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Shadow Financial Announces Availability of New Business Process Management White Paper

- Industry initiatives to shorten the life cycle of a trade are nothing more than applying business process management theory to the trade life cycle say experts at Shadow -

EDISON, N.J. (June 1, 2006) -- Shadow Financial, developers of the ShadoSuite® global securities processing and accounting system, today announced the availability of its white paper on enterprise business process management (BPM). The company’s white paper examines the evolution of automation within the securities industry, providing an overall history of operational challenges, and the productivity gains and cost savings created by automating the life of a trade.

Shadow Financial’s President Joe South commented, “At Shadow, we know that a polished operation from trade initiation through trade settlement and accounting removes the need for staff to touch every transaction. This manual intervention is error prone, time consuming and costly. With trading volumes on the rise, legacy systems at trading organizations and outsourcing providers simply don’t cut it anymore. Today’s technology is inexpensive and its capabilities – both hardware and software – far exceed that of decades ago. Savvy organizations are analyzing their back office and accounting departments through an enterprise-wide business process management lens. Processing global trades real-time requires a technology-based solution that can provide real-time visibility. This white paper provides valuable information detailing why technology is so important when managing the life of a trade.”

Shadow Financial’s flagship product, ShadoSuite®, is a highly scalable, on-premise software solution for post trade processing. Regardless of trading volume, ShadoSuite® handles all combinations of currencies, financial instruments and transaction types, and is a real-time, fully integrated, exceptions-based, multi-currency, global securities processing, clearing, reconciliation, and accounting system. ShadoSuite® is used by firms such as Archipelago, Raymond James, and National Financial Services, among others.