CAPIS Expands Global Reach through Partnership with Fidessa
New York, July 14th 2008 - Fidessa group plc (LSE:FDSA) the world leading provider of trading systems, market data and global connectivity, today announced that Capital Institutional Services, Inc. (CAPIS), one of the industry's top institutional agency brokerages and independent research providers, has expanded it's global reach by becoming a broker destination on Fidessa's global network and award winning Execution Management Service (EMS) Workstation.
CAPIS, via the EMS Workstation, will offer a global, truly broker-neutral execution management solution providing integrated execution tools and services to the buy-side. The EMS Workstation will connect customers to direct market access (DMA) venues, care order services and CAPIS's comprehensive suite of algorithmic trading strategies.
Kristi P. Wetherington, President and CEO at CAPIS comments, "The EMS Workstation expands upon the top tier systems and tools our clients have come to expect when working with CAPIS. Fidessa's truly broker-neutral solution will enable our clients to use the robust functionality of the system while paying over 255 brokers through one integrated platform."
Martin Hakker, EVP Marketing at Fidessa adds, "As the buy-side operate in a more complex environment than ever, we are pleased to have partnered with CAPIS to provide our mutual clients with integrated execution tools and services through the EMS Workstation. We have built an unrivalled reputation for global connectivity and robust trading solutions, and as our clients' business grows, we are able to provide them with the sophisticated solutions required to stay at the very top of the game."
Fidessa's global connectivity network provides a fully normalized, highly resilient, broker-neutral solution for clients wishing to route order flow to a variety of sell-side or buy-side destinations. Fidessa's global network carries over 95 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between around 1,500 buy-sides and 255 brokers across 92 exchanges worldwide.
Aimed at a broad range of buy-side players including hedge funds, prop-trading desks and asset managers, the EMS Workstation is a broker-neutral, low-latency trading application for global markets. It is available as a fully hosted ASP solution that is quick to deploy and requires minimal or no technical support by the company's clients.
About Capital Institutional Services, Inc. CAPIS is a leading independent U.S. institutional broker specializing in global agency trading and commission management for asset managers and plan sponsors. CAPIS has successfully developed and provided an array of brokerage solutions specifically tailored to the institutional marketplace since 1977. CAPIS is a member of the New York Stock Exchange, American Stock Exchange, the FINRA, and SIPC. For more information, visit www.capis.com.PDF (0.07 MB)