Trading Firm
Firm58 helps trading firms streamline and reduce operational costs by automating payouts, calculating expenses at a granular level, and tracking positions. Comprehensive reporting — accessible from a Web browser — provides insight about account, trader, and client performance, and daily net profitability across the firm.
Accelerate Payouts Without Excel
Spreadsheets and manual processes are prone to error, cumbersome to manage, and difficult to audit, yet many trading firms rely on these inefficient methods to pay traders and evaluate performance. Whether the firm is calculating trader payouts based on trading P&L or straight commission, or the back office simply needs more flexibility when it comes to assigning commissions, splits, and bonuses, Firm58 offers daily online access to payout calculations, support for multiple payout levels, and a view of historical data. View our Compensation product.
Manage Revenue and Expenses to the Penny
With the number of execution venues on the rise, and rates continually changing, it can be difficult for trading firms to verify that the appropriate liquidity rebates are being recouped and execution fees are being charged correctly. Firm58 calculates and aggregates all income and expense items whether variable or fixed and delivers comprehensive profitability reports reflecting financial information on a trade-by-trade basis. Check out our Profit Analysis product.
Effortlessly Keep Track of Positions
Trading firms need to be able to manage positions across trading groups, regardless of asset class. With Firm58, changes to asset values, asset inventories, positions and balances are recorded and the system calculates intra-day gross and net P&L (realized and unrealized). Daily, weekly, and monthly statements are accessible via the Web, so access to information is straightforward and immediate. Learn more about our Accounting and Position offering.
