Merlin Securities picks Firm58 for CSA tech 08 December 2011Chicago Reporter: Anna Reitman
Image: Shutterstock
Merlin Securities has selected Firm58's commission sharing agreement (CSA) product to automate the processes of its soft dollar programs.
This allows the the firm to increase the size and scope of this business while giving clients greater visibility into trades, payments, credits and commissions.
"Our hedge fund clients are increasingly interested in capturing data about how trades are processed, billed and tracked," said Aaron Vermut at Merlin Securities. "Integrating Firm58's software into our own proprietary systems will help us manage that process effectively while maintaining close communication with clients and regulators."
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Shutterstock 