Firm58 simplifies trade operations for capital markets firms. Our web-based financial management software manages the processes associated with fees, commissions and payouts. Firm58's Software as a Service (SaaS) platform automates middle- and back-office processes across asset classes to provide insight into daily profitability, increase operational efficiency, and protect revenue. We offer solutions for billing, profit analysis, commission sharing arrangements/soft dollars and compensation management. Unlike point solutions that address narrow business challenges, or expensive legacy systems that are difficult to integrate, Firm58's solutions are designed for the complexity of post-trade processes, yet are cost-efficient and easy to deploy.
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.
Established in 2007 from the merger of Mellon Financial Corporation and The Bank of New York Company, Inc., BNY Mellon is a leading asset management and securities services company, uniquely focused to help clients manage and move their financial assets and succeed in the rapidly changing global...
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Firm58's Billing solution provides immediate visibility into revenue streams, improves transparency and customer satisfaction, and automates and expedites full-cycle billing activities. Automated bill calculation, cost-plus billing, bill generation/presentation, and collection and payment... Read more
Firm58's Profit Analysis solution calculates daily net profitability and provides 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. Read more
Firm58's CSA/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 client commission agreements, commission sharing arrangements, invoicing and payment workflow and is highly... Read more