Cachematrix, a provider of institutional money market fund trading technology to financial institutions, has announced that SVB Securities’s Global Investment Portal is now using its technology.
According to Cachematrix, with the addition of its technology, SVB Securities is able to provide its corporate clients with the functionality to meet the needs of its extensive client base investing in money funds.
Cachematrix has said that the technology 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; through processing via integration with Broadridge Financial Solutions and ridge clearing and outsourcing services; and global dynamic messaging functionality.
Lauri Moss, head of global deposit and investment products and president of SVB Securities, said: 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. Cachematrix has helped us reach this important goal and simplify account management for our clients in addition to significantly streamlining our trading operations.