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.”
