Case Study: Capital Institutional Services achieves 100% T+1 trade affirmation and rapid transition automation with SS&C Technologies (SSCNet)

Transition Automation Provides a Competitive Edge

Capital Institutional Services (CAPIS), an independent institutional brokerage firm in Dallas, faced a complex global transition in 2018 involving nearly 8,000 positions and multiple settlement dates. Their prior manual, spreadsheet- and PDF-based process risked errors and slow custodian processing, so CAPIS turned to SS&C Technologies and its SSCNet solution (building on an existing FIXLink relationship) to provide an automated, rapid alternative.

SS&C Technologies implemented SSCNet in about three weeks to automate post-trade communications between CAPIS, brokers and the custodian. The deployment delivered 100% trade affirmation on ~7,800 positions by T+1, dramatically reduced settlement risk and errors, saved significant trader and back-office time, and strengthened CAPIS’s competitive position for future transition events.

Capital Institutional Services

David Choate

Executive Director of Global Sales