Capital Institutional Services aligns with Metavante as electronic trading partner

Source: Metavante Corporation

Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI) has announced an agreement with Capital Institutional Services, Inc (CAPIS) to become an electronic trading partner. CAPIS is a leading provider of brokerage services to the institutional community including trust and wealth management firms.

CAPIS will provide equity and fixed-income trading and independent investment research products to Metavante Investment Technology Services clients. With the trading interface, clients, including financial institution trust departments, can execute U.S. equity trades directly from the Metavante wealth management system. In addition, this partnership will provide fixed-income and global trading capabilities, and access to CAPIS’ extensive research solutions.

"Through our electronic systems, Metavante clients will have access to the fastest, most efficient way to communicate, execute and allocate equity transactions," said Jim Morrow, senior vice president, Capital Institutional Services, Inc. "CAPIS' reputation for superior service is based on more than 27 years of proven success and our electronic capabilities are regarded as one of the best in the industry."

Through the CAPIS relationship, Metavante clients will benefit from:
  • Third-party research
  • Directed brokerage services to the institutional community
  • 24-hour global trading
  • Cutting-edge electronic trading solutions
  • Low cost execution services
  • Fixed income capabilities
  • CAPIS' Independent Research Network
  • Direct access to the New York Stock Exchange floor
  • Program trading
  • Transition management

    "With this agreement, we now have a partnership with the largest independent brokerage firm outside Wall Street to provide electronic equity trading capabilities to Metavante’s valuable clients," said Kevin O'Rourke, vice president, sales manager, Metavante Investment Technology Services. "In the future, the opportunities generated from our CAPIS relationship can go well beyond equity trading to encompass fixed-income and global trading capabilities for research credit."
  • Comments: (0)