SHADOW FINANCIAL SYSTEMS CELEBRATES 15TH ANNIVERSARY
PISCATAWAY, NJ (October 15, 2012)—Shadow Financial Systems started in 1997 as an idea. Fifteen years later, the company has established itself as the mid and back-office leader in real-time reconciliation, clearance, settlement, treasury and accounting solutions for both buy-side and sell-side firms.
Shadow Financial utilizes the most current technology available today in its software and services. The company’s signature product, ShadowSuite®, a post-trade, global securities processing system, allows clients 24/7 access to their data. The real-time data and 24/7 access is of major importance with the increasing demands of today’s regulatory oversight.
“We’ve seen growth in the demand for our products due to our fully integrated multi-asset capabilities over the old guard’s siloed approach,” says CEO Don Marino. “Today firms are looking to eliminate their exposure to out-dated legacy systems and consolidate their post-trade processing of all asset classes onto one system. Our products achieve both.”
Shadow has many long-standing clients; among them are National Financial Services LLC, a Fidelity Investments Company, NYSE Arca, Alternative Investment Solutions and Raymond James & Associates. Since its 10-year milestone in 2007, the company has more than doubled its client list adding firms such as Newedge Group and UBS among others. In order to accommodate its growth, the company has continued to increase its staff of professionals and recently expanded its headquarters. Says President Joe South, “We would to thank our dedicated staff and supportive clients for we would not be in the position we are in today were it not for your efforts and assistance.”
About Shadow Financial
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. For more information about Shadow Financial visit www.shadowfinancial.com.