Shadow Financial Systems Included in Leading Analyst Firm's Securities Processing Systems Report
| Source: Shadow Financial
EDISON, NJ--(Marketwire - November 10, 2008) - Shadow Financial Systems, developers of the
ShadowSuite® global securities processing, reconciliation, clearing,
treasury and accounting system, today announced that it was included in
Gartner's "MarketScope for Securities Processing Systems Report." Shadow
Financial was one of 12 vendors evaluated in the report.
Shadow Financial's global securities clearing system, ShadowSuite®, is a
highly scalable on-premise installed software solution for post-trade
processing, reconciliation, clearing, settlement, treasury and accounting.
ShadowSuite handles all combinations of currencies, financial instruments
and transaction types on a real-time, exception basis.
Don Marino, Shadow Financial's CEO, stated, "It is gratifying to be
included with several of our top competitors in a report from Gartner
Research, which in my opinion is known for its sage, impartial advice about
the world's leading technology products. We are striving to remain ahead of
emerging trends in the clearing space so that our clients can benefit from
the most advanced securities processing system on the market."
Evaluation criteria for inclusion in the MarketScope report included market
understanding, marketing strategy, offering (product) strategy,
product/service, overall viability (including business unit, financial,
strategy, organization) and customer experience. Gartner's MarketScope
provides specific guidance for users who are deploying, or have deployed,
products or services. A Gartner MarketScope rating does not imply that the
vendor meets all, few or none of the evaluation criteria. The Gartner
MarketScope evaluation is based on a weighted evaluation of a vendor's
products in comparison with the evaluation criteria.
Gartner's "MarketScope for Securities Processing Systems Report" is
available to Gartner clients at www.gartner.com.
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, Raymond James &
Associates, MF Global, NYFIX International, and Belzberg Technologies. For
more information, please visit www.shadowfinancial.com or contact Joe South
at (732) 225-6800, ext. 270.