Mid Atlantic Capital Group has acquired Institutional Trading Services, effective in May 2015, in what appears to be a logical addition to its already existing line of services offered to financial professionals and organizations. ITS currently offers fixed income and equity trading services to over 300 asset management and bank trust company accounts. The company’s interests are focused solely on providing the most cost-effective, best execution services available, combined with the state-of-the-art technology and personalized services that will maximize the clients’ back room integration and efficiencies.
Mid Atlantic offers independent broker-dealer services to a host of registered representatives from around the country and an institutional fund trading platform for 401(k) record keepers, trust and insurance companies, and other broker-dealers. Collectively, the Mid Atlantic companies service over 500 financial professional organizations and over $60 billion in customer assets represented by millions of security transactions on an annual basis.
Charlie Friday, ITS’s founding partner and CEO, described the merger into the Mid Atlantic family as “a perfect opportunity to provide ITS’s customer base with expanded technology and service from a company that truly understands what our users need to be competitive and streamlined. Additionally, there will be no material change to our customer’s trading counterparty today as MACC was ITS’s broker/dealer and back office partner prior to the acquisition.”
Mid Atlantic, as one of the pioneers in automating mutual fund trade processing for U.S. financial intermediaries, can now check off its list the ability to provide equity and fixed income processing as one of its direct core offerings.
For more information, please contact Paul Edwards at (800) 693-7800, ext. 367 or via e-mail at: email@example.com.
ITS is a professional service organization dedicated to providing agency order execution and technology solutions exclusively to the trust and asset manager marketplace. ITS is headquartered in Pittsburgh, PA. Additional information may be found by visiting www.tradeserv.net.