DENVER, March 3, 2010 - Cachematrix (www.cachematrix.com) the leading provider of institutional money market fund trading technology for banks and financial institutions, announced today that more than $3 Trillion in institutional money market fund assets have been traded through its software and customized trading systems.
These levels of growth are indicative of the increased emphasis banks are placing on using technology in their daily operations. This innovative web-based technology allows banks to automate the investment process for their corporate clients who invest in money funds and fixed income securities with the bank. Banks and financial institutions are partnering with Cachematrix to assist them in achieving this goal which helps all parties significantly streamline their trading and reporting operations.
“As the industry continues to trend toward full automation, Cachematrix is well positioned to continue to capture market share,” said Cachematrix Founder and CEO, George Hagerman. “We are in the unique position of being the only Software as a Service provider in the portal space. This means Cachematrix is able to provide banks with the customized solutions they need to function more efficiently, and by hosting and maintaining the systems for them it allows them to operate in a more profitable environment.”
Hagerman adds, “We are in exciting times as more and more financial institutions look to restructure and modernize their investment operations. As institutions move to address these technology needs and subsequently recognize the revenue producing power money market portals are capable of providing we expect and look forward to continued growth.”
About Cachematrix
Cachematrix is the leading financial software provider (SaaS) of online 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
www.cachematrix.com.
