US financial firm Raymond James has deployed Shadow Financial System's ShadoSuite to support its multi-currency trade processing, clearing and settlement for international transactions.
Shadow Financial says the implementation includes Swift-based communication among counterparties and an interface to Raymond James' core accounting system.
Jay Phillips, vice president of international trading, research & operations, Raymond James, says: "Its multi-currency functionality supports both dollar and native currency accounting, which enables us to integrate our international business with our core systems and provide detailed reporting to our clients.
"ShadoSuite provides the company with the ability to significantly improve straight-through processing for our international activities."