SOURCE: Shadow Financial Systems, Inc.

Shadow Financial Systems, Inc.

August 28, 2013 08:00 ET

Shadow Financial Systems Adapt to Recent Market Changes With ShadowSuite 9.3

PISCATAWAY, NJ--(Marketwired - Aug 28, 2013) - Shadow Financial Systems released ShadowSuite 9.3 on August 3, enhancing its mid- and back-office solution's Large Option Positions Reporting (LOPR), Trading Activity Fee (TAF) reporting and processing for U.S. Treasury Floating Rate Notes (FRNs).

After the option markets introduced the mini and jumbo contracts earlier this year, Shadow Financial Systems made the move to ensure processing of said contracts in ShadowSuite 9.3. Option contracts can now be set up based on the standard 10, 100 or 1,000 shares, as well as flexibility to define any non-standard contract size.

Meeting the regulatory requirement for TAF reporting, ShadowSuite 9.3 automates the computation and reporting process.

Shadow Financial Systems is prepared to meet the introduction of the U.S. Treasury's FRNs as they come to market in January 2014. "Shadow supports fixed income markets globally including floating rate instruments," says CEO Don Marino. "With the introduction of U.S. Treasury's FRNs, only minor local market enhancements were required, demonstrating our flexible and forward-thinking design."

Further changes include improvements to the graphical user interface, linking users directly to Shadow's support page and the additions of manual pool allocations, automated NCAN, SBO and MD processing.

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. The Company's primary offerings in addition to ShadowSuite® are ShadowMargin™ and ShadowConnect™. For more information about Shadow Financial visit www.shadowfinancial.com or contact Joe South at (732) 877-6099.

Note to editors: Trademarks and registered trademarks referenced herein remain the property of their respective owners.