Capis acquires FinTech Securities
Capital Institutional Services (Capis), an institutional securities broker and dealer, has acquired Financial Technology Securities (FinTech Securities) from Innovest Systems.
FinTech Securities, an Atlanta, Georgia-based firm, provides trading solutions to institutional money managers, and will now continue to operate as a fully-owned subsidiary of Capis. Financial details about the acquisition were not disclosed.
“Over the past year, we at Capis have made an extensive commitment to serving the institutional investment community. It is our goal to continue offering superior service and execution skills to our customers and add new clients through both sales and acquisitions,” says Kristi Wetherington, Capis CEO.
In line with the acquisition, Texas-based Capis promoted Jon Lantz, to the position of director of bank and trust services. Lantz has been at Capis for 12 years.
Capis has also released its electronic bond trading tool, BondRoute, which allows clients to execute fixed income securities electronically from their desk.