24 August 2017
Visit http://response.ncr.com

Lightspeed Financial selects Firm58 to power middle office

18 October 2010  |  2225 views  |  0 Source: Firm58

Firm58, a leading financial management Software-as-a-Service provider, today announced that it has been selected by Lightspeed Financial to manage an integrated middle-office platform, including such processes as financial reporting, revenue and cost analysis, soft dollar management, and bill generation and publication.

Lightspeed is a leading provider of direct market access trading technology, risk management solutions, and brokerage services for professional retail active traders and institutional investors.

Firm58 will roll out its middle-office services for Lightspeed during the fourth quarter of 2010.

"As a broker dealer with a sophisticated and growing client base, it is imperative that we employ equally as sophisticated and transparent services to manage our trading operations," said Stephen Ehrlich, chief executive officer, Lightspeed Financial, Inc. "By consolidating many of our middle-office functions with Firm58, we are able to accomplish those goals and achieve significant operation efficiencies in the process. This is a win for our clients and a win for us."

"We are thrilled to be partnering with Lightspeed to manage and integrate its middle-office platform," said Nick Fera, chief executive officer at Chicago-based Firm58. "Recent industry research indicates that the leaders among brokerages will be those firms, like Lightspeed, that proactively manage service and measure costs across their trading relationships."

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.worldpaymentsreport.comvisit www.vasco.com

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
21035 views comments | 43 tweets | 88 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12045 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11392 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11193 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10876 views 0 | 7 tweets | 1 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job