Interdealer Broker Expands Use of Shadow Financial Systems’ ShadowSuite…

Interdealer Broker Expands Use of Shadow Financial Systems’ ShadowSuite to Include Corporate Bonds Functionality Solution Allows Broker to Further Integrate its Dealer Broker Businesses

PISCATAWAY, NJ (November 12, 2013) – Shadow Financial Systems, developers of the ShadowSuite® global securities processing, reconciliation, clearing, treasury and accounting system, today announced that a current interdealer broker client has successfully expanded the use of ShadowSuite to clear its corporate bonds business.

The client’s vision from the beginning was to modernize the post trade processing of all the products it brokers for the industry. With its mortgage-backed securities business migration complete the client shifted its attention to corporate bonds. Adding corporate bonds meant one less legacy vendor solution to rely upon.

ShadowSuite’s corporate bonds functionality interacts in real-time with both NSCC and DTC. ShadowSuite is an innovative middle and back office solution that improves processing efficiency because it does during the day, via messaging, what its legacy competitors do in their “overnight batch cycle”.

Shadow Financial System’s CEO Don Marino said, “ShadowSuite is the only multi-asset post trade processing solution fully integrated onto one relational database available in the market today. This client is another example of an industry leading participant adopting ShadowSuite as its enterprise-wide post trade solution.”

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 any firm trading securities. 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

 

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