Company Information

Get to know Firm58

Founded in 2005, Firm58, Inc. specialized in developing and providing back-office technology solutions for the capital markets industry. Its primary offerings included a Software-as-a-Service (SaaS) platform that automated critical post-trade processes such as billing, fees and commission management, clearing reconciliation, and regulatory compliance reporting (e.g., CSA, soft dollar). The company's target clients were broker-dealers, proprietary trading firms, and clearing firms seeking to streamline operations and reduce costs. In 2014, Firm58 was acquired by Options IT, which was subsequently acquired by ION Group. The Firm58 brand is no longer active, and its technology has been integrated into the ION Group's portfolio of financial technology solutions.

Industry

Technology Software DevelopmentPRIMARY
Financial Other Service
Financial Payment

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Firm58

United States

Founded in

2005 (21 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.