In a press release entitled, "Real-Time Money Market Portal Trade Transparency Now Available through MbOX, Cachematrix, "the leading provider of institutional money market fund trading technology for banks and financial institutions," "announced today that it is ... releasing an enhanced version of its MbOX portal trade transparency software to its mutual fund partners." The company says, "MbOX is an innovative web-based trade and account transparency source for money fund families who distribute their funds via money market portals. MbOX provides money fund managers with real-time transparency into money market fund trading activity and accounts, as well as running totals of net cash flows coming through each of the money market portals they offer their funds through." The release continues, "MbOX allows the fund providers the ability to view and track the underlying balances of the accounts that make up each portal omnibus position. With active-trading risk or 'hot money' MbOX has the ability to track, filter and sort trades by client name, account, or size of trade." George Hagerman, Founder and CEO, says, "Transparency into omnibus trading and disclosure of client accounts within those omnibus positions is paramount to the industry. At the same time, there are huge operational efficiencies that omnibus trading provides for the fund companies. MbOX provides the best of both worlds. Fund families get the operational efficiencies of omnibus settlement with the transparency of full disclosure."
