Denver, CO (PRWEB) February 12, 2008
CacheMatrix Holdings, LLC (http://www.cachematrix.com), the leading provider of institutional money market fund trading technology for banks and financial institutions, announced today it has added a customizable compliance feature to its money market portals and trading platforms.
Each bank and financial institution that utilizes CacheMatrix's software will now be able to offer its corporate customer base a solution that will further assist with Sarbanes Oxley (SOX) requirements.
The compliance feature is specifically designed to provide corporations with an automated way to comply with internal investment policy, as well as address the regulatory and reporting requirements of SOX.
The main features of the compliance module include:
- Maximum Dollar Amount per Fund: Allows a corporation to set a dollar limit to what it can invest in any one fund by single account or across a grouping of accounts
- Maximum Percentage of Fund Owned: Allows a corporation to set a percentage limit to what it can invest in any one fund by single account or across a grouping of accounts.
- "Block Trade" or "Alert Trader" Setting: If a trade is made in violation of a set limit, the system will either block the trade or alert.
- Audit Trail: The customizable reporting feature provides a corporation with an on-line audit trail of any compliance violations or alerts that were triggered up to the life of the account.
"One reason so many banks and financial institutions have turned to CacheMatrix is to help their corporate customers streamline the regulatory and reporting requirements of Sarbanes Oxley," said Jim Etten, Director of sales at CacheMatrix. "Having this compliance module in place will strengthen a corporation's compliance with SOX by providing an automated way to track and audit compliance to their investment policy."
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.