Home Add to Favorite Contact Submit  
           29 March, 2024


    
Category:  Press » Computers

 

Belzberg Technologies to Offer Full Clearing Services Using Shadow Financial's ShadoSuite as Back Office Clearing Solution for its Broker Dealer Subsidiary

Popularity:
         Views: 1608
2007-05-23 08:54:53     
Shadow Financial Services; Belzberg Technologies Inc.

Belzberg Technologies Inc. (TSX - BLZ), a provider of technology-based equity and options trading services, announced today that it has selected ShadoSuite as the back office clearing solution for the clearing business of Electronic Brokerage Systems, LLC, its wholly owned U.S. broker-dealer.

"Our decision to expand our offering to include full clearing services for our clients represents an important revenue and growth opportunity that our company is now well positioned to execute on," stated Sid Belzberg, Chief Executive Officer of Belzberg Technologies. "The ability to offer our customers full clearing services with state-of-the-art technology is a logical and important extension of our business that, in conjunction with our current products and services, positions the company strategically for a long-term, sustainable growth." He continued, "ShadoSuite will integrate seamlessly into our existing operation. Its straight-through-processing functionality on a cost-effective, scalable platform fits well with our current expansion of our product offerings and will be an integral part of our drive to grow our business."

Don Marino, CEO of Shadow Financial, said, "We're pleased to welcome Electronic Brokerage Systems, LLC to Shadow's growing client base. Their decision to implement ShadoSuite is consistent with what we're seeing in the market - the move away from expensive outsourced solutions to a flexible on-premise system that provides the benefits of efficient real-time operational controls, the ability to scale or grow with the business and real-time access to their data."

Designed to process business the way business is conducted, ShadoSuite is unlike any other product available in the market today. Handling all combinations of currencies, financial instruments, and transactions types, ShadoSuite receives execution files from client front-end trading systems and reconciles them electronically with external organizations. ShadoSuite also provides on-line tools for staff to correct exceptions identified by the system, ensuring timely and accurate settlement of all securities traded along with correctly accounting for all this activity. As a result, ShadoSuite is the solution of choice for those companies seeking to self-clear, quickly and cost-effectively.

About Belzberg Technologies

Belzberg Technologies Inc. is a provider of technology-based brokerage services, trading equities and options through Electronic Brokerage Systems (EBS), Belzberg Technologies' wholly owned agency-only broker-dealer. EBS is a member of most North American stock exchanges, options exchanges and clearing organizations, including the NYSE, NASDAQ, CBOE, NSCC and OCC. Using Belzberg's suite of integrated trading tools and network connectivity, Belzberg's customers have direct access to all North American equities and options markets. The firm's client-base includes over 200 leading U.S. and international brokerage houses and financial institutions. Belzberg Technologies is listed on the Toronto Stock Exchange (Ticker - BLZ) - additional information is available at http://www.belzberg.com.

About ShadoSuite

ShadoSuite is a highly scalable on-premise installed software solution for post-trade processing, clearing and accounting, regardless of trading volume, currency combinations, financial instruments and transaction types. ShadoSuite features deep functionality, on-demand data access and delivery and global support. ShadoSuite can be deployed as a fully integrated enterprise solution or as distinct point solutions as required. As a result, ShadoSuite can be rapidly implemented in a wide variety of environments, helping facilitate business process improvements, exception management, and generate operational cost savings.

About Shadow Financial Services

Founded in 1997 by industry experts, Shadow Financial's technology provides comprehensive post trade processing and accounting functionality on a cost-effective platform for trading organizations. The Company's clients include NYSE Arca, National Financial Services, Raymond James & Associates, InTrade Group and Maple Securities. For more information, please visit http://www.shadowfinancial.com or contact Joe South at (732) 225-6800, ext. 270.

Forward-Looking Statement Disclaimer

Except for historical information contained herein, the matters discussed in this press release are based on forward-looking statements that involve risk and uncertainty. A variety of important factors could cause results to differ materially from such statements, including but not limited to economic, competitive, governmental and technological factors affecting the company's operation, markets, products, prices and other factors.

