The euro money market, clear at last.

Data, analysis and advice for issuers, investors and everyone who oversees short-term cash: NeuCP, ECP, traditional and tokenised money market funds, TRS and alternative cash funds.

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French money market funds tracked
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issuers consolidated in a single reference database
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ECB press conferences summarised
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in money market and fixed-income management

Synapses Partners: one integrated offering to inform your decisions.

An AI-augmented technology platform to make sense of the money market, together with an advisory and innovation-watch practice (tokenisation, alternative cash strategies and more) to support you.

A technology platform

Polaris Market

A web application for analysing the euro money market: short-term debt issuance, the performance and risk of funds (including tokenised funds) and ECB monitoring, comparing its decisions with market expectations. Data is collected daily from official sources, checked, then presented as clear tables, charts, alerts and reports.

  • Market: NeuCP, NeuMTN, STEP, Euroclear — outstandings, issuance, net flows
  • Money market and treasury funds: over 120 French and European funds, more than 700 active share classes — performance, risk, peer comparison
  • ECB: decisions, tone analysis of speeches, market expectations
  • Tokenised assets: some fifty tokenised funds and assets, including 21 money market funds and 8 stablecoins, read directly on 12 blockchains
  • Alerts and reports: threshold alerts by email, weekly note, white-label exports
  • Reference data: over 800 issuers reconciled across sources
  • Infrastructure: a dedicated server in the European Union, 30 monitored sources, data freshness shown on screen
  • Reliability: no figure is generated by AI; every number is computed in code, then checked
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Polaris Market · screen previews
Discover Polaris Market
Expert support

Advisory and automation

Advice on liquidity solutions for issuers and investors alike, and optimisation of processes, data and technology, supported by artificial intelligence. No long, vague or pointless engagements: a finished product (documents, processes, automation, tools) that your teams can use in-house. Every engagement includes three months’ access to Polaris Market.

  • Setting up a NeuCP / NeuMTN programme — from the Banque de France documentation to the first issue, and beyond
  • Optimising an existing programme — your issuance curve against your peers and €STR, your maturities, your investors
  • Cash investment and treasury policy
  • Due diligence on tokenised funds: who holds custody of the assets, how subscriptions and redemptions work, where the valuation price comes from
  • Overhauling money market and regulatory reporting
  • Reviewing and automating processes
  • Support in selecting tools
  • Money market training — instruments, techniques, optimisation
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Training · course material
Work with us

We sell no financial products.

We are paid by our clients, through fees and subscriptions. Never by a fund provider, never through commission on an investment.

Real independence

Our only revenue comes from you. If the right decision is to leave your selection and allocation unchanged, that is what we will tell you.

Market expertise

Polaris Market was designed by money market specialists who understand your constraints: the platform lightens your routine tasks and deepens your knowledge of the market.

Transparency

Every figure displayed comes with its source, its date and its methodology.

Is your money market fund selection the best fit for your needs?

When it comes to money market funds, most market participants look at performance. Few check whether it is statistically significant.

  • Can the outperformance of a fund you present to your committee be distinguished from noise?
  • Has that outperformance compensated for the risk taken by the manager?
  • Are the funds you have selected optimal for your needs?

These questions matter, and a marketing brochure cannot answer them.

With Polaris Market, you have everything you need to make informed decisions.

What the analysis measures
Relative performance
Tracking error
Information ratio
VaR and Expected Shortfall
Maximum drawdown
Net flows
Correlations
WAL and WAM

Your fund analysis, free and with no obligation.

Get my analysisTwo ISINs are all we need. No positions, no amounts.

You send your ISINs*

Nothing else. No amounts, no positions.

We run the numbers

Performance, risk and flows.

You receive the analysis

Clear, transparent, unbiased.

We talk it through

Thirty minutes to go through the analysis together and see what Polaris Market would change in your selection.

* Up to two ISIN codes, French-domiciled funds only.

Asset tokenisation: an innovation that is still barely measured.

Innovation is profoundly transforming treasury work. Treasurers, issuers and investors now need to be able to analyse every strategy in their environment. The growth of tokenised assets, also known as RWAs (real-world assets), while still relatively slow, looks set to accelerate soon. Every market participant needs to be able to factor them into their analysis and investment policy.

Tokenised money market funds, like tokenised fund share classes, are among the central themes of this shift that we track. We apply the indicators of the traditional money market to them: changes in assets under management, flows, yield and investor base. Assets and net asset value are read directly on the blockchains, and the register of holders is reconstructed.

[•]€m
of euro-denominated assets tracked
[•]
funds tracked

What your IT department will want to check.

Polaris Market is built to pass the procurement and security review of a bank or institutional investor — and is monitored continuously.

Encryption

Encrypted in transit (TLS, HSTS); encrypted backups, with the decryption key kept offline, separate from the server.

Permissions enforced server-side

Every request is checked, tab by tab. Nothing relies on the user interface.

Two-factor authentication

Second factor available, which can be enabled per account; sessions can be revoked at any time, with immediate effect.

Client segregation

Client-supplied data and portfolios are kept separate by group, with no possible sharing between clients.

Continuous automated monitoring

Source freshness, processing and errors are monitored at all times, with email alerts to the team.

European hosting

Dedicated infrastructure in the European Union (Finland). Providers outside the EU are kept to a minimum and listed in our privacy policy.

Traceability

Sign-ins, administration and changes are logged and time-stamped, and retained for 12 months.

Business continuity

Encrypted backups every six hours, with verified restores; documented rollback procedure.