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Firm58

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Firm58 helps capital markets firms discover new paths to efficiency and profitability. Our web-based financial management software helps increase a firm’s revenue, operational efficiency, and reduce costs to provide greater profitability.

The Firm58 trade operations platform helps manage billing, payments, compensation, positions, and client commission agreements (CSA/CCA/soft dollars) across asset classes including equities, futures, options, foreign exchange and fixed income. The platform automates complex processes to provides a view of daily profitability. Firm58 customers include global market exchanges, leading institutional brokerages, clearing and non-clearing broker/dealers and proprietary trading firms.

Firm58 was founded in 2005 by industry veterans with experience building world-class software for some of the largest firms in capital markets. The company is backed by top-tier venture capital firms including North Bridge Venture Partners and New World Ventures. Firm58 is focused on bringing capital markets firms the very best in new technology to radically improve middle- and back-office business processes.

Milestones

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• 
  Firm58 added Doug Donohoe as VP of Engineering. (5/27/10)
  Posted 6/16/10 at 2:16pm
• 
  Firm58 added Doug States as CFO.
  Posted 9/1/09 at 11:50am
• 
  Firm58 added Jonathan Arney as VP of Sales.
  Posted 5/15/09 at 8:12pm
• 
  Firm58 added James Mullen as Co-Founder & Chief Technology Officer.
  Posted 5/15/09 at 8:12pm
• 
  Firm58 added Samuel Mele as Co-Founder & Managing Director.
  Posted 5/15/09 at 8:12pm
• 
  Firm58 added Nick Fera as CEO.
  Posted 5/15/09 at 8:12pm
• 
  Firm58 received $7M in Series C funding. (6/3/10)
  Posted 6/4/10 at 5:57am via pehub.com
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  Firm58 received $3.7M in Series A funding. (4/4/07)
  Posted 4/5/10 at 5:57am via firm58.com
• 
  Firm58 received $8.5M in Series B funding. (5/1/08)
  Posted 5/15/09 at 8:10pm
• 
  Firm58 — Macro Risk Advisors Selects Firm58 for Post-Trade Profitability Analysis (3/22/11)
  Posted 3/22/11 at 7:48am via msn.com
• 
  Firm58 — Firm58 Provides Online Billing for CBOE Holdings’ C2 Options Exchange (12/20/10)
  Posted 1/27/11 at 8:53am via wallstreetandtech.com
• 
  Firm58 — Firm58 Trade Processing Activity More Than Doubled in 2010 (1/27/11)
  Posted 1/27/11 at 8:51am via firm58.com
• 
  Firm58 — The former president of Instinet North America brings deep financial services experience to the software provider’s executive board (1/11/11)
  Posted 1/27/11 at 8:47am via typepad.com
• 
  Firm58 — Firm58 Selected by Lightspeed Financial to Power Middle Office (10/18/10)
  Posted 11/10/10 at 2:11pm via mondovisione.com
• 
  Firm58 — Hottest Midwest Companies Awards announced by Lead411 (7/21/10)
  Posted 10/12/10 at 7:26am via prweb.com
• 
  Firm58 — Firm58 Exceeds Milestone of 100 Million Daily Transactions Under Contract (7/21/10)
  Posted 10/12/10 at 7:26am via securitieslendingtimes.com

Videos

Screenshots

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Above: Firm58 Website
Uploaded: 10/13/10

Sources

1. Firm58 Fueled by $3.7 Million Venture Capital (firm58.com) [edit]
2. Cap Funding Report [edit]
3. Firm58 Raises $7 Million (pehub.com) [edit]
4. Firm58 Press Release (firm58.com) [edit]
5. BusinessWeek (investing.businessweek.com) [edit]
6. Reuters (reuters.com) [edit]
7. http://firm58.com/news_room/SAS70 (news.moneycentral.msn.com) [edit]
8. NYSE Euronext Outsources Billing to Firm58 (advancedtrading.com) [edit]
9. Firm58 exceeds 100 million (securitieslendingtimes.com) [edit]
10. Hottest Midwest Companies Awards announced by Lead411 (prweb.com) [edit]
11. Firm58 Selected By Lightspeed Financial To Power Middle Office - Firm58 To Manage Lightspeed's Revenue, Expense, Billing, And Soft Dollar Programs On One Integrated Platform (mondovisione.com) [edit]
12. http://advancedtrading.com/infrastructure/229000460 (nickfera.typepad.com) [edit]
13. http://tinyurl.com/ycauonq (firm58.com) [edit]
14. http://www.thepaypers.com/news/default/firm58-offers-online-billing-services-for-cboe-holdings-c2-options-exchange/742854-0 (wallstreetandtech.com) [edit]
15. Macro Risk Advisors Selects Firm58 for Post-Trade Profitability Analysis (money.msn.com) [edit]