Welcome!

News Feed Item

StoneCastle eCD Market, LLC and Cachematrix Partner to Bring FDIC-Insured CD Portfolios to Institutional Investors

StoneCastle Cash Management, LLC (‘StoneCastle’) today announced that StoneCastle eCD Market, LLC (‘eCD Market’), its online marketplace for institutional buyers of custom FDIC-insured CD portfolios, has teamed with Cachematrix, a provider of money market fund, bank product trading and sweep technology for banks and financial institutions. This partnership will enable Cachematrix to offer its clients access to eCD Market’s innovative FDIC-insured CD platform. The partnership also allows StoneCastle to introduce Cachematrix’s liquidity management systems to its bank relationships.

eCD Market allows institutional buyers to easily obtain a high amount of FDIC insurance for cash balances through a nationwide marketplace of participating banks. For Cachematrix clients, this service represents a new and innovative option for investing cash in custom portfolios of CDs from a wide range of nationwide banking partners. For banks on the eCD Market platform, this platform represents an even more efficient way to acquire non-brokered time deposits and create new direct relationships with institutional customers.

In addition, StoneCastle’s network of bank partners can now offer Cachematrix’s industry leading institutional money market fund trading and liquidity management capabilities, which have traditionally been limited to some of the world’s largest financial institutions, to their institutional and corporate customer base.

“I am thrilled to see the StoneCastle eCD Market available to the Cachematrix network of institutional and corporate investors,” said Eric Lansky, President of StoneCastle Cash Management, LLC. “This is a win-win partnership as StoneCastle can introduce value added solutions to its institutional clients, while Cachematrix clients will now have the ability to offer access to custom-built portfolios of FDIC-insured CDs.”

“We are excited about the opportunity to offer Cachematrix technology to StoneCastle’s extensive group of bank partners,” said Dave Agostine, President of Cachematrix. “With corporate cash at all-time highs, we believe banks are looking to capitalize on this unique opportunity to increase their corporate market share, and revenue, within this arena. Our technology will allow banks the opportunity to offer a solution to their corporate clients that will assist them in managing their liquidity in a more sophisticated and efficient manner. We look forward to working closely with StoneCastle to assist their bank partners in this endeavor.”

About StoneCastle Cash Management, LLC

StoneCastle Cash Management, LLC is a premier provider of liquidity and cash management solutions servicing the nation's leading community banks, corporations, municipalities, public funds, foundations, endowments, hedge funds, wealth management and private equity firms. StoneCastle Cash Management, LLC is a wholly owned subsidiary of StoneCastle Partners, LLC. eCD Market is a wholly owned subsidiary of StoneCastle Cash Management, LLC. For more information, visit www.stonecastle.com.

About Cachematrix Holdings, LLC

Cachematrix is the leading "software as a service" (SaaS) provider of institutional money market fund, bank products and fixed income trading, and sweep technology for banks and financial institutions worldwide. Cachematrix enables banks and other financial services firms the ability to offer their corporate clients on-line access to a choice of short term investment products through a convenient, single source platform for managing assets. For more information, visit www.cachematrix.com.

This release does not constitute an offer or solicitation or recommendation to purchase any security and is not investment advice.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I will be talking about ChatOps and ChatOps as a way to solve some problems in the DevOps space," explained Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, will examine the regulations and provide insight on how it affects technology, challenges the established rules and will usher in new levels of diligence...
SYS-CON Events announced today that SkyScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SkyScale is a world-class provider of cloud-based, ultra-fast multi-GPU hardware platforms for lease to customers desiring the fastest performance available as a service anywhere in the world. SkyScale builds, configures, and manages dedicated systems strategically located in maximum-securit...
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...
SYS-CON Events announced today that Calligo has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo is an innovative cloud service provider offering mid-sized companies the highest levels of data privacy. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalized support service from its globally located cloud platfor...
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.