Broadridge, a leading provider of investor communications and technology-driven solutions, today 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 adds capabilities across exchange-traded derivatives (ETDs) and cryptocurrency.
In addition, the acquisition builds upon Broadridge’s current post-trade processing capabilities by adding a market-ready solution for exchanges, interdealer brokers and proprietary trading firms.
“The acquisition of Shadow Financial Systems is the latest example of Broadridge building upon our industry-leading capital markets solutions. We look forward to bringing real benefits to a new set of market participants as well as new capabilities to our existing client base.”
– Michael Alexander, co-head of North American Wealth and Capital Markets Solutions for Broadridge