Electronic Fixed Income Trading Venue Embraces
Shadow Financial Systems’ ShadowSuite Solution
Solution Allows Trading Platform to Transact Its Fixed Income Businesses in Real-Time
PISCATAWAY, NJ (July 31, 2017) Shadow Financial Systems, developers of ShadowSuite® the premier real-time, exceptions based solution for middle and back-office post-trade processing, reconciliation, clearance, settlement, treasury and accounting, today announced that a fixed income trading venue has gone live with ShadowSuite’s Software as a Service (“SaaS”) model to transact its electronic fixed income business in real-time.
ShadowSuite’s comprehensive fixed income product coverage regardless of currency was an important requirement by the client given the depth and breadth of the fixed income products offered on its electronic trading platform.
The firm took advantage of ShadowSuite’s SaaS offering to upgrade its electronic fixed income trading platform to enable institutional and broker dealers to trade on its venue in real-time.
Shadow Financial Systems’ SaaS offering is the only one in the market using cost-effective 21st Century technology and includes all hardware, communications lines and database licenses in both the production and disaster recovery sites.
ShadowSuite is real-time exceptions based post-trade processing that improves processing efficiency because it does during the current day, message-to-message, what its competitor’s legacy systems do in their “overnight batch cycle”.
“ShadowSuite’s real-time messaging capability and extensive fixed income product coverage enabled the client to enhance it trading platform giving it a competitive advantage,” commented Shadow Financial Systems’ CEO Donald Marino. “We are excited to have another fixed income trading venue in production on ShadowSuite.”
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 SaaS platform for firms that trade securities. Among the Company’s clients are NYSE Arca, Fidelity Clearing and Custody, a Fidelity Investments Company, Société Générale New York Branch, and Raymond James and Associates. More information can be accessed at www.shadowfinancial.com.