App now available for cash investors across
20 countries totaling over $300 Billion USD in AUM1
Cachematrix, one of the world’s largest and longest running
market platforms for cash management2, announced today that clients
of the Cachematrix by BlackRock portal will now be able to access
the liquidity marketplace via a mobile application.
Leveraging Cachematrix’s decades of experience integrating with
treasury management, bank and custody systems, Cachematrix by
BlackRock will now offer its users a multichannel experience,
providing real time monitoring of clients’ accounts with the
convenience of mobile access.
“Liquidity managers are experiencing one of the most volatile
markets in decades, and risk management is more important than
ever,” said Roland Villacorta, BlackRock’s Global Head of Cash
Management and Securities Lending. “We’ve been investing in this
technology for several years in anticipation of our clients’
evolving needs, and we’re proud to provide them with the peace of
mind that comes with a real-time view of their positions.”
Through the new mobile platform, users will have a current view
of their accounts including current positions, orders, and
historical trades. The app will also enable clients to receive real
time notification of updates to their accounts while on the-go. In
the future, Cachematrix by BlackRock clients will also be able to
place subscription and redemptions requests with their money market
funds directly through the app.
Another feature of the mobile app is its dual authorization
function, offering treasury decision makers the ability to quickly
sign off on money market subscription or redemption requests
(“orders”) placed by traders in their organizations. BlackRock
estimates that up to 60% of all orders placed on the Cachematrix by
BlackRock portal require dual authorization1.
“Timely order approvals are critical in the money market fund
space, where billion-dollar trades can happen intraday. With our
new app, liquidity managers no longer need to worry about staying
close to their desk to achieve same-day settlement," said Cindy
Bernhardt, Global Head of Cachematrix. "As we continue to see rates
rise, managers are looking for the ability to capture yield by
locking in trades conveniently and in real-time.”
“This innovation leverages the knowledge our developers around
the world have learned through building and continuously improving
the Aladdin platform,” said Lance Braunstein, Head of the Aladdin
Product Group. “We’re immensely proud to bring a new Cachematrix by
BlackRock mobile experience to the cash market for our
clients.”
The mobile application will be available to iPhone users
across the U.S., the United Kingdom, and selected EMEA
countries3.
About Cachematrix by BlackRock
Cachematrix by BlackRock is an open architecture online trading
and reporting system that allows you to place purchase and
redemption requests on money market fund (MMF) investments from
multiple fund providers, view MMF balances, access statements,
analyse reporting and more.
About BlackRock
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate.
Prepared by BlackRock Investments, LLC, member FINRA.
Unauthorized reproduction, transmission or storage expressly
prohibited. Cachematrix Software Solutions, LLC is an indirect,
wholly-owned subsidiary of BlackRock, Inc. Copyright© 2022.
Cachematrix Software Solutions, LLC. All rights reserved, U.S Pat.
Nos. 7,835,976 & 7,983,969 & 8,099,354
_______________________ 1 As of August 31, 2022 2 Cachematrix
was established in 2003 as a better way for companies to manage
their liquidity. Acquired by BlackRock in 2017, Cachematrix builds
on decades of experience, leveraging technical expertise to evolve
our technology and meet client need. Cachematrix is a platform
provider to many leading financial institutions, including
corporates, investment managers, banks, insurance, government
agencies, family offices, trusts, pensions, and more. 3 Austria,
Belgium, Cyprus, Denmark, Finland, France, Germany, Greece,
Hungary, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway,
Portugal, Spain, Sweden
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version on businesswire.com: https://www.businesswire.com/news/home/20221012005345/en/
Thomasin Bentley thomasin.bentley@blackrock.com (+1) 646
231 1769
Kristen Rivera kristen.rivera@blackrock.com (+1) 646 231
8352
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