Dallas-based Capital Institutional Services (CAPIS), an institutional securities broker-dealer, announced it has completed the acquisition of FinTech Securities from Innovest Systems. FinTech Securities is an Atlanta-based broker-dealer that provides trading solutions to institutional money managers, and will continue to operate as a fully-owned subsidiary of CAPIS in the near-term.
In addition, CAPIS promoted Jon Lantz, a 12-year CAPIS veteran, to the position of director of Bank & Trust Services. With Lantz leading the efforts, CAPIS recently released their electronic bond trading tool, BondRoute, giving clients the ability to execute fixed income securities electronically from their desk.
Tim Hall, CAPIS president said in a statement: “CAPIS is looking to further gain market share in the bank & trust industry through this acquisition. We are continually working to widen our presence in this market. In the last year, we have also bolstered our efforts in outsourced trading and transition management.”