Cachematrix by BlackRock Launches New Mobile App for Liquidity Investors

Published: October 12, 2022

Cachematrix, one of the world’s largest and longest running market platform companies for cash management^[1], announced today that clients of the Cachematrix by BlackRock portal will now be able to access their liquidity marketplace via a mobile application. The app is now available for cash investors across 20 countries totalling over $300 Billion in AUM.

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 and connectivity to 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 request with their money market funds directly through the app.

Another feature of the mobile app is its dual authorisation function, offering treasury decision makers the ability to quickly sign off on money market subscription or redemption requests (“orders”) placed by traders in their organisations. BlackRock estimates that up to 60% of all orders placed on the Cachematrix by BlackRock portal require dual authorisation.

“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 US, the UK, and selected EMEA countries^[2]. More details are available on the BlackRock website.

^{[1] Cachematrix was established in 2003 as a way for companies to manage their liquidity. Acquired by BlackRock in 2017, Cachematrix is a platform provider to many leading financial institutions, including corporates, investment managers, banks, insurance, government agencies, family offices, trusts, pensions, and more.}

^{[2] Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, United Kingdom}