SOURCE: Shadow Financial Systems

Shadow Financial Systems

December 06, 2012 08:00 ET

ShadowSuite 9.0 Provides More Functionality for International and Domestic Users

PISCATAWAY, NJ--(Marketwire - Dec 6, 2012) - Shadow Financial Systems released version 9.0 of the mid- and back-office solution ShadowSuite® on Nov. 30. Based on feedback from clients, the company developed numerous enhancements, including tracking rights of substitution, bonds trading with negative accrued and U.K. regulatory reporting.

Most notably, Shadow Financial Systems developed and implemented a multi collateral substitution component for ShadowSuite's existing repo module. The system captures the arrangement and references it for future substitutions, preventing possible errors caused by manually tracking substitutions.

Developments to the fixed income accounting module look to impress international users trading bonds with negative accrued, specifically those bonds from Australia, Ireland, New Zealand, Sweden and the U.K. Additionally, 9.0 features automated Financial Services Authority (FSA) reporting of trades for reportable instruments and transactions.

Version 9.0 is Shadow's fourth-quarter release and comprised of 20 new additions and improvements. "It has been a very productive year," says CEO Don Marino. "With our increased staff, we've been able to move forward very aggressively and are already well under way with our next release."

About Shadow Financial
Founded in 1997 by industry professionals, Shadow Financial's technology provides comprehensive, real-time post-trade processing, treasury, clearance, settlement and accounting functionality on a cost-effective platform for trading organizations. 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.

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