Capis selects Fidessa for equity trading

Capis selects Fidessa for equity trading

US institutional brokerage Capital Institutional Services (Capis) is implementing technology from British vendor Fidessa to support its equity trading operations.

The hosted Fidessa platform replaces a proprietary system at Capis. The UK vendor says its technology will provide Capis with integrated order management, trading and middle-office functionality across the broker's US operations.

Capis will also use Fidessa BlueBox - a suite of industry acknowledged algorithmic trading models as well as a framework that will allow it to design and deploy its own algorithms.

The broker is also implementing Fidessa List Management, which is capable of transacting large mixed-sided baskets while consolidating all trades and performance data in real time up to the basket level.

Kristi Wetherington, president and CEO, Capis, says: "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 advance our trading technology to further complement our clients' trading needs."

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