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Wednesday, January 21, 2009

Matrix Doubles Down on Money Markets

News summary by MFWire's editors

Matrix Settlement & Clearance Services' Money Fund Monitor just got bigger. On Wednesday the Denver-based revealed a number of enhancements to the product, with the help of the money fund specialists at iMoneyNet.

The beefed-up online service now includes a wealth of data on yields, assets, maturity duration, performance rankings, market share, portfolio composition and more.

Matrix Money Market Portal program manager Michael Rice described the move as a way to cater to "the need to understand the management and composition of a money fund portfolio and perform some level of due-diligence."

Company Press Release

Denver, CO, January 21, 2009 – Matrix Settlement & Clearance Services, LLC (Matrix), a Matrix Financial Solutions affiliate company, and leading provider of mutual fund execution and settlement services, today announced an expansion of its Money Market Portal product, Money Fund Monitor. Developed in conjunction with iMoneyNet, a leading provider of money-market mutual fund information and analysis, Money Fund Monitor™ is a browser-based, comprehensive source for daily money fund information. Highlights of Money Fund Monitor include:

  • Daily 1, 7 and 30 -day yields, assets, average maturities
  • Daily and weekly top-performing retail and institutional tables
  • Weekly market share rankings
  • Commentary on industry trends and important events
  • Portfolio composition
  • Fund fact sheets
  • Daily, weekly and monthly Money Fund Report Averages™

    Also available is the Money Fund Report Averages, which is becoming a widely- used performance benchmarking tool in the world of cash investing. "Many cash and liquidity managers use a variety of other index tools to benchmark a money market portfolio, but we believe it is important to have a full analysis of the marketplace," said Jay McLaughlin, Account Manager at iMoneyNet.

    "The money fund marketplace has changed and it is more important than ever before to have access to information when selecting money funds. Not only are institutions facing increasing pressure to find the best yields, but the need to understand the management and composition of a money fund portfolio and perform some level of due-diligence is increasingly important," says Michael Rice, Program Manager for the Matrix Money Market Portal.

    Helping financial institutions efficiently handle daily trading activity is the hallmark of the Matrix business model. The Matrix Money Market Portal service follows that objective by providing a variety of recognized money market products in a same-day trading environment, and using state-of-the-art automation features, including, reporting, confirmation, and reconciliation tools.

    To request an online demonstration of the Matrix Money Market Portal, please contact Michael Rice, Program Manager, MSCS, at 720-956-5450.

    About Matrix Financial Solutions
    Matrix Financial Solutions is one of the nation’s largest providers of products and services for third party administrators (TPA’s), financial advisors, banks and wealth management professionals. Formerly known as MG Colorado Holdings, Inc., Matrix Financial Solutions, through its wholly owned subsidiaries serves more than 300 financial institutions and over $75 billion in assets on its trading and trust platform. Based in Denver, Colorado, Matrix Financial Solutions consolidates trust, trading, communications and technology into one organization with a single focus: to deliver the most streamlined, user-friendly and cost-effective financial services to its customers. For more information about Matrix Financial Solutions, visit us online at www.matrixfinancialsolutions.com.

    About MSCS
    MSCS provides mutual fund processing and settlement services through the most automated and cost-effective transaction processing available. Serving more than 300 institutions, MSCS has over $75 billion in assets on its platform, making it one of the largest mutual fund processors in the industry.

    In 2008, the National Securities Clearing Corporation (NSCC) named MSCS the leading automated mutual fund clearing platform provider for the sixth consecutive year—setting a new industry standard.

    For more information about MSCS, visit us online at www.matrixfinancialsolutions.com.  

    Edited by: Neil Anderson, Managing Editor

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