DENVER, CO--(Marketwire - Nov 13, 2012) - Cachematrix, the leading provider of money market fund, bank product trading and sweep technology for banks and financial institutions, announced today that it has launched CacheDirect, the direct to fund trading model that allows bank corporate clients direct and fully disclosed money fund investing and settlement.
With growing demand by corporate clients for direct fund settlement and fully disclosed accounts Cachematrix has developed CacheDirect, a portal solution that is licensed to banks that gives them the ability to allow their corporate customers to trade fully disclosed and settle directly with top institutional funds via a customized, bank branded portal.
Cachematrix's SaaS model allows a bank the ability to capitalize on existing, proven portal technology and provide a necessary liquidity solution for their clients, while also adding a new revenue stream for the bank. Since there is no implementation required by the bank, CacheDirect is seamless and therefore can be rolled out rapidly.
Through CacheDirect, Cachematrix will deliver a custom, intuitive, bank branded front-end system for bank corporate clients to use. Corporate treasurers will settle directly with the funds, as well as receive direct monthly statements from each fund family in which they invest.
"I realize that there are unresolved questions associated with the traditional omnibus method of settlement that most money fund portals use," said Cachematrix Founder and CEO, George Hagerman. "After listening to our bank partners and many of their Fortune 1000 clients I understood this was an area that needed to be addressed, thus we developed CacheDirect."
Hagerman adds, "CacheDirect complements our existing suite of settlement models and can be implemented as part of a bank's existing omnibus settlement framework or can be set up independently for direct settlement only."
About Cachematrix Holdings, LLC
Cachematrix is the leading "software as a service" (SaaS) provider of institutional money market, fixed income, bank product and sweep trading systems for banks and financial institutions worldwide. Cachematrix enables banks and other financial services firms the ability to offer its corporate clients on-line access to a choice of institutional funds through a convenient, single source platform for managing assets. For more information, visit www.cachematrix.com.