The fully hosted Fidessa trading platform offers CAPIS integrated order management, trading and rich middle-office functionality across their US operations. It replaces CAPISâs proprietary system, which was one of the first sell-side order management systems to be developed around the FIX protocol.
CAPIS will also use Fidessaâs 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.
âThis year we celebrate 30 successful years in the business and have become one of the industry's top agency-only institutional brokerages,â said Kristi Wetherington, CAPIS President and CEO. âFidessaâs 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 clientsâ trading needs.â
Martin Hakker, EVP of Marketing, comments: âWe 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.â
Fidessa serves over 16,000 users at aroundÂ 500 clients around the world, and serves over 85% of global, tier-one equity brokers. Fidessaâs global connectivity network provides links to over 230 brokers, 1,300 buy-sides and 83 exchanges.