Founded in 1997, Shadow Financial today serves customers including NYSE Arca, a subsidiary of the New York Stock Exchange; National Financial Services, a Fidelity Investments company; Société Générale’s New York Branch and Raymond James & Associates.
“The acquisition of Shadow Financial Systems is the latest example of Broadridge building upon our industry leading capital markets solutions,” Michael Alexander, Broadridge’s co-head of North American Wealth and Capital Markets Solutions, 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.”
Lake Success-based Broadridge Financial Solutions is a $4 billion global fintech copany and a part of the S&P 500 Index, providing proxy voting services for more than half of public companies and mutual funds globally.
It processes more than $7 trillion in fixed income and equity trades per day and employs more than 11,000 full-time associates in 18 countries.