Fully-Disclosed Broker Dealer Finds Solace in Shadow Financial…

Fully-Disclosed Broker Dealer Finds Solace in

Shadow Financial Systems’ ShadowSuite Solution

Solution’s Strong Accounting Capabilities Eliminates Numerous Manual Processes 

PISCATAWAY, NJ (November 1, 2016) Shadow Financial Systems, developers of ShadowSuite® the real-time, exceptions based 21st Century solution for middle and back-office post-trade processing, reconciliation, clearance, settlement, treasury and accounting, today announced that a fully-disclosed broker dealer has turned to ShadowSuite’s Software as a Service (“SaaS”) model to remove the headaches it experienced with its complex fixed income accounting requirements.

This broker dealer provides analytically driven fixed income strategies allowing its institutional clients to make their own informed investment decisions. Using Shadow Financial Systems’ 21st Century SaaS solution, ShadowSuite, has empowered the broker dealer to deliver its disciplined fixed income investment strategies in a reliable cost-effective manner.

Core to ShadowSuite is a multi-currency general ledger that is updated in real-time message-to-message. Its highly accurate yet flexible accounting functionality has provided the client with a precise, efficient and timely process by eliminating the previously necessary manual processes.

Additionally, ShadowSuite’s reconciliation expertise allowed the client to consolidate all of its trading activity into its books and records regardless of whether or not it was self-cleared.

“ShadowSuite’s fully integrated multi-currency general ledger allows clients to not only consolidate their books and records in one place in real-time but also allows them to close their books and records on a daily basis,” stated Shadow Financial Systems’ CEO Donald Marino. “ShadowSuite’s accounting constructs are a fundamental core component differentiating it from its competitors’ solutions.”

About Shadow Financial Systems

Founded in 1997 by industry professionals, Shadow Financial Systems’ 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, National Financial Services LLC, a Fidelity Investments Company, Société Générale New York Branch, and Raymond James and Associates.  More information can be accessed at www.shadowfinancial.com.

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