SOURCE: Cachematrix


June 28, 2011 09:00 ET

Cachematrix Trade Volume Breaks $5 Trillion Threshold

Increasing Trade Flows Signal Continuing Trend of Banks' Ability to Capture Corporate Cash

DENVER, CO--(Marketwire - Jun 28, 2011) - Cachematrix (, the leading provider of institutional money market fund trading technology for banks and financial institutions, announced today that more than $5 trillion in institutional money market fund assets have been traded through its bank channel money market trading portal technology since the firm's inception in 2004.

The money market fund industry continues to see the trend of corporations automating their short term cash management through bank portal technology. By utilizing a portal through a relationship bank, Corporate Treasurers are gaining efficiencies by not only electronically trading money funds, but also by having the ability to diversify their portfolio across additional bank products, such as Repurchase Agreements and Time Deposits, all through the same web-based portal. In addition, Treasurers have the added comfort of managing their cash through a highly regulated bank, as well as providing them with an opportunity to strengthen what is generally part of a larger overall relationship.

"It is vital for banks to provide their corporate clients with the technology needed to efficiently and securely manage their daily cash," said Cachematrix Founder and CEO, George Hagerman. "Cachematrix provides banks with a solution to seamlessly implement a web-based trading system that will automate and consolidate the investment process for their corporate clients that invest in money funds and fixed income securities."

Hagerman adds, "As corporations continue to move toward automating short term investing with their relationship banks, Cachematrix is poised to continue to fill this product gap for the banking industry. Cachematrix also helps mitigate resource constraints banks have with regard to internal IT development. As a Software as a Service provider we build, host, and maintain the system for the banks, allowing them to operate in a more profitable environment."

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 the ability 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

Contact Information

  • For Further Information Contact:
    Pete Young
    303-468-5500 x102
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