Denver (PRWEB) January 24, 2008
Denver, January 24, 2008 - CacheMatrix Holdings, LLC (http://www.cachematrix.com), the leading provider of institutional money market fund trading software for banks and financial institutions, today added a powerful new feature to its trading software. The new online "Dual Trade Authorization" enhancement provides corporate and treasury clients of banks and financial services firms with a secure Web-based tool that streamlines Sarbanes-Oxley and investment compliance requirements.
The software enhancements include:
- Dual Authorization: Software functionality that requires a secondary approval process on-line before the trade is actually submitted.
- Email Notification and Alert System: Customized software module that alerts, blocks or holds a trade until reviewed or secondary approval is obtained.
- Audit Trail: A customizable reporting feature that provides corporate treasurers with an on-line audit trail of all dually authorized trades. Reporting includes a time stamp of when the trade was placed, user name of the person placing the trade and tracking of the trade approval or rejection. CacheMatrix's detailed tracking software allows for full transparency of all activity for the life of the account down to the user level.
"Corporations have demanded an automated secondary approval process and CacheMatrix is the first in the industry to offer a fully automated on-line version of this feature," said Kevin Sun, CTO of CacheMatrix.
The enhancement expands the existing suite of corporate compliance and Sarbanes-Oxley -related services available through CacheMatrix software. These services also include a fully automated compliance module that allows treasurers to set their internal investment policy on-line to ensure adherence to their guidelines.
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. For more information, visit http://www.cachematrix.com.
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