Our multi-currency enhancement provides banks with a powerful answer to the demand for a global money fund solution.
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Denver (PRWEB) May 15, 2007 –-
CacheMatrix Holdings, LLC, the leading provider of institutional money market fund trading technology to many of the world’s largest banks and financial institutions, today announced it has added mutli-currency functionality to its money fund portal offering.
“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,” said George Hagerman, Founder and CEO of CacheMatrix. “Our multi-currency enhancement provides banks with a powerful answer to the demand for a global money fund solution.”
With its cutting edge user interface, the new multiple currency functionality allows bank clients to trade, monitor and 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 enhancements also offer secure and flexible product architecture, and sophisticated custodian system integration with Fed Wire and SWIFT messaging capability.
The software enhancement comes at a time when CacheMatrix is experiencing record growth in adoption of its patent-pending technology by banks and financial institutions. These technology solutions include customized money fund portals, custom built on-line trading for the institutional fixed income markets, as well as variable NAV or mutual fund trading, and “MbOX™”, technology providing banks, broker/dealers and mutual fund families with real time trading activity and analytics.
In the first four months of 2007, CacheMatrix has more than doubled its client base – which includes several of the largest banks and financial institutions in the world, as well as leading hedge fund administrators, custodians and mutual fund companies – and has seen a doubling of institutional money fund assets that are traded through financial institutions that use the CacheMatrix portal technology.
About CacheMatrix Holdings, LLC
CacheMatrix is the leading financial software provider (SaaS) of on-line 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 its corporate clients on-line 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 http://www.cachematrix.com.
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