Cachematrix Trade Volume Tops $620 Billion in 2007 -- Record Trade Volumes Propel Portal Provider to Its Best Year Ever
Denver, 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.
###
Related Articles:
Release Your Home Equity And Relax
If you are in desperately need of cash and you can not get approved for unsecured loans due to your bad credit history, you needn't get depressed or despair. Home equity loans can provide you with all the financing you need at very reasonable rates and with loan installments you will be able to afford with ease.
UK PayDay Loans: Instant Solution to Your Financial Problem:
Everyone is aware that unforeseen expenses can strike at any time. You can get trapped by debt in the middle of this month. You can not remove these unforeseen expenses, but what you can do is to choose a perfect way to deal with these expenses in the form of UK payday loans.
Risk and Stock Trading Fees: The Two Barriers To Overcome If You Want A Successful Trading Career.
You know the old joke:"How do you make a million in the stock market? Start with two million?"There is no way around it, risk and stock market fees are a part of trading that you can`t avoid. But, you can manage your risk.
++ Day Trading online: Fatal Mistakes To Avoid In Online Forex Currency Trading
Foreign currency trading is the most profitable and powerful way to make money today in the world.
Laser Sharp Forex Trading Intuition & Free Forex Trading Tips - How To Create A Currency Trading Strategy...
The global currency trading (forex trading) markets are available to all and sundry who would like to make big forex profits using technical and fundamental analysis and a foolproof forex strategy A mechanical strategy for trading the forex market can be downloaded from hundreds of websites across the internet, so really, no one who wants to learn to trade forex online has an excuse not to create your trading strategy from the information widely available
New Automated Forex Trading Software For Profitable Currency Trading
Successfully trading currencies on the Forex market used to demand a virtual degree in trading methodology. Now thanks to Lazy Trading, a new automated currency trading software program, profitably trading the Forex is as easy as making a few mouse clicks.
NAREIT Elects Leadership for 2008
Stein to serve as chair.
Forex Trading Tools - Developing Your Skills For Consistent Profits
Various Forex Trading Tools are available to the trader. But still traders fail to make profits even with the use of these tools. Thus, the question arises is:
Some Basic Student Loan Information
Some Basic Student Loan Information
Understanding the Forex Markets & Creating Online Currency Trading Strategies Tips Revealed!
Electronic access to the world's financial markets means that forex trading (currency trading) can now be learned by anyone wanting to trade forex online Forex trading strategies are being created and marketed to make forex day trading appeal to the mass market as a viable business option
Car Loans: Buy Car with Easy and Comfortable Loans
The borrowers who cannot afford to arrange funds for buying cars can easily apply for car loans and buy their favorite cars. These loans are available for different people with different names like bad credit car loans, car loans bad credit, mortgage car loans, logbook loans, subprime loans, remortgage car loans and many more. Usually these loans are secured. The collateral is the car itself in most cases. For other loans, house, jewellery and documents are placed as collateral. Secured loan amount is large and depends on the placed collateral. The rate of interest is low and loan term is longer. Secured loans have flexible loan features from which the borrowers can choose their suitable options.
Stock Trading - An Introduction To Stock Trading Systems & Strategies
A lot of stock traders will tell you that a stock trading strategy is very often said to be the same as a stock trading system that is designed to be used and traded in the stock market. But a stock trading strategy does involve a complete system that includes not only entry and exit rules, but stock selection, risk control and money management. For the technical stock trader, the technical approach to a stock trading strategy is based mainly on price action. The "bottom-up" stock trading strategy is the most popular fundamental method employed by analysts. You should always remember that a good stock trading strategy is both simple and practical. Once the set of rules and guidelines that make the overall stock trading strategy have be ...
Automated Trading
Automated (or Algorithmic) trading refers to computer systems that trade financial instruments without any human intervention New automated trading systems are changing both the face and the infrastructure within investment banks
Personal Loans - To Make A Personalized Financial Agenda
The phrase 'tailor-made' ought to be made for personal loans. Personal loans have become relatively easy to acquire in UK.