & Associates, MF Global, and Newedge USA. More information can be found at www.shadowfinancial.com.

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