Shadow Financial Systems Reviewed by Leading Industry Analyst Firm
EDISON, N.J. (January 24, 2007) Shadow Financial Systems, developers of the ShadowSuite global securities processing, reconciliation, clearing and brokerage accounting system, today announced that ShadowSuite recently was evaluated by Gartner, Inc., a research and advisory firm . ShadowSuite provides a global or domestic trade processing, reconciliation, clearing and accounting system that handles all back office and accounting requirements.
“We are pleased that Gartner has provided an impartial and balanced overview of our ShadowSuite product,” said Don Marino, CEO of Shadow Financial Systems. “We believe that any size organization can benefit from ShadowSuite’s ability to manage complex transactions and trade volume requirements. As we build our client base, reports and evaluations such as Gartner’s help us to improve upon our existing technology and, in our opinion, validate our customers’ support of our product.”
ShadowSuite operates on the Windows platform using Oracle relational database technology and features real-time interfaces to DTCC, FICC, OCC, The Bank of New York and SWIFT.
The full Gartner product review is available for purchase at www.gartner.com.
ShadowSuite is a highly scalable on-premise installed or ASP provided software solution for post trade processing and brokerage accounting. Regardless of trading volume, ShadowSuite handles all combinations of currencies, financial instruments and transaction types, and is a real-time, fully integrated, exceptions based, multi-currency, global securities processing, clearing, reconciliation and brokerage accounting system. Unlike many other systems, ShadowSuite maintains every position in its originally traded currency in real-time.
ShadowSuite operates on the Windows platform, using Oracle relational database technologies. It utilizes a three-tier client/server architecture, which provides flexible and scalable infrastructure that can grow as a client’s business expands.
Trades can be entered from one easy-to-use screen with ShadowSuite’s intuitive Windows-based point and click user interface or through the extensive API provided to their clients. ShadowSuite tracks all purchases and sales, deliveries of securities and money through banks, reconciles positions with outside firms, and maintains an integrated general ledger and stock record.
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 and numerous other brokerage firms. For more information, please visit www.shadowfinancial.com.