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Broadridge Adds Cryptocurrency and Exchange Traded Derivatives Capabilities

By ET Bureau - October 02, 2019 1 Mins Read

Broadridge Financial Solutions, Inc., a global Fintech leader and part of the S&P 500® Index, announced that it has acquired Shadow Financial Systems, Inc., a provider of multi-asset class post-trade solutions for the capital markets industry. The acquisition builds upon Broadridge’s current industry-leading post-trade processing capabilities by adding a market-ready solution for exchanges, interdealer brokers and proprietary trading firms.  In addition, the acquisition adds capabilities across exchange-traded derivatives (ETDs) and cryptocurrency.

“The acquisition of Shadow Financial Systems is the latest example of Broadridge building upon our industry-leading capital markets solutions,” said Michael Alexander, co-head of North American Wealth and Capital Markets Solutions for Broadridge. “We look forward to bringing real benefits to a new set of market participants as well as new capabilities to our existing client base.”

“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,” said Don Marino, President of Shadow Financial Systems, Inc.



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ET Bureau

The Enterprise talk Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.

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