Firm58, Inc

Firm58 simplifies trade operations for capital markets firms. The company's 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. For more information, visit

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Whitepaper: Automating Post-Trade Processes Provides Insight, Efficiencies, And Savings

by Firm58, IncAug 01, 2008

The dramatic changes reshaping today�s securities industry are creating intense new pressures for financial services firms. Growing trade volumes combined with the proliferation of electronic exchanges have sharply increased trade complexity, driving up costs and processing demands. Globalization has forced companies to deal with multiple currencies, 24x7 trading, and a constant flow of cross-border settlements. Mergers and acquisitions have created integration nightmares, with companies struggling to connect highly fragmented legacy systems across multiple locations. Regulatory and legislative reforms mandate higher levels of security, risk management, and visibility across the enterprise. At the same time, market uncertainty and lower profit margins are pushing companies to improve operational efficiency, minimize staff, and shrink overhead, yet raise customer service levels. To meet these challenges, organizations have launched a wide variety of best practice initiatives and internal improvement efforts. Yet results have been mixed at best. While many companies have successfully streamlined and automated their pre-trade order management systems, post-trade systems have not evolved at the same rate. More often than not, back-office technology is aging and obsolete, relying on 15- or even 20-year-old systems that are difficult to maintain and operate. In fact, for many firms, technology actually serves as an impediment�rather than the enabler it is meant to be. The inefficiency and non-integration rife in post-trade systems frequently prevent companies from seeking valuable new customers or capitalizing on business opportunities that could strengthen their competitive position.