This paper presents a matrix converter for power flow management. The matrix converter has several advantages over traditional rectifier-inverter type power frequency converters. It provides sinusoidal input and output waveforms, with minimal higher order harmonics and no sub harmonics. The matrix converter having the ability to generate multilevel output voltages, this converter is able to produce better quality output waveforms than conventional matrix converter in terms of harmonic content. This paper gives the performance of a matrix converter and the qualitative analysis of some performance parameters is carried out. Some numerical results based on a simulation model of a matrix converter system are also presented. The simulations results of different load conditions are presented .The open loop controlled system is simulated and the waveform output is predicted at various conditions.