Firm58 Solution Overview

Firm58 is a FinTech trade operations SaaS platform.

Why Firm58?

Manage billing, payments, compensation, positions and client commission agreements across asset classes — including equities, futures, options, foreign exchange and trade income.

Firm58 is used for:

  • Automated invoicing for capital markets firms
  • Market trading profit & expense analysis
  • Trade compliance & surveillance
#

MARKET TRADING PROFIT & EXPENSE ANALYSIS

  • Daily visibility into revenue streams and shortening of the billing cycle, resulting in improved transparency, more satisfied customers and faster payments
  • In-depth analytics to drive better decision-making, leading to increased profitability, including the ability to verify monthly execution invoices and other features, down to measuring the effectiveness of a specific region, desk or even trader, and the profitability of each client
  • Ability to automate accounting processes for soft dollar programs, payment requests and payment reporting with transparency that enhances customer satisfaction and improves loyalty

TRADE COMPLIANCE & SURVEILLANCE

  • Daily online coordination and review of trading regulatory activity to ensure firms are meeting growing requirements
  • Ability to track and manage trades to create an audit trail and reduce firm risk

NEW GENAI COPILOT FEATURE

Firm58 CoPilot, powered by GenAI, automates the process of analyzing trade reports, offering detailed insights into asset fees, commissions, trade volumes, and more. Users can initiate this feature by simply clicking the "Generate Insights" button in the Firm58 Analysis/Reports section. CoPilot then scans the data to provide a concise textual summary that highlights key trading activities and financial metrics. This enables faster, more informed decision-making, and aids in both compliance monitoring and financial planning.

BENEFITS
  • Time Efficiency: Automatically summarizes reports, allowing users to get quick insights without sifting through dense financial data.
  • Actionable Intelligence: Offers concise summaries that spotlight key trading activities and major expense contributors, leading to informed decisions.
  • Compliance and Planning: Helps with compliance monitoring by summarizing complex financial data, also aiding in better financial planning.
     

Resources

Firm58 Consulting Services
Firm58 Consulting Services
Download
Firm58 Support Services
Firm58 Support Services
Download
Firm58 Product Overview
Firm58 Product Overview
Download

COMPLEMENTARY IGNITETECH UNLIMITED SOLUTIONS

Check out the solutions below, available free as part of your Firm58 subscription:

Blog Posts

AI-First Thinking for Businesses with Eric Vaughan at ImagineAI NYC 2024

Aug 6, 2024

AI-First Thinking for Businesses with Eric Vaughan at ImagineAI NYC 2024

Discover the future of AI at ImagineAI NYC 2024 with Eric Vaughan presenting groundbreaking…

Read More
Are AI users happier and more creative?

Jul 22, 2024

Are AI users happier and more creative?

Explore the intriguing connection between AI use and workplace satisfaction. This blog explores…

Read More
Ask, don’t click: a new way to navigate IgniteTech’s website

Jul 17, 2024

Ask, don’t click: a new way to navigate IgniteTech’s website

Whether you are looking for product details or trying to understand how our services can help your…

Read More
Announcing IgniteTech Insights, our New ML/AI Offering

Oct 21, 2020

Announcing IgniteTech Insights, our New ML/AI Offering

New capabilities advance mission-critical Expert System processes

Read More
How Unseen Costs Are Hurting Your Business's Bottom Line

Apr 10, 2019

How Unseen Costs Are Hurting Your Business's Bottom Line

To maintain healthy bottom lines, organizations should consider their options for identifying and…

Read More
Why You Need to Switch to Time-Driven Activity-Based Costing Now

Jan 4, 2019

Why You Need to Switch to Time-Driven Activity-Based Costing Now

If you haven’t already made the switch to a time-driven ABC model, here’s why you shouldn’t wait any…

Read More

Speak with an IgniteTech Expert

Just complete this quick form and we'll connect you to the right people at IgniteTech who can help you.