CacheMatrix Holdings, LLC, a provider of institutional money market fund trading technology to many of the world’s largest banks and financial institutions, has added multi-currency functionality to its money fund portal offering.
“Commerce doesn’t stop at the water’s edge and companies increasingly are competing in a global economy that requires them to move seamlessly from one currency to the next,” says George Hagerman, founder and CEO of CacheMatrix. “Our multi-currency enhancement provides banks with a powerful answer to the demand for a global money fund solution.”
The new multiple currency functionality allows bank clients to trade, monitor and manage money market funds of multiple currencies in a single account; sort portfolio summaries by currency denomination; and research funds in aggregated or delineated view by currency.