Shadow Financial Systems Announces Details of New Margin Solution
-Technology Leader Launches New Offering Developed to Address Complexities of Strategy-based Margin Processing-
EDISON, N.J. (March 14, 2011) – Shadow Financial Systems, developers of solutions for global securities processing, reconciliation, clearing, treasury and accounting, today announced details of its newest offering: ShadowMargin™. ShadowMargin is a standalone product that provides a complete solution for Strategy-Based Reg-T and Day Trader margin processing. It can be integrated into existing clearance and settlement systems such as Shadow’s ShadowSuite® system.
The company’s flagship product, ShadowSuite, is a highly scalable, real-time, exceptions based solution for middle and back-office post-trade multi-currency, multi-asset class and multi-entity securities processing, reconciliation, clearance, settlement, treasury, and accounting. Regardless of trading volume, ShadowSuite handles all combinations of currencies, asset classes, and transaction types and can be deployed as an enterprise or point solution.
ShadowMargin is built on the same multi-asset class, multi-currency, real-time platform that is the foundation of the ShadowSuite® back-office system, allowing it to produce calls in multiple currencies intra-day as well as end-of-day. ShadowMargin is user-configurable and allows for configuration of multiple margin schedules, levels of optimization and types of calls. ShadowMargin can generate Reg-T, Money Due, Required Maintenance, Concentrated Maintenance and Equity Maintenance calls in compliance with NYSE Rule 431. ShadowMargin provides for a number of mechanisms by which calls can be met such as cash and security deposits, market appreciation and Special Memorandum Account (SMA). Additionally, extension requests can be generated for overdue margin calls and extensions can be tracked by status as well as date.
Donald Marino, CEO of Shadow Financial Systems, commented, “Shadow continues to demonstrate its ability to bring leading edge technology solutions to the global securities marketplace by rounding out our product offering with ShadowMargin. ShadowMargin integrates seamlessly with our other products or can be integrated into other back office systems with its well defined interfaces. ShadowMargin will help our clients gain efficiencies, reduce costs and expand business opportunities.”
ShadowMargin covers a variety of instruments such as equities, equity options, convertible bonds, corporate bonds, exempt debt securities and foreign exchange contracts. Connectivity is provided via an agnostic file import and messaging facilities that allow for the feeding of trades, positions, cash and account information both real-time and end-of-day. Consistent with ShadowSuite, ShadowMargin leverages Oracle’s relational database technologies.
Marino concluded, “Like our other offerings – ShadowSuite and ShadowConnect, a centralized hub for the incorporation of global trade feed handlers – ShadowMargin was developed in direct response to our clients’ feedback. We’re confident that a number of companies can benefit from ShadowMargin’s ability to automate margin processing and we look forward to demonstrating this system to them, especially at the upcoming SIFMA conference in May.”
ShadowMargin is available now. More information can be accessed by calling Joe South, Shadow Financial Systems, at (732) 877-6099.
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 platform for trading organizations. Among the Company’s clients are NYSE Arca, National Financial Services LLC, a Fidelity Investments Company, Newedge USA, MF Global, and Raymond James & Associates. More information can be accessed at www.shadowfinancial.com.