Shadow Financial Services Corp., developers of the ShadoSuiteÂ® global securities processing, reconciliation, clearing and accounting system, today announced that Man Financial has selected ShadoSuite to support its global equity businesses.
Man Financial, the brokerage division of Man Group plc, is one of the world's leading providers of brokerage services with offices in key financial centers. The division provides intermediary and matched principal broking and other related services to a worldwide client base, ranging from financial institutions, asset managers and industrial groups to professional traders and private clients.
Man Securities Inc. Senior Vice President Rich Gill commented, âShadow Financial was able to provide us with a flexible, scalable, and cost effective solution which will help us support our global equity businesses. Shadowâs ability to support both our SWIFT and DTC settlement requirements, respond to our requests for modifications to functionality and deliver a customized solution within our tight time requirements was impressive and critical factors in our selection of Shadow.â
Don Marino, CEO of Shadow Financial, stated, âI am pleased to welcome Man Financial to our growing list of clients. We are happy to once again show the flexibility and depth of ShadoSuiteâs architecture, this time in meeting Manâs unique requirements. As Man continues to leverage market opportunities, Shadow will be there to support any market that they pursue.â