Capital Institutional Services, Inc. (CAPIS), a full service institutional brokerage firm providing professional agency trading and independent investment research products, and FutureTrade, a leading provider of electronic equity, option, and algorithmic trading execution services, today announced an agreement whereby the FutureTrade platform will be provided by CAPIS to its clients for direct access trading.
Under the terms of the private label agreement, CAPIS will market the FutureTrade platform under the name CAPISDirect and will upgrade users from their current direct access product, SlingShot, developed by Sonic Financial Technologies.
"Over the past couple of years, we have learned a lot about the importance our clients place on direct access technologies. After an exhaustive review of numerous direct market access products available in the market today, we forged a relationship with FutureTrade which would allow us to offer our clients unparalleled direct access trading technology and customer support," said Jim Morrow, Senior Vice President, Director of Global Trading.
"CAPIS enjoys a stellar reputation within the institutional marketplace, and we are delighted to have been selected by them to provide FutureTrade's integrated electronic trading platform to their clients," said Jim Kwiatkowski, executive vice president of sales and marketing at FutureTrade. "By uniting direct access with OMS integration, algorithmic trading capabilities, and complemented by the benefit of our broker-neutral position, FutureTrade provides the tools for traders to achieve best execution. We look forward to leveraging our unrivaled support capabilities to benefit the blue-chip clients of CAPIS."