Firm58’s founders recognized that the growth of electronic communications networks (ECNs) had introduced a significant increase in both trade volume and complexity, and with it, a challenge for manual and outdated middle- and back- office systems. Yet, firms continued to focus on streamlining front-office systems further exacerbatering the critical operational challenges that occur after the trade is made. Recognizing that these challenges would only become more complex over time, Firm58 was created.
What’s in a Name?
Inspired by the challenge of their favorite sport and the monumental effort to redefine the middle and back office, our cofounders named the company Firm58 based on a golf score that has never been shot on the PGA tour (59 is the record).
Firm58 represents aspiration, and we strive to exceed expectations in all we do.
According to records, a 59 score has been posted six times:
- Stuart Appleby: Greenbrier Classic 2010, The Old White Course, White Sulphur Springs, West Virginia (par 70)
- Paul Goydos (PGA): 2010 John Deere Classic, TPC Deer Run, Silvis, Illinois (par 71)
- Annika Sorenstam (LPGA): 2001 Standard Register PING tournament, 2001 Moon Valley Country Club in Phoenix (par 72)
- David Duval: 1999 Bob Hope Chrysler Classic (31-28), PGA West (Palmer Course) (par 72)
- Chip Beck: 1991 Las Vegas Invitational (30-29), Sunrise Golf Club (par 72)
- Al Geiberger: 1977 Memphis Classic (29-30), Colonial Country Club (par 72)