Shadow Financial Systems Puts Fidessa Interface into Production
– Integration of Companies’ Sell-Side Solution Provides Shadow Financial’s
Client’s with Enhanced Trade Processing Functionality –
PISCATAWAY, N.J. (May 18, 2012) – Shadow Financial Systems, developers of solutions for global securities processing, reconciliation, clearing, settlement, treasury and accounting, today announced that it put into production its interface with Fidessa Group PLC, provider of high-performance trading, investment management and information solutions for the world’s financial community, sell-side solution.
Clients who use ShadowSuite®, Shadow Financial’s highly scalable on-premise installed software or its software as a service for post-trade processing, reconciliation, clearing, settlement, treasury and accounting benefit from the product’s integration with Fidessa’s equities trading platform. Delivering sophisticated trading, market data and connectivity solutions to broker-dealers worldwide, Fidessa’s global equities platform is used by more than 85 percent of the tier-one global equity brokerage community.
The interface provides numerous advantages for Shadow Financial’s clients, such as automating the processing of trade executions. Additionally, the interface between ShadowSuite and Fidessa’s equities solution via ShadowConnect eliminates the need for organizations to manually key trades or develop their own interfaces, allowing clients to focus more time on their strategic operations.
“As Shadow Financial Systems is committed to delivering the most comprehensive post-trade solutions available, we seek to align with organizations that help us elevate the breadth of our offerings,” said Donald Marino, CEO of Shadow Financial Systems. “By interfacing ShadowSuite with Fidessa, we are able to provide our clients with greatly enhanced trade processing solutions through the company’s award-winning equities trading platform.”
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 Arca, National Financial Services LLC, a Fidelity Investments Company, Newedge USA, and Raymond James & Associates. More information can be accessed at www.shadowfinancial.com.
About Fidessa Group
Fidessa Group is a world-leading supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and global connectivity solutions for both the buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa and Fidessa LatentZero product suites are built on the clear vision of providing the richest functionality, coverage and distribution to the financial markets community.
The Fidessa suite is used by 85% of tier-one, global equity brokers providing sophisticated trading, market data, order management and execution capabilities to all tiers of the sell-side.
The Fidessa LatentZero suite is used by the world’s largest asset management firms through to smaller specialist managers and hedge funds, and provides comprehensive portfolio analysis, real-time P&L, what-if analysis, investment compliance, order and execution management, and post trade processing tools, across all asset classes, to all tiers of the buy-side.
Fidessa’s global network carries over 95 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between around 1,500 buy-sides and 255 brokers across 92 exchanges worldwide.
Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto and San Francisco, Fidessa Group serves around 22,000 users across 520 clients globally. Fidessa Group was founded in 1981, has revenues of $270m, employs over 1,100 people and has been fully listed (LSE:FDSA) since 1997.