Firm58 Overview
Firm58 simplifies trade operations for capital markets firms. Our web-based financial management software provides insight into daily profitability, automates full-cycle billing activities, and manages CSA/CCA/soft dollar programs to help increase a firm's revenue, operational efficiency, and reduce costs. The technology platform automates middle- and back-office processes across asset classes...More»
Firm58 simplifies trade operations for capital markets firms. Our web-based financial management software provides insight into daily profitability, automates full-cycle billing activities, and manages CSA/CCA/soft dollar programs to help increase a firm's revenue, operational efficiency, and reduce costs. The technology platform automates middle- and back-office processes across asset classes including equities, futures, options, foreign exchange and fixed income. Firm58 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, and 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 |
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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11/24/2009 12:52PM by tracih
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Boston Options Exchange Selects Firm58 For On-Demand Billing
Feb 4, 2010 - 0 comments
The Boston Options Exchange (BOX) Selects Firm58 for On-Demand Billing
Feb 4, 2010 - 0 comments
Firm58 Completes SAS 70 Certification
Jan 6, 2010 - 0 comments
ELX Futures Selects Firm58 For Post-Trade Revenue Management
Nov 24, 2009 - 0 comments
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