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Shadow Financial Systems Sees Growing Demand for ShadowSuite as Service Offering

By Carolyn J Dawson
TMCnet Contributor

Shadow Financial Systems, developer of ShadowSuite, reports increasing demand for its Software as a Service (SaaS (News - Alert)) offering. ShadowSuite is a global securities processing, reconciliation, clearing, treasury and accounting system.

Earlier, ShadowSuite was exclusively available as a traditional client-hosted software implementation. The financial and technology requirements of trading organizations which are not prepared to host their own back office systems has been addressed by Shadow Financial, by providing subscription-based access to its highly scalable software solution. ShadowSuite On-Demand, at no additional costs can be rapidly implemented and upgraded regularly. It also does not require dedicated IT resource and hardware investments. The Web-based system is securely accessible through dedicated circuits or secured VPN over the internet. This system can be deployed across the enterprise or as a point solution.

Donald Marino, CEO, Shadow Financial Systems says that the company has been constantly looking for ways to bring added value to its clients. He further said that during the recent economic conditions, many organizations have been burdened with exceeding expectations without any increase in budget. Having the full power of ShadowSuite in an on-demand model helps these already burdened companies to quickly achieve results without making any capital expenditure.

ShadowSuite handles all combinations of currencies, financial instruments, and transaction types regardless of the trading volume. ShadowSuite is a real-time, fully integrated, exceptions-based, multi-currency, global securities processing, clearing, reconciliation, treasury and accounting system. ShadowSuite supports equities, fixed income and derivatives. It supports securities lending, traditional repo, tri-party and GCF repo, swaps, etc. Another convenient feature is that all reports can be run as needed, rather than waiting for end-of-day processing.

Different from other vendor solutions which reduce the functionality in the on-demand version of their application, there is no difference in functionality between Shadow Financials client-hosted software model and its SaaS offering.

Shadow Financial Systems was founded in 1997 by industry experts. Comprehensive post trade processing, treasury and accounting functionality on a cost-effective platform for trading organizations has been provided by Shadow Financials technology. The Company's elite client list includes NYSE Arca (News - Alert), National Financial Services LLC, a Fidelity Investments Company, Newedge USA, UBS, MF Global, and Raymond James & Associates. For more information visit http://www.shadowfinancial.com/.