Capital Institutional Services (CAPIS) to Provide Directed Brokerage and Commission Recapture Services to Alameda County Employees' Retirement Association (ACERA).DALLAS -- Capital Institutional Services, Inc. (CAPIS), a leading institutional broker specializing in global agency trading and commission management for asset managers and plan sponsors, has been named the Directed Brokerage Administrator for the Alameda County Employees' Retirement Association (ACERA). Under the arrangement, CAPIS will provide directed brokerage and commission recapture services to the $5 billion pension fund. Kristi Wetherington, CAPIS President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. said, "We are pleased to have been selected by ACERA as its directed brokerage partner. Directed brokerage and commission recapture programs are highly effective and transparent cost management tools that enable pension funds to control transaction costs and increase their returns. We look forward to helping ACERA optimize how its commission dollars are spent." About Alameda County Employees' Retirement Association (ACERA) ACERA is a retirement system organized under the County Employees Retirement Law of 1937, which provides retirement disability, and death benefits to the employees, retirees, and former employees of the County of Alameda, and certain other participating public employers. About Capital Institutional Services, Inc. (CAPIS) CAPIS is a leading U.S. institutional broker specializing in global agency trading and commission management for asset managers and plan sponsors. CAPIS has successfully developed and provided an array of brokerage solutions specifically tailored to the institutional marketplace since 1977. CAPIS is a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. , the PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. , the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. , and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . For more information, visit www.capis.com. Firms interested in becoming part of ACERA's Directed Brokerage correspondent network may contact John Weeldreyer at CAPIS, 214/978-4791. |
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