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Broadridge Financial acquires Shadow Financial Systems

Fintech firm Broadridge Financial Solutions Inc. acquired Shadow Financial Systems Inc., a provider of post-trade solutions for capital markets.

The terms of the deal were not disclosed.

The deal is expected to boost Broadridge's capabilities in exchange-traded derivatives and cryptocurrency, as well as its post-trade processing capabilities, according to a release.

Alantra acted as financial and strategic adviser to Shadow Financial.