SVB Securities Launches New Web Based Trading System for Money Funds Powered by Cachematrix

December 2, 2008 -- Cachematrix, the leading provider of institutional money market fund trading technology to financial institutions, announced today that its technology is now powering SVB Securities’ Global Investment Portal.

With the addition of Cachematrix technology, SVB Securities is able to provide its corporate clients with cutting edge functionality to meet the needs of its extensive client base investing in money funds. This feature set includes:

  • Combined Display of Fixed Income Holdings and Money Fund Holdings
  • Integrated online statements and trade confirmations
  • DDA account drawdown with balance validation
  • Middle Office Functionality that allows SVB Securities the ability to place trades for clients at their request.
  • Straight Through Processing via integration with Broadridge Financial Solutions and Ridge Clearing & Outsourcing Solutions
  • Global Dynamic Messaging functionality

"SVB's commitment to provide the industry’s best money fund trading technology to our client base is enabled with the release of the SVB Securities Global Investment Portal,” said Lauri Moss, Head of Global Deposit & Investment Products and President of SVB Securities. “Cachematrix has helped us reach this important goal and simplify account management for our clients in addition to significantly streamlining our trading operations."

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.