back office

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Back office

Brokerage house clerical operations that support, but do not include, the trading of stocks and other securities. All written confirmation and settlement of trades, record keeping, and regulatory compliance happen in the back office.

Back Office

The various administrative and support offices of a company, especially a financial services company. The back office departments handle internal accounting, compliance with government regulations, legal matters, settlements, and clearing services. While they do not generally deal with clients, they are necessary for the smooth function of the office. See also: Front office, Middle office.

back office

The physical location within a business where records are kept and processed. In the case of a brokerