|
New York – 24th
September 2007 - Fidessa group plc (LSE: FDSA) the leading supplier
of multi-asset trading, market data and global connectivity, today
announced that Capital Institutional Services, Inc. (CAPIS) has
selected the Fidessa Trading Platform as its equity trading platform.
CAPIS specializes in global agency trading and provides brokerage
solutions specifically tailored to the institutional marketplace.
The fully hosted
Fidessa trading platform offers CAPIS integrated order management,
trading and rich middle-office functionality across their US operations.
It replaces CAPIS’s proprietary system, which was one of the first
sell-side order management systems to be developed around the FIX
protocol.
CAPIS will also use Fidessa’s advanced trading tools that include:
Fidessa BlueBox; the fully integrated, scalable algorithmic trading
system that offers traders both a suite of industry acknowledged
models and a comprehensive framework to design and deploy proprietary
algorithms; and Fidessa List Management; capable of transacting
large mixed-sided baskets while consolidating all trades and performance
data in real time up to the basket level.
“This year we celebrate
30 successful years in the business and have become one of the industry's
top institutional agency brokerages,” said Kristi Wetherington,
CAPIS President and CEO. “Fidessa’s reliable and scalable trading
solution will enable us to continue to grow our business while enhancing
our ability to effectively compete in the marketplace. Most importantly,
it will help us better serve our client’s trading needs.”
Martin Hakker, EVP of Marketing, comments: “We are very excited
to be working with CAPIS to enhance and extend the service they
offer their customers. Our unique combination of robust, industrial
strength technology coupled with our unrivaled reputation; make
us an ideal partner for firms like CAPIS. We look forward to building
on our partnership with CAPIS in the future.
Fidessa serves over
16,000 users at around 500 clients around the world, and serves
over 85% of global, tier-one equity brokers. Fidessa’s global connectivity
network provides links to over 230 brokers, 1,300 buy-sides and
83 exchanges.
- ends -
About Capital Institutional Services, Inc.
CAPIS is a leading 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, the American Stock Exchange, the Financial Industry Regulatory
Authority, and the Securities Investor Protection Corporation. For
more information, visit www.capis.com.
About Fidessa group
Fidessa group is a world-leading supplier of multi-asset trading,
portfolio analysis, decision support, investment compliance, market
data and global connectivity solutions for both the buy-side and
sell-side globally. Available as a simple workstation or as an integrated
application suite, the Fidessa and Fidessa LatentZero product suites
are built on the clear vision of providing the richest functionality,
coverage and distribution to the financial markets community.
The Fidessa suite is used by 85% of tier-one,
global equity brokers providing sophisticated trading, market data,
order management and execution capabilities to all tiers of the
sell-side.
The Fidessa LatentZero suite is used by the
world’s largest asset management firms through to smaller specialist
managers and hedge funds, and provides comprehensive portfolio analysis,
real-time P&L, what-if analysis, investment compliance, order
and execution management, and post trade processing tools, across
all asset classes, to all tiers of the buy-side.
Fidessa’s global network carries over 50 million
messages a month covering DMA, Care and Algorithmic orders, Indications
of Interest and FIX Allocations between over 1,300 buy-sides and
230 brokers across 83 exchanges worldwide.
Head-quartered in London and with offices in
New York, Boston, Tokyo, Hong Kong, Paris and Toronto, Fidessa group
serves over 16,000 users at around 500 clients globally. Fidessa
group was founded in 1981 and acquired LatentZero in 2007. Fidessa
group has revenues of $250m, employs over 1,000 people and has been
fully listed (LSE:FDSA) since 1997.
www.fidessa.com
www.latentzero.com
For further information, please contact:
Susan Hartzell
CAPIS Media Contact, Integratred Corporate Relations
(203) 682-8238
Martin Hakker
Fidessa
(212) 520-3697
martin.hakker@fidessa.com
Marc Weinstein
Spring O’Brien, for Fidessa
+44 20 3100 3592
marcw@spring-obrien.com
Fidessa® is a registered trademark of Fidessa
Group plc
All product and company names herein may be trademarks of their
registered owners.
|