Specialized in: Shadow - Shadow Financial - Shadosuite - Shadowsuite - Shadow Suite - Front Office - Middle Office - Back Office - Securities Processing Software - Securities Processing - Financial Software
URL: http://www.shadowfinancial.com
Print press release      Bookmark this page
Related Press releases 
International A' Computer Graphics and 3D Model Design Awards Last Call for Nominations to the 7th Edition of Competition (Popularity: ): Como, Italy - February 10, 2017 -- A' Design Award & Competition has released its call for entries to A' International Computer Graphics and 3D Model Design Awards for Computer Graphics Designers, 3D Modellers, Rendering Companies, Production Houses and Visualization Agencies worldwide. Both concept and realize projects are welcome to be nominated, designs that were imagined within the last 10 years are eligible to the entry.The A' International Computer Graphics ...
Checkmate Launches The Total Track™ System for Construction, Restoration, and Cleaning Companies. (Popularity: ): May 9, 2015 / Redmond, Washington/ DSI has announced low cost Turn Key Systems for the construction, restoration, and cleaning industry based the latest bar code technology.About Dynamic Systems (DSI) In business since 1981, DSI provides bar code tracking systems for tools, maintenance, equipment, documents, work orders, inventory, and ID badge systems. Bar code data collection has been proven to be the most accurate and efficient method of tracking or ...
Checkmate Launches The Total Track ™ System for Aviation. (Popularity: ): July 2, 2014 - Redmond, Washington -- Dynamic Systems, Inc., a leader in Barcode Software Solutions and specializing in data collection applications has announced a low cost Turn Key System for the Aviation / MRO / FBO industry based the latest bar code technology.About Dynamic Systems (DSI) In business since 1981, DSI provides bar code systems that track tools, maintenance, equipment, work orders, inventory, capital assets, and job costing. Bar ...
Always Time Friendly, the Premier Custom Computer Designer, Launches New Website (Popularity: ): Saint Petersburg, FL _ July 17, 2013 -- Always Time Friendly, the leading ecommerce custom computer design company based in Saint Petersburg, Florida, announces the launch of its new and improved website. This new site has a wide range of new features, added to create a user friendly and easy to navigate environment for consumers and gamers alike.A completely new shopping cart has been created to improve user experience. For ...
RMA Electronics, Inc. Announces Release Imperx Bobcat Series Cameras with HD-SDI (Popularity: ): Hingham, Massachusetts, May 4, 2014: RMA Electronics, a world-wide distributor for Imperx, is pleased to announce the introduction of Bobcat series cameras with HD-SDI output. HD-SDI format takes high definition video using standard coax cable (typically with BNC connector) and allows long distance runs up to 500 feet. Since many existing security installations already utilize BNC coax cabling, this transition from standard definition to high definition using HD-SDI is made ...


Related Business 
Clearing House Inter-Bank Payments System (Popularity: ): A subsidiary of the New York Clearing House, CHIPS is a bank-owned competitor to FedWire.
Options Clearing Corporation (Popularity: ): A clearing organization of financial derivatives instruments. Contains options data, calendars and publications.
NEXT Financial Group (Popularity: ): An independent broker/dealer offering back office support and ownership opportunities for financial advisors.
Scottish Clearing Banks (Popularity: ): The Committee of Scottish Clearing Bankers, which is the representative body of the four Scottish clearing banks. Site includes sections on the history of banking in Scotland and on aspects of Scottish banknotes.
The Linn Group Inc. (Popularity: ): A professional clearing services and research group. They provide clearing services to brokers as well as execution and market analysis for large institutional and commercial clients.
Spirit Releasement Depossession (Popularity: ): Remote and In-Person Spirit Entity Depossession/Clearing for individuals, families, pets, objects, home, and property is available by appointment. Gentle and effective and clearing of earthbound spirits, shells, elementals, demons, negative thought forms and emotions. House and workplace clearing and purification of every kind of detrimental energy.
Clearstream (Popularity: ): Offers clearing and custody services for international and domestic financial securities.
Australian Payments Clearing Association (Popularity: ): APCA manages Australian payments clearing and settlement systems, policies, regulations and procedures.
HeartSpark (Popularity: ): Transformational Psychotherapist offering assistance in soul reading and clearing, soul relationships, archangels and spirit guides, chakra patterning, illusions, decording, soul contracts, and house and work space clearing.
Electronic Payments Network (Popularity: ): Private Automated Clearing House Operator owned and governed by financial institutions that provides processing services for all types of financial institutions.