WINDSOR, Conn., April 15, 2014 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Capital Institutional Services, Inc. (CAPIS) has gone live with SS&C's Lightning TradeDesk for its institutional trading business.
CAPIS, a leading independent U.S. institutional broker, needed to improve speed of execution while lowering costs. SS&C's Lightning TradeDesk provides a consolidated view of trading with access to positions and risk management. All fixed income trades from Lightning TradeDesk are cleared automatically through Bank of America Merrill Lynch/Broadcort. Through this connectivity, CAPIS is able to monitor trades electronically in real-time via Broadcort systems.
"We replaced our current provider with SS&C's integrated solution. Lightning TradeDesk supports our specific requirements and covers all our front-office operations' trading requirements in a cost-effective way," said David Lee, Vice President, Director of Fixed Income Trading, CAPIS.
"We are pleased to be able to give broker dealers the advanced trading capabilities they need to be more effective, and we are delighted to add CAPIS to our list of broker dealer customers," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Lightning TradeDesk simplifies trade processing and provides secure access for our clients, helping them to stay informed and engaged in the process."
About Capital Institutional Services, Inc. (CAPIS)
CAPIS is a leading independent U.S. institutional broker specializing in global agency 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 over 35 years 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. For more information, visit www.CAPIS.com.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Some 6,900 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $26 trillion in assets.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
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