Enhancements meet demand for a total trading solution for global treasury operations.
Denver (PRWEB) July 25, 2007 -- CacheMatrix Holdings, LLC (www.cachematrix.com), the leading provider of institutional money market fund trading technology to financial institutions, today added powerful new features to its trading portal that provide global cash management solutions for corporate treasurers and other institutional money fund investors.
The enhancements, aimed at helping CacheMatrix’s bank and financial services customers better serve their multinational corporate clients, include:
- 24/7 Trading: Cash managers can now trade money funds around the clock, allowing for execution efficiencies that are not hindered by the location of the manager, or the closing time of a particular fund.
- Future-Dated Trading: The advanced trading software enables managers to place trades outside normal market hours and specify which day in the future the trade should be made—even making it possible to place trades and manage cash during market holidays or vacation.
“Globalization continues to drive innovation in treasury departments around the world,” said CacheMatrix Founder and CEO George Hagerman. “As more and more multinational corporations seek to streamline their global treasury operations, our software enhancements provide the solution—allowing the management of key treasury and investment functions from a single location.”
The enhancements expand the existing suite of global services at CacheMatrix that include multicurrency functionality that allows cash managers to manage money market funds of multiple currencies in a single account; sort portfolio summaries by currency denomination; and research funds in aggregated or delineated view by currency.
The software additions are also helping to fuel growth at CacheMatrix. In the first half of 2007, the company has more than doubled its list of clients—adding several of the world’s largest multinational banks and financial institutions. The company has also seen exponential growth in the amount of institutional money fund assets that are traded through financial institutions that use the CacheMatrix portal technology.
“Commerce doesn’t stop at the water’s edge and companies increasingly are competing in a global economy that requires them to move seamlessly from one currency to the next and one marketplace to the next,” said Hagerman. “We will continue to provide banks and other financial institutions with the enhancements needed for a global money fund solution.”
About CacheMatrix Holdings, LLC
CacheMatrix is the leading financial software provider (SaaS) of online institutional trading systems for banks and financial institutions worldwide, providing turnkey solutions for money market portal technology, as well as fixed income and variable NAV trading systems. CacheMatrix enables banks and other financial services firms to offer their corporate clients online access to a choice of institutional funds and a convenient, single source platform for managing them, including access to comprehensive analysis, online trading, and account management. For more information, visit www.cachematrix.com.
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