General

6 total posts

Trust CAPIS Experience in a Volatile Market

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posted by CAPIS on 03/05/2018 at 1:27 pm
by CAPIS on 03/05/2018

It’s baaacccck…volatility, that is. Over the past year, volatility was virtually absent from equity markets. From November 4, 2016, to the peak of January 26, 2018, the S&P 500 returned a staggering 41.2% on a total return basis. The VIX (Chicago Board Options Exchange SPX Volatility Index) hovered near record lows, dropping to 8.56 on November 24, 2017. January’s 5.73% gain in the S&P 500 was the index’s best start to a year since 1990. That tranquility disappeared in early February, with both the S&P and Dow dropping into correction territory, and the VIX hitting a high of 50 on February 6, 2018. Those big moves continued throughout February, with the S&P logging its worst monthly drop in two years. So, what happened? Like the Mad Libs we played as kids, you can fill in the blank for why you think the market dropped so quickly: the January jobs report that was too good; concerns over stronger-than-expected inflation; fears of an aggressive pace of Federal interest-rate hikes; the blackout period for share repurchases; or computer-driven selling creating a snowball effect. Regardless of the reason, volatility is back. The sudden spike in volatility put a squeeze on shorts and caused many…

It’s baaacccck…volatility, that is. Over the past year, volatility was virtually absent from equity markets. From November 4, 2016, to the peak of January 26, 2018, the S&P 500 returned a staggering 41.2% on a total return basis. The VIX (Chicago Board Options Exchange SPX Volatility Index) hovered near record lows, dropping to 8.56 on November 24, 2017. January’s 5.73% gain in the S&P 500 was the index’s best start to a year since 1990. That tranquility disappeared in early February, with both the S&P and Dow dropping into correction territory, and the VIX hitting a high of 50 on February 6, 2018. Those big moves continued throughout February, with the S&P logging its worst monthly drop in two years. So, what happened? Like the Mad Libs we played as kids, you can fill in the blank for why you think the market dropped so quickly: the January jobs report that was too good; concerns over stronger-than-expected inflation; fears of an aggressive pace of Federal interest-rate hikes; the blackout period for share repurchases; or computer-driven selling creating a snowball effect. Regardless of the reason, volatility is back. The sudden spike in volatility put a squeeze on shorts and caused many…

Letter from CEO Kristi Wetherington: 2018 Updates

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posted by CAPIS on 02/15/2018 at 11:26 am
by CAPIS on 02/15/2018

To our valued clients and partners, I want to update you on the innovations happening at CAPIS. Between new leadership and an expanded list of products, 2018 is sure to hold great opportunities for our company and clients. Tim Hall was unanimously elected President by the Board of Directors and took over the position on January 15. Tim joined CAPIS in 1987 and most recently served as Chief Financial Officer and Treasurer. He has been extremely instrumental in the success of CAPIS as an Executive Committee member since 2005 and is taking actions to move our company forward. Building on our transition management successes in 2017, CAPIS is committing to an expansion of services to the plan sponsor and consultant community. Additions to our transition management group will also serve to support program trading and derivatives. Additionally, CAPIS is partnering with Clearpool Group, Inc. to provide the buy-side with tools to better control and analyze routing protocols for best execution with complete transparency. Clients can leverage the Clearpool AMS to customize algorithms and take a hands-on approach to electronic trading. Building on our commitment to transparency and compliance, CAPIS has created a MiFID II-level reporting capability. By allocating research expenditures…

To our valued clients and partners, I want to update you on the innovations happening at CAPIS. Between new leadership and an expanded list of products, 2018 is sure to hold great opportunities for our company and clients. Tim Hall was unanimously elected President by the Board of Directors and took over the position on January 15. Tim joined CAPIS in 1987 and most recently served as Chief Financial Officer and Treasurer. He has been extremely instrumental in the success of CAPIS as an Executive Committee member since 2005 and is taking actions to move our company forward. Building on our transition management successes in 2017, CAPIS is committing to an expansion of services to the plan sponsor and consultant community. Additions to our transition management group will also serve to support program trading and derivatives. Additionally, CAPIS is partnering with Clearpool Group, Inc. to provide the buy-side with tools to better control and analyze routing protocols for best execution with complete transparency. Clients can leverage the Clearpool AMS to customize algorithms and take a hands-on approach to electronic trading. Building on our commitment to transparency and compliance, CAPIS has created a MiFID II-level reporting capability. By allocating research expenditures…

CAPIS Sets New Transition Management Record

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posted by CAPIS on 02/07/2018 at 2:28 pm
by CAPIS on 02/07/2018

Q4 2017 proved to be a banner quarter for the CAPIS Transition Management team, setting a record for shares and principal traded. Shares traded were up 259% over the previous year and principal traded increased by 276%. Bryan Gibbs, First Vice President of Transition Management who recently hit his 15th year anniversary at CAPIS, attributes the success to consistency in approach, post-trade transparency and superior service. “The CAPIS difference is simple: We treat each event as if it were our own money. CAPIS is centered around a mentality of not just ‘client-first,’ but ‘client-only,’” Gibbs says. Avoiding information leakage, capturing target portfolio characteristics and minimizing market impact are also keys to achieving the results that our clients have come to expect. We appreciate each client that has helped us reach these new heights. For more information about our Transition Management services, visit http://bit.ly/CAPIS_TransMgmt or contact Bryan Gibbs at (214) 978-4748 or bgibbs@capis.com.

Q4 2017 proved to be a banner quarter for the CAPIS Transition Management team, setting a record for shares and principal traded. Shares traded were up 259% over the previous year and principal traded increased by 276%. Bryan Gibbs, First Vice President of Transition Management who recently hit his 15th year anniversary at CAPIS, attributes the success to consistency in approach, post-trade transparency and superior service. “The CAPIS difference is simple: We treat each event as if it were our own money. CAPIS is centered around a mentality of not just ‘client-first,’ but ‘client-only,’” Gibbs says. Avoiding information leakage, capturing target portfolio characteristics and minimizing market impact are also keys to achieving the results that our clients have come to expect. We appreciate each client that has helped us reach these new heights. For more information about our Transition Management services, visit http://bit.ly/CAPIS_TransMgmt or contact Bryan Gibbs at (214) 978-4748 or bgibbs@capis.com.

National Cyber Security Awareness Month

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posted by CAPIS on 10/13/2017 at 11:45 am
by CAPIS on 10/13/2017

October is National Cyber Security Awareness Month!   The Risk Management Committee and the Data Security Group are partnering together throughout the month of October to provide some fun & educational activities to raise awareness about our shared responsibility to keep ourselves and CAPIS secure. CAPIS is committed to taking an active role in this campaign to educate our employees and their families to keep all of us safe online at work and home. Please join us in creating a culture of cyber security both at work and in our personal lives!     Tim Hall, CFO & Treasurer

October is National Cyber Security Awareness Month!   The Risk Management Committee and the Data Security Group are partnering together throughout the month of October to provide some fun & educational activities to raise awareness about our shared responsibility to keep ourselves and CAPIS secure. CAPIS is committed to taking an active role in this campaign to educate our employees and their families to keep all of us safe online at work and home. Please join us in creating a culture of cyber security both at work and in our personal lives!     Tim Hall, CFO & Treasurer

Celebrating 40 Years of CAPIS Independent Research

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posted by CAPIS on 09/08/2017 at 2:54 pm
by CAPIS on 09/08/2017

Capital Institutional Services is celebrating its 40th year of providing superior customer service to our clients. CAPIS was a pioneer in creating the unbundled independent research model. Our founder, Don Potts, recognized the opportunity presented by the deregulation of brokerage commissions. In 1977, he started offering independent, third-party research which was better for the investor than the traditional proprietary bundled research. The CAPIS agency-only trading model combined with providing independent research with client commissions has proven to be a completely transparent practice that benefits investors. Today, CAPIS is one of the few women-owned independent agency brokers. As a legacy to Don’s vision of 40 years ago, his daughter Kristi Wetherington, President and CEO, continues to guide the firm based on the principles on which it was founded.

Capital Institutional Services is celebrating its 40th year of providing superior customer service to our clients. CAPIS was a pioneer in creating the unbundled independent research model. Our founder, Don Potts, recognized the opportunity presented by the deregulation of brokerage commissions. In 1977, he started offering independent, third-party research which was better for the investor than the traditional proprietary bundled research. The CAPIS agency-only trading model combined with providing independent research with client commissions has proven to be a completely transparent practice that benefits investors. Today, CAPIS is one of the few women-owned independent agency brokers. As a legacy to Don’s vision of 40 years ago, his daughter Kristi Wetherington, President and CEO, continues to guide the firm based on the principles on which it was founded.

CAPIS Participates as a Jr. co-Manager in Citigroup Bond Issuance

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posted by CAPIS on 08/01/2017 at 9:47 am
by CAPIS on 08/01/2017

Dallas, Texas – 7/17/17 – Capital Institutional Services, Inc.(CAPIS), one of the leading women-owned institutional broker-dealers, today announced their participation as a Jr. co-manager in a $2,500,000,000 Citigroup bond issuance. As a women-owned broker dealer, CAPIS’s participation as a co-manager in bond issues provides a unique avenue in meeting corporate diversity program goals through expanded utilization of capital market services.   About Capital Institutional Services, Inc. (CAPIS) CAPIS is a leading women-owned, independent U.S. institutional broker specializing in 24-hour global trading, independent research and commission management programs for asset managers, plan sponsors, and broker-dealers. Supported by advanced trading technology, CAPIS traders deliver superior execution in domestic and international equities, fixed income, derivatives, and program trading. With nearly four decades of experience in the independent research and commission management business, the firm’s industry leading CCA and CSA programs provide added tools for reducing transaction costs and improving performance. Founded in 1977, CAPIS is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the National Futures Association, and SIPC. CAPIS is also a WBENC-Certified Women’s Business Enterprise. For more information, visit www.CAPIS.com. Download Document

Dallas, Texas – 7/17/17 – Capital Institutional Services, Inc.(CAPIS), one of the leading women-owned institutional broker-dealers, today announced their participation as a Jr. co-manager in a $2,500,000,000 Citigroup bond issuance. As a women-owned broker dealer, CAPIS’s participation as a co-manager in bond issues provides a unique avenue in meeting corporate diversity program goals through expanded utilization of capital market services.   About Capital Institutional Services, Inc. (CAPIS) CAPIS is a leading women-owned, independent U.S. institutional broker specializing in 24-hour global trading, independent research and commission management programs for asset managers, plan sponsors, and broker-dealers. Supported by advanced trading technology, CAPIS traders deliver superior execution in domestic and international equities, fixed income, derivatives, and program trading. With nearly four decades of experience in the independent research and commission management business, the firm’s industry leading CCA and CSA programs provide added tools for reducing transaction costs and improving performance. Founded in 1977, CAPIS is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the National Futures Association, and SIPC. CAPIS is also a WBENC-Certified Women’s Business Enterprise. For more information, visit www.CAPIS.com. Download Document

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