+ Firm58 Breakthrough Technologies
Only Firm58 delivers the three breakthrough technologies critical to transform inefficient post-trade management and unify the financial enterprise.
Multidirectional Transparency
- Designed from the ground up with a focus on integration
- Tri-level integration model provides a single, cohesive point of connection: service-to-internal, service-to-service, service-to-business partner
Software-as-a-Service
- Network-delivered web-based services
- Subscription pay-as-you-go revenue model
- No payments until operational
Dynamic Post-Trade Management
- Single view of the customer
- Real-time visibility enables proactive business management
+ Firm58 Transaction Services
The Firm58 Transaction Services (FTS) are web-based on demand services that automate the financial supply chain. FTS allow companies to utilize trade data across asset classes, launch new products quickly, improve risk management, and enhance customer service.
+ Firm58 Transaction Network (FTN)
The FTN acts as a central conduit through which companies, their customers, and their business partners can send and receive data in their preferred format.
- Standards based (ebXML, FIXML, FPML, SWIFT) Internet messaging service
- Secure, reliable, encrypted, XML messaging
- Network backbone for all Firm58 Transaction Services
+ Asset Library
An intelligent, fully configurable data repository and notification system containing complete specifications for all financial assets.
- All asset classes (stocks, futures, options, user-defined, bonds, etc.)
- Maintains detailed asset information
- Identifiers—symbols, CUSIPs, names and aliases
- Rules—settlement, reporting, clearinghouses, regulatory, margin/credit, exercise & assignment, ledger
- Events—corporate actions, expirations, splits, dividends, symbol changes, mergers
- Valuations—end of market prices
- Relationships—underlying asset, options derivatives
- Maintains holidays, sessions, and clearing marketplace
+ Revenue Management
A fully integrated, automated service for managing all financial transactions.
Billing Manager
- Manages all billing functions (Generation -> Publishing -> Reconciliation -> Collection)
- Promotional, transactional and non-transactional rates supported
- 3rd party billing and electronic invoicing
- Soft dollar management
- Integration with existing accounting and CRM systems
Commissions Manager
- Calculate payouts based on system attributes (assets, fees, etc.)
- Generate payouts for any member or business unit of the firm
- Real-time online commission statements
Reconciliation Manager
- Automatically reconcile activity with inbound invoices (e.g. exchange, ECN, etc.)
- Exception based error identification
- Automatically apply adjustments
+ Universal Ledger
An inventory system that records and tracks purchases and sales of all assets.
- Enterprise-class general ledger
- Maintains all asset balances (cash balances and positions)
- Portfolio management
- Matching algorithms
- First-In First-Out (FIFO), Intraday FIFO, manual/no matching, etc.
- Calculates the following metrics
- Net and gross realized and unrealized profit/loss
- Gross long and short, net position
- Account and portfolio market value
+ Business Analytics
Provides insights to operations, financials and customers.
Operational Analysis
- How many trades/orders are processed each day?
- How many errors occur each day and where do they originate?
- Who is responsible for the error and how long does it take to repair?
- What are the hard dollar costs associated with each error?
Financial Analysis
- What is the real cost of a trade/order?
- What is the profit margin on a trade/order?
- What is the impact on revenue of raising prices (hypothetical pricing)?
- Do you have optimal commission, payout and rebate structures?
- What are your brokerage, clearing and execution fees?
Customer Analysis
- Who are your most/least profitable customers?
- What markets have the best margin?
- What are your business volumes by contra party?
- What contra parties are the most/least profitable?