Shadow Financial’s ShadowSuite Adds Functionality For International Users
PISCATAWAY, NJ (December 6, 2012) – Shadow Financial Systems developers of the ShadowSuite® global securities processing, reconciliation, clearing, treasury and accounting system, today announced its expanded international processing capabilities for bonds trading with negative accrued interest and for firms with U.K. regulatory reporting requirements.
ShadowSuite has been expanded to handle bonds with negative accrued interest, specifically those bonds from Australia, Ireland, New Zealand, Sweden and the U.K.
Additionally, ShadowSuite has added automated Financial Services Authority (FSA) reporting of trades for reportable instruments and transactions.
“It has been a very productive year,” says CEO Don Marino. “With our increased staff, we’ve been able to move forward very aggressively and are already well under way with our next quarterly release.”
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.