Firm58 Overview
Firm58 offers web-based solutions to help capital markets manage fees, commissions, and payouts. The scalable and cost-efficient SaaS platform includes solutions for billing, profitability reporting, and management of commission sharing arrangements (CSA), client commission agreements (CCA), and soft dollar programs. Firm58's platform automates middle- and back-office processes across asset...More»
Firm58 offers web-based solutions to help capital markets manage fees, commissions, and payouts. The scalable and cost-efficient SaaS platform includes solutions for billing, profitability reporting, and management of commission sharing arrangements (CSA), client commission agreements (CCA), and soft dollar programs. Firm58's platform automates middle- and back-office processes across asset classes including equities, futures, options, foreign exchange and fixed income. Customers include global market exchanges and execution venues, leading institutional brokerages, clearing and non-clearing broker-dealers, and proprietary trading firms. Founded in 2005, Firm58 is headquartered in Chicago with a branch office in New York. The company is backed by New World Ventures and North Bridge Venture Partners.«Less
Key People
Board of Directors
Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 2007 | Series A | 3.7M | Unknown | |
| 2008 | Series B | 8.5M | Unknown | |
| 2010 | Series C | 7M | Unknown |
Products
| Name: | Billing by Firm58 |
| Product URL: | http://www.firm58.com/software/sell_side |
| Description: | Firm58's Billing solution provides immediate visibility into revenue streams, improves transparency and customer satisfaction, and automates and expedites full-cycle billing activities. Our automated bill calculation, cost-plus billing, bill generation/presentation, and collection and payment replaces error-prone manual processes. Permission-based online access makes it easy for clients to share invoice-related information and provide up-to-the-minute billing information rather than waiting until month's end. White label option available. |
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| Name: | Profitability Analysis by Firm58 |
| Product URL: | http://www.firm58.com/software/sell_side |
| Description: | Firm58's Profitability analysis solution quickly calculates daily net profitability and share data via permission-based online dashboards to help clients gain insight into margins, liquidity and income analysis. Automate analysis of variable and fix-cost trade activity and understand profitability drivers. |
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| Name: | CSA/CCA/Soft Dollar Program Management by Firm58 |
| Product URL: | http://www.firm58.com/software/sell_side |
| Description: | Firm58's CSA/CCA/Soft Dollar solution allows clients to offer a high-value program to their customers and participants via a web-based, self-service interface. The solution automates CSA/CCA invoicing and payment workflow and is highly configurable to fit specific program needs. Web-based access provides participants with trade and status details. View pending and live balances, credits and payments, invoices in the queue, audit trail and copies of invoices in one place. Payment requests can be made online. |
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01/27/2011 09:02AM by tracih
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Firm58 Trade Processing Activity More Than Doubled in 2010
Jan 27, 2011 - 0 comments
Mike Plunkett Appointed to Board of Directors of Firm58
Jan 11, 2011 - 0 comments
Firm58 Provides Online Billing for CBOE Holdings' C2 Options Exchange
Dec 20, 2010 - 0 comments
Firm58 at the Chicago Trading & Investing Summit 2010
Oct 12, 2010 - 0 comments
Broker Trading Profits at Risk Without Advanced Technology to Manage Revenue, Aggregate Client Data
Oct 12, 2010 - 0 comments
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