Broadridge acquires Shadow Financial Systems
01 October 2019 New York
Image: Shutterstock
Broadridge Financial Solutions has acquired Shadow Financial Systems to build on its current post-trade processing capabilities.
The acquisition adds a solution for exchanges, inter-dealer brokers and proprietary trading firms as well as capabilities across exchange-traded derivatives and cryptocurrency.
Michael Alexander, co-head of North American Wealth and Capital Markets Solutions for Broadridge, said: “We look forward to bringing real benefits to a new set of market participants as well as new capabilities to our existing client base.”
Don Marino, president of Shadow Financial Systems, said: “We are excited to join industry leader Broadridge and to better serve our clients’ evolving needs while adding the scale, deep domain expertise and technology resources that Broadridge can provide.”
The acquisition adds a solution for exchanges, inter-dealer brokers and proprietary trading firms as well as capabilities across exchange-traded derivatives and cryptocurrency.
Michael Alexander, co-head of North American Wealth and Capital Markets Solutions for Broadridge, said: “We look forward to bringing real benefits to a new set of market participants as well as new capabilities to our existing client base.”
Don Marino, president of Shadow Financial Systems, said: “We are excited to join industry leader Broadridge and to better serve our clients’ evolving needs while adding the scale, deep domain expertise and technology resources that Broadridge can provide.”
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