[ O U T S O U R C E D T R A D I N G S U R V E Y ]
CAPIS
CAPIS |
2024 |
2023 |
Global Average |
Difference with Global |
Coverage |
6.70 |
- |
6.21 |
0.49 |
Execution |
6.80 |
- |
6.22 |
0.58 |
Operations and Post-Trade |
6.90 |
- |
6.23 |
0.67 |
Client Service and Relationship Management |
6.90 |
- |
6.28 |
0.62 |
Trade Decision Support |
6.44 |
- |
5.91 |
0.54 |
IPO Process and Allocations |
4.00 |
- |
5.33 |
-1.33 |
Onboarding |
6.50 |
- |
6.09 |
0.41 |
Service Level Factors |
6.80 |
- |
6.16 |
0.64 |
Cost vs Value |
6.70 |
- |
5.97 |
0.73 |
Average |
6.42 |
- |
6.04 |
0.37 |
Another new addition to our Outsourced Trading Survey , CAPIS , has made quite the entrance . Coming in with an impressive average score of 6.42 , CAPIS is sitting head and shoulders above the global average score . With respondents based in the US , there is some variety when it comes to client size , with respondents holding AUMs between $ 500million - $ 1bllion , and $ 100 – 150billion . CAPIS describes itself as a “ compliance driven institutional broker ,” with its business exclusively focused on trade execution and commission management services and stated that it is “ trusted by some of the industry ’ s most prominent institutional investors ”. While for CAPIS , outsourced and supplemental trading is not new , its shift from investment partnerships and hedge funds to RIAs and investment managers is . This year , CAPIS announced its partnership with Key Bridge Compliance and FiSolve , as
Chart 1
part of its expansion of its outsourced trading offering . CAPIS stated that this “ strategic partnership ” has allowed it to “ offer comprehensive and fully outsourced operations and legal and compliance functions to the broader buyside community , specifically supporting the underserved
40 // Outsourced Trading Handbook // 2024