TSI

Name

TSI

Legal name

TSI, Inc.

Website

https://totsys.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Commission Management Software

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Independent Broker-Dealer / Registered Representative Networks (FSAEACAG)

Keywords

• Commission management software
• Soft dollar programs
• Commission sharing arrangements
• Broker commission tracking
• Institutional trading commissions

Headquarters

HQ city

East Brunswick

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. CAS Software Licenses: CAS Commission Allocation System available as client/server software for larger installations, or ASP-hosted version for smaller operations. Multiple deployment models: outsourced ASP-hosted, leased internally, lease-to-own, or full system purchase with custom enhancements.
2. Firmview Portal Access: Firmview online multi-broker platform for investment managers. Money manager logins are free for managers to review and approve invoices. Revenue comes from broker/dealer subscriptions.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

TSI provides commission management software for institutional broker/dealers and investment managers. Its flagship product CAS (Commission Allocation System) processes trades, calculates commissions, manages credit, integrates with accounts payable, and generates statements for soft dollar, commission recapture, directed brokerage, and commission sharing programs. The companion Firmview portal serves as a secure online multi-broker interface where investment managers review and approve invoices, view balances, manage CCA payment instructions, and access trade details across multiple broker relationships.

Product overview

TSI offers a unified platform for commission management consisting of two integrated products: CAS (Commission Allocation System) and Firmview. CAS is the core backend commission management software that handles trade processing, commission calculations, credit tracking, and accounts payable integration for broker/dealers. Firmview is the client-facing web portal that provides investment managers with secure access to review and approve invoices, view balances, manage payment instructions, and access trade details across multiple broker relationships. The two products work together as a complete end-to-end solution for soft dollar, commission recapture, directed brokerage, and commission sharing programs.

Differentiator

Problem solved

Functional benefit

Products and services

• CAS (Commission Allocation System) Modular client/server commission management software for institutional broker/dealers handling trade processing, commission calculations, trade credit computation, accounts payable integration, client balance accounting, payment/vendor solutions, and statement generation. Available as locally installed client/server software or ASP-hosted online version with full multi-currency support and automated trading system integration.
• Firmview Secure online multi-broker portal for investment managers to review and approve 28(e) invoices, create CSA/CCA payment instructions, review balances at each broker, view/download trade details, and access current and archived statements. Provides a single login to manage relationships with multiple broker/dealers and interfaces with broker CAS systems via a secure proprietary data interchange specification.

Quantifiable outcome

• CAS deployment can be customized and implemented in 4-6 weeks
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Scale indicators6 records

Recent moves3 records

Expansion highlights4 records

Others

• IPC Systems: IPC Systems provides financial communications infrastructure and trading turret/connectivity solutions for broker-dealers. As an ecosystem participant serving TSI's customer base, IPC is adjacent rather than directly competitive to TSI's commission management products.
• S&P Global Market Intelligence: S&P Global Market Intelligence provides financial data and analytics, including commission benchmarking and trade cost analytics. It does not directly compete with TSI's commission management software but addresses adjacent buy-side and sell-side workflows.

Broad incumbents

• State Street (Charles River Development): State Street's Charles River Development provides comprehensive order management and portfolio management with embedded commission management modules — a broader suite competing against TSI's specialized commission allocation focus.
• ION Group (Fidessa): ION acquired Fidessa and provides trading and connectivity platforms with commission management capabilities for broker-dealers. As a broad incumbent, ION competes with TSI's specialized commission focus via its trading platform portfolio.
• Bloomberg L.P. Bloomberg's AIM (Asset & Investment Manager) and EMSX include commission tracking and allocation workflows for buy-side and sell-side desks. While primarily a data and analytics platform, its workflow tools overlap with TSI's Firmview functionality.
• FIS (Fidelity National Information Services): FIS (including legacy SunGard) provides end-to-end financial technology solutions including brokerage platforms with commission processing capabilities. As a broad incumbent, FIS competes with TSI in commission processing infrastructure for broker-dealers.

Emerging players

• TraditionDATA: TraditionDATA provides commission benchmarking and analytics data for institutional brokers and asset managers. While not a direct commission management platform, it serves adjacent buy-side and sell-side decision-making and intersects with TSI's customer base.

Direct peers

• SS&C Eze Software: SS&C's Eze platform provides order and execution management systems for buy-side and sell-side firms, with commission tracking and allocation modules that overlap directly with TSI's CAS Commission Allocation System.
• FlexTrade Systems: FlexTrade offers multi-asset execution management systems with integrated commission tracking. Its broker-neutral execution platform competes directly with TSI's CAS in serving institutional broker-dealers and asset managers.
• Broadridge Financial Solutions: Broadridge provides post-trade processing and proxy services to broker-dealers, including commission management and recapture solutions. It competes directly with TSI's CAS in the institutional brokerage commission management niche.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TSI