Broadridge Financial Solutions completed acquisition of Shadow Financial Systems.

Broadridge Financial Solutions, a $4bn global Fintech provider, completed the acquisition of Shadow Financial Systems, a provider of multi-asset class post-trade solutions for the capital markets industry. Financial terms were not disclosed. “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, Broadridge Co-Head of North American Wealth and Capital Markets Solutions.