PGA Golfer Jim Furyk Fires PGA record 58 in Travelers Championship; Basis of the Firm58 Name
Golfer sets record and matches the aspirational name of our firm,”58”
CHICAGO – August 8, 2016 – Firm58, a financial management software company simplifying trade operations for capital market firms, congratulates Jim Furyk on his score of 58 in Sunday’s final round of the Travelers Championship at TPC River Highlands in Connecticut.
In 2004, golf enthusiasts Sam Mele and Jim Mullen founded Firm58, basing the name from the challenge of their favorite sport and a golf score that had never been shot on the PGA tour until Furyk’s 58 on Sunday. The excitement and recognition of his achievement is precisely the reaction our founders expected given the difficulty and absence of this score in PGA history.
Celebrating this achievement, Firm58 and its employees are more than ever committed to continue to forge new and better solutions for capital markets. It reminds us of our founding purpose: to re-define middle- and back-office processes for broker dealers, exchanges and trading firms. We remain dedicated to the mission of our founders, to exceed the expectations of our clients, employees, partners and investors.
For more information, visit www.firm58.com.
Firm58 simplifies trade operations for capital markets firms. The company’s web-based financial management software manages the processes associated with fees, commissions and compliance to help increase revenue and operational efficiency, reduce costs, and remain compliant. The Software as a Service (SaaS) platform automates middle- and back-office processes across asset classes to provide insight into daily profitability and protect revenue. Firm58 offers solutions for billing, profitability analysis, commission sharing arrangements/soft dollar management, and compliance. Clients include global market exchanges and execution venues, leading institutional brokerages, clearing and non-clearing broker-dealers, and proprietary trading firms. Founded in 2005, Firm58 is based in Chicago, and is backed by Pritzker Group Venture Capital and North Bridge Venture Partners. For more information, visit http://www.firm58.com.