Firm58 will automate back-office, post-trade billing processes for options floor broker, Casey Securities
Chicago (PRWEB) June 22, 2016
Firm58, a financial management software company simplifying trade operations for capital market firms, announced today its new partnership with Casey Securities, an options house and securities broker-dealer based in San Francisco.
Casey Securities will use Firm58 for its automated, post-trade billing solutions. By automating billing operations, Firm58 eliminates opportunities for manual errors and increases process efficiency.
“Manual post-trade billing practices account for a lot of reporting errors,” said Firm58 Vice President of Deployment and Client Services Lily Hwang. “We’re excited to bring a more efficient and effective back-office reporting system to Casey Securities.”
Firm58’s billing solution offers self-service features, including past and real-time access into trade activity. Customers can prepare and collect bills and payments more easily and quickly with options for customization.
“Firm58 offers a new level of data transparency and support to our post-trade processes,” said Carolyn Williams, a billing and clearing manager at Casey Securities. “We’ll have more access into trade activity than ever, streamlining our billing cycles.”
For more information about Firm58’s billing solutions, please visit https://www.firm58.com/our-products/billing-revenue-management/.
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.
For the original version on PRWeb visit: http://www.prweb.com/releases/2016/06/prweb13503942.htm