"SVB Securities Launches New Web Based Trading System for Money Funds Powered by Cachematrix" says a press release. Cachematrix, "the leading provider of institutional money market fund trading technology to financial institutions," said yesterday "that its technology is now powering SVB Securities' Global Investment Portal." Lauri Moss, Head of Global Deposit & Investment Products and President of SVB Securities says, "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." In other news, see the press release, "IDC Deposits Announces Increase of FDIC Insured Capacity to $12.5 Million," which says, "Investors can now obtain full FDIC insurance on deposits of $12.5 million through IDC's Deposit Network which distributes the funds to multiple banks." Finally, see the latest batch of Reserve Fund press releases: "Reserve Primary Fund's Plan of Liquidation and Distribution of Assets," "Reserve Primary Fund Makes Second Distribution of $14.4 Billion to Primary Fund Shareholders," and "Q&A Regarding Reserve Primary's Second Distribution."
