Shadow Financial Systems Add LOPR and TAF…

Shadow Financial Systems Add LOPR and TAF Reporting Along With FRN Processing into ShadowSuite

PISCATAWAY, NJ (August 28, 2013) – Shadow Financial Systems, developers of the ShadowSuite® global securities processing, reconciliation, clearing, treasury and accounting system, today announced the addition of functionality for Large Option Positions Reporting (LOPR),Trading Activity Fee (TAF) reporting and processing of U.S. Treasury Floating Rate Notes (FRNs)

After the option markets introduced the mini and jumbo contracts earlier this year, Shadow Financial Systems made the move to ensure processing of these contracts in ShadowSuite. Option contracts can now be setup based on the standard 10, 100 or 1,000 shares, as well as the flexibility to define any non-standard contract size.

Meeting the regulatory requirement for TAF reporting, ShadowSuite has automated this computation and reporting process.

Shadow Financial Systems is prepared to meet the introduction of the U.S. Treasury’s FRNs as they come to market in January 2014. “Shadow supports fixed income markets globally including floating rate instruments.” says CEO Don Marino. “With the introduction of the U.S. Treasury’s FRNs, only minor local market enhancements were required, demonstrating our flexible and forward-thinking design.”

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. The company’s primary offerings in addition to ShadowSuite are ShadowMargin™ and ShadowConnect™. 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.

PDF