Cachematrix Trade Volume Tops $620 Billion in 2007

Released on: March 18, 2008, 11:29 am

Press Release Author: Cachematrix

Industry: Financial

Press Release Summary: Record trade volumes propel portal provider to its best year
ever.

Press Release Body: Denver, CO -March 18, 2008-Cachematrix Holdings, LLC, the
leading provider of institutional money market fund trading software and back office
solutions for banks and financial institutions, announced today that more than $620
billion in institutional money market fund assets were traded through portals and
customized trading systems powered by its software through 2007.

The exponential jump in trade volumes in 2007, which increased 375 percent in terms
of assets, set a new volume record for Cachematrix. The increase reflected the
addition of new bank and financial services customers who have incorporated
Cachematrix\'s institutional money market trading software into their product
offering.

"2007 was a breakthrough year for Cachematrix, as leading financial institutions
fully embraced our technology solutions," said Cachematrix Founder and CEO George
Hagerman. "In total, four of the top 10 global banks, and domestically, six of the
top 100 U.S. banks, use Cachematrix technology. Three of the world\'s top 10
investment banks also have incorporated our trading technology as well."

"With corporate cash investments in money funds reaching record levels, and Sarbanes
Oxley regulations driving greater automation, money market trading software for
banks and financial institutions are a must-have service that is being demanded by
corporate and institutional clients," added Cachematrix Chief Technology Officer
Kevin Sun.

"Our world-class development approach and Software as a Service (SaaS) model provide
for complete customization of web-based front-end trading software systems, as well
as a host of back office solutions for global banks and financial institutions."

2007 Highlights
In addition to its record trade volume, Cachematrix in 2007 more than doubled its
client base. The firm also integrated its portals and customized trading systems
into many leading treasury workstations, further assisting the trading and reporting
for many underlying Bank corporate clients. Cachematrix also achieved SAS 70 Type II
Certification.

Software enhancements in 2007 include:
. Compliance trading module
. Dual authorized trade module
. Customized Email \"Notification\" system
. Future dated 24/7 trading module
. Multi-currency functionality
. Advanced \"Customizable reporting module\".

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
www.cachematrix.com.

# # #


Web Site: http://www.cachematrix.com/

Contact Details: Morrison Shafroth
Communications Strategy Group
720-470-3653
mshafroth@csg-pr.com

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •