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May 25, 2015 9:44 PM ET

Internet Software and Services

Company Overview of Firm58, Inc.

Company Overview

Firm58, Inc. provides financial management software solutions. Its software-as-a-service platform automates middle- and back-office processes to provide insight into daily profitability and protect revenue. The company’s Web-based financial management software enables capital market companies to simplify and manage the processes associated with fees, commissions, and payouts. It offers Firm58 Platform, an integrated platform for large and small capital market companies; accounting and position, billing, compensation, and profitability analysis product solutions; and execution venue, trading firm, and broker/dealer solutions. The company also provides a Web-based solution that automates the i...

130 South Jefferson Street

Suite 200

Chicago, IL 60661

United States

Founded in 2005

Phone:

866-429-7032

Fax:

312-275-7801

Key Executives for Firm58, Inc.

Chief Executive Officer, President and Director
Co-Founder, Chief Technology Officer and Director
Co-Founder
Director of Implementation Services
Compensation as of Fiscal Year 2014.

Firm58, Inc. Key Developments

Firm58, Inc. Launches New Compliance & Surveillance Solution

Firm58, Inc. has launched its new compliance & surveillance solution for broker dealers. The new solution will assist brokerages with adhering to the regulatory bodies' broadening definitions of suspicious behavior, by detecting the accountable party and corresponding trades. Firm58's compliance & surveillance solution for equity & option broker dealers provides companies with top flight trading surveillance and transparency. It creates daily' exception dashboards' that are tailored to the needs of compliance officers and senior management. The new product also actively scans for and compiles suspicious activity or red flags that could be traced back to market manipulation. The solution is built to detect patterns, and specific issues, such as order spoofing and quote-stuffing. Order spoofing occurs when a trader places a large buy order and then quickly cancels it, making it appear that there is high demand for the stock. Quote-stuffing is a tactic of quickly entering and cancelling large orders to flood the market with quotes that competitors have to process, inhibiting their high frequency trading abilities. Other exceptions that the solution is equipped to detect include Large Orders, Order Exceptions on Close, Odd Lots, Short and Wash Sales and 'Marking the Close. This new program uses the same foundation of aggregating order and execution data as other Firm58 solutions for Billing, Profit Analysis and CSA management.

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