Capital Institutional Services, Inc. Selects FutureTrade's Electronic Trading System - Capis to Offer FutureTrade's Direct Access Platform to Their Institutional Clients

Dallas, TX and New York, NY via PR Web Direct) September 13, 2004 -- Capital Institutional Services, Inc. (CAPIS), a full service institutional brokerage firm providing professional agency trading and independent investment research products, and FutureTrade, a leading provider of electronic equity, option, and algorithmic trading execution services, today announced an agreement whereby the FutureTrade platform will be provided by CAPIS to its clients for direct access trading. Under the terms of the private label agreement, CAPIS will market the FutureTrade platform under the name CAPISDirect and will upgrade users from their current direct access product, SlingShot, developed by Sonic Financial Technologies.

"Over the past couple of years, we have learned a lot about the importance our clients place on direct access technologies. After an exhaustive review of numerous direct market access products available in the market today, we forged a relationship with FutureTrade which allows us to offer our clients unparalleled direct access trading technology and customer support," said Jim Morrow, Senior Vice President, Director of Global Trading.

"CAPIS enjoys a stellar reputation within the institutional marketplace, and we are delighted to have been selected by them to provide FutureTrade's integrated electronic trading platform to their clients," said Jim Kwiatkowski, Executive Vice President of Sales and Marketing at FutureTrade. "By uniting direct access with OMS integration, algorithmic trading capabilities, and complemented by the benefit of our broker-neutral position, FutureTrade provides the tools for traders to achieve best execution. We look forward to leveraging our unrivaled support capabilities to benefit the blue-chip clients of CAPIS."

About Capital Institutional Services, Inc.
A leading U.S. institutional brokerage firm specializing in global agency trading, advanced order execution solutions, and independent research distribution for asset managers and Plan Sponsors, Capital Institutional Services, Inc. (CAPIS) has successfully developed and provided an array of brokerage solutions specifically tailored to the institutional marketplace since 1977. CAPIS executes all trades on an agency basis, eliminating any conflict of interest; and plan sponsors, investment managers and broker-dealers have come to trust CAPIS for its expertise in directed brokerage, transition management and commission recapture relationships. CAPIS is a member of the NYSE, AMEX, PCX, NASD, and SIPC, and maintains offices in Dallas and New York. For more information, visit www.capis.com or call 800.247.6729.

Contact Information:
Wendy Dailey
Vice President, Electronic Trading
1+214.978.4767
wdailey@capis.com

About FutureTrade
FutureTrade provides buy-side traders with a fully integrated direct access trading platform for equities and options. Through one platform, traders access liquidity on all major exchanges, ECNs, ATSs, Market Makers, DOT and all major US Options Exchanges. Users enter orders, get instantaneous executions, track multiple portfolios, access market data efficiently, and see advanced analytics – all from a single integrated workstation. FutureTrade facilitates real-time reporting of trade data making it an ideal front-end to straight-through processing for buy-side traders. Transactions can be executed through FutureTrade Securities, a wholly owned subsidiary
of FutureTrade Technologies. Securities offered through FutureTrade Securities, LLC. Member of NASD and SIPC. For more information, please visit www.futuretrade.com.

Contact Information:
Jim Kwiatkowski
Executive Vice President, Sales & Marketing
1+212.230.2501
jimk@futuretrade.com





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