UBS (Bahamas) Ltd. Selects Shadow Financial Systems to Support Ongoing Growth
-Shadow Financial’s Flexible, Scalable ShadowSuite Software to Help Improve Processing Efficiencies, Decrease Operational Risks and Costs-
EDISON, N.J. (March 18, 2008) Shadow Financial Systems, developers of the ShadowSuite global securities processing, reconciliation, clearing, treasury and accounting system, today announced it has been selected by UBS (Bahamas) Ltd., a wholly owned subsidiary of UBS AG, Switzerland, for derivatives processing, treasury and accounting functionality.
UBS (Bahamas) Ltd. provides a comprehensive range of private banking, portfolio management, and international corporate and trust services. The company prides itself on providing first-class customized service to its clients, who are served by multilingual client officers who are well versed in all aspects of private banking.
Don Marino, Shadow Financial Systems’ CEO, added, “Our flexible, scalable solution’s open architecture will integrate into UBS’ global infrastructure. As a result, ShadowSuite will help UBS decrease operational risk and cost while improving processing efficiency.”
Marino concluded, “Our clients turn to Shadow Financial Systems because of our responsiveness and willingness to enhance ShadowSuite’s functionality to accommodate each client’s unique needs. We deliver faster implementation times than our competitors, so our clients recognize return on their investment sooner as well as significant productivity gains.”
ShadowSuite is a highly scalable on-premise installed software solution for post-trade processing, reconciliation, clearing, settlement, treasury and accounting. Regardless of trading volume, ShadowSuite handles all combinations of currencies, financial instruments and transaction types on a real-time exception basis. ShadowSuite features deep functionality, on-demand data access and delivery and global support. ShadowSuite can be deployed as a fully integrated enterprise solution or as distinct point solutions as required. As a result, ShadowSuite can be rapidly implemented in a wide variety of environments helping to facilitate business process improvements, exception management, and generate operational cost savings.
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, Raymond James & Associates, MF Global, NYFIX International, and Belzberg Technologies. More information can be found at www.shadowfinancial.com.