Shadow Financial Systems Included in Leading Analyst Firm’s Securities Processing Systems Report
EDISON, N.J. (November 10, 2008) Shadow Financial Systems, developers of the ShadowSuite global securities processing, reconciliation, clearing, treasury and accounting system, today announced that it was included in Gartner’s MarketScope for Securities Processing Systems Report. Shadow Financial Systems was one of 12 vendors evaluated in the report.
Shadow Financial’s global securities clearing system, ShadowSuite, is a highly scalable on-premise installed software solution for post-trade processing, reconciliation, clearing, settlement, treasury and accounting. ShadowSuite handles all combinations of currencies, financial instruments and transaction types on a real-time, exception basis.
Don Marino, Shadow Financial’s CEO, stated, “It is gratifying to be included with several of our top competitors in a report from Gartner Research, which in my opinion is known for its sage, impartial advice about the world’s leading technology products. We are striving to remain ahead of emerging trends in the clearing space so that our clients can benefit from the most advanced securities processing system on the market.”
Evaluation criteria for inclusion in the MarketScope report included market understanding, marketing strategy, offering (product) strategy, product/service, overall viability (including business unit, financial, strategy, organization) and customer experience. Gartner’s MarketScope provides specific guidance for users who are deploying, or have deployed, products or services. A Gartner MarketScope rating does not imply that the vendor meets all, few or none of the evaluation criteria. The Gartner MarketScope evaluation is based on a weighted evaluation of a vendor’s products in comparison with the evaluation criteria.
Gartner’s MarketScope for Securities Processing Systems Report is available to Gartner clients at www.gartner.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 Arca, National Financial Services LLC, a Fidelity Investments Company, Raymond James & Associates, MF Global, NYFIX International, and Belzberg Technologies. More information can be found at www.shadowfinancial.com.