Do you have immediate visibility into the clients, traders, and venues that generate the most business for your firm? How do you determine where to route trades on a daily basis in order to maximize profit? In a constantly changing market environment, access to granular-level costs across a wide range of factors can have a major impact on your business. Firm58 quickly calculates daily net profitability — taking into account all of the costs affecting that trade — and rolls this information into real-time reporting that can be shared across business units. Gain insight into margins, liquidity, and income, and automate variable and fixed-cost trade activity across assets with Firm58′s Profit Analysis solution.

Product Capabilities

Cost analysis and expense management

• Programmatically implement frequent exchange/ECN fee schedule changes and rebates with ease
• Calculate and report actual trading volume and liquidity costs based on a number of factors (e.g., trade venue/route, price, symbol, class, tape, order/trade type, lot)
• Automatically track non-trading related charges such as technology, data, connection, workstation, device charges and other expenses
• Seamlessly integrate data from multiple trading systems and clearing firms

Daily visibility and performance reporting

• Model complex expense structures for both trade and non-trade-related activities
• Obtain detailed reports by trader, client, symbol, trend to understand daily net profitability
• Conduct firm-wide cost analysis to determine highest spend, top and bottom performing clients, traders, and liquidity pools by business unit, volume, fees, etc.