The Modern-Day Middle and Back-Office
Shadow Financial Systems Announces
Details of New Margin Solution
-Technology Leader Launches New Offering Developed to Address Complexities
of Strategy-based Margin ProcessingEDISON, N.J. (March 14, 2011) - Shadow Financial Systems, developers of solutions for global
securities processing, reconciliation, clearing, treasury and accounting, today announced details
of its newest offering: ShadowMargin™. ShadowMargin is a standalone product that provides a
complete solution for Strategy-Based Reg-T and Day Trader margin processing. It can be
integrated into existing clearance and settlement systems such as Shadow’s ShadowSuite®
system.
The company’s flagship product, ShadowSuite, is a highly scalable, real-time, exceptions based
solution for middle and back-office post-trade multi-currency, multi-asset class and multi-entity
securities processing, reconciliation, clearance, settlement, treasury, and accounting.
Regardless of trading volume, ShadowSuite handles all combinations of currencies, asset
classes, and transaction types and can be deployed as an enterprise or point solution.
ShadowMargin is built on the same multi-asset class, multi-currency, real-time platform that is
the foundation of the ShadowSuite® back-office system, allowing it to produce calls in multiple
currencies intra-day as well as end-of-day. ShadowMargin is user-configurable and allows for
configuration of multiple margin schedules, levels of optimization and types of calls.
ShadowMargin can generate Reg-T, Money Due, Required Maintenance, Concentrated
Maintenance and Equity Maintenance calls in compliance with NYSE Rule 431. ShadowMargin
provides for a number of mechanisms by which calls can be met such as cash and security
deposits, market appreciation and Special Memorandum Account (SMA). Additionally, extension
requests can be generated for overdue margin calls and extensions can be tracked by status as
well as date.
Donald Marino, CEO of Shadow Financial Systems, commented, “Shadow continues to
demonstrate its ability to bring leading edge technology solutions to the global securities
marketplace by rounding out our product offering with ShadowMargin. ShadowMargin integrates
The Modern-Day Middle and Back-Office
seamlessly with our other products or can be integrated into other back office systems with its
well defined interfaces. ShadowMargin will help our clients gain efficiencies, reduce costs and
expand business opportunities.”
ShadowMargin covers a variety of instruments such as equities, equity options, convertible
bonds, corporate bonds, exempt debt securities and foreign exchange contracts. Connectivity is
provided via an agnostic file import and messaging facilities that allow for the feeding of trades,
positions, cash and account information both real-time and end-of-day. Consistent with
ShadowSuite, ShadowMargin leverages Oracle’s relational database technologies.
Marino concluded, “Like our other offerings – ShadowSuite and ShadowConnect, a centralized
hub for the incorporation of global trade feed handlers - ShadowMargin was developed in direct
response to our clients’ feedback. We’re confident that a number of companies can benefit from
ShadowMargin’s ability to automate margin processing and we look forward to demonstrating
this system to them, especially at the upcoming SIFMA conference in May.”
ShadowMargin is available now. More information can be accessed by calling Joe South,
Shadow Financial Systems, at (732) 877-6099.
About Shadow Financial Systems
Founded in 1997 by industry professionals, 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
www.shadowfinancial.com.
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