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Cachematrix by BlackRock Launches New Mobile App for Liquidity Investors
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Cachematrix by BlackRock launches a new mobile application for cash investors, enabling access to a liquidity marketplace across 20 countries with over $300 Billion USD in AUM.1 The app allows real-time monitoring of accounts, order approvals via dual authorization, and future subscription requests to money market funds. BlackRock executives emphasize the importance of risk management in today’s volatile market.
The mobile app is now available to iPhone users in the U.S., UK, and select EMEA countries, enhancing client experience and operational efficiency.
Positive
Launch of a mobile app enables access to a liquidity marketplace in 20 countries.
Real-time monitoring of accounts and order approvals improves operational efficiency.
The app enhances risk management capabilities for liquidity managers.
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None.
App now available for cash investors across 20 countries totaling over $300 Billion USD in AUM1
NEW YORK--(BUSINESS WIRE)--
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.
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1 As of August 31, 2022 2Cachematrix 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.
3Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden
