SOURCE: Shadow Financial Systems

Shadow Financial Systems

September 27, 2011 07:00 ET

Shadow Financial Systems Fulfills Industry Need for Real-Time Clearing Platform With ShadowSuite Solution

PISCATAWAY, NJ--(Marketwire - Sep 27, 2011) - Shadow Financial Systems, developers of solutions for global securities processing, reconciliation, clearing, treasury and accounting, continues to build a solid reputation for delivering leading-edge technology solutions for the global securities marketplace, including the broad industry adoption of the company's flagship product, ShadowSuite®. Deployed as an enterprise or point solution, ShadowSuite is the industry's first truly scalable, multi-currency, multi-asset, multi-entity, real-time clearing platform available via software-as-a-service or client-hosted software.

According to a June 2011 research report titled, "Assessing the Market for U.S. Core Brokerage Processing Systems1," from the TowerGroup, a Corporate Executive Board company, most broker-dealers are looking for core brokerage processing that employs a single enterprise-wide system across all geographies, currencies, and products.

With enterprise-wide systems like ShadowSuite, companies can achieve greater efficiencies, better cost control, and improve financial reporting and risk management processes. ShadowSuite can function as a company's sole system for trading books and records across the operations, treasury and accounting departments or be implemented as a point solution to address specific business requirements.

"Clearly, current global market conditions are driving greater demand for back-office brokerage processing that is flexible enough to process and account for all trading opportunities and scalable enough to address the day-to-day spikes in volume while reducing transaction costs and mitigating risks. As an exception-based system, ShadowSuite is designed to provide operating efficiencies to the middle and back-offices, treasury and accounting areas. We pride ourselves on delivering the right solution for our clients, no matter what markets they are in or they contemplate entering," commented Donald Marino, CEO of Shadow Financial Systems.

The company, which recently expanded into new headquarters to accommodate its continued growth, was specifically referenced in the TowerGroup Research Note for its multi-currency processing capabilities. With the additions of ShadowMargin™ and ShadowConnect™ to its solution set, Shadow Financial can serve as the single source of information for risk, credit, regulatory and audit groups. ShadowMargin is a standalone product that provides a comprehensive, highly scalable and configurable solution for strategy-based Reg-T and Day Trader margin processing. ShadowConnect is a centralized hub for incorporating global trade feed handlers and consolidating the data into standardized trade execution reports.

More information about Shadow Financial's next-generation software-as-a-service for back-office processing can be found at:

About Shadow Financial Systems
Founded in 1997 by industry experts, 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, UBS, MF Global, and Raymond James & Associates. More information can be accessed at

1 Assessing the Market for U.S. Core Brokerage Processing Systems; June 13, 2011; Reference No. V67:10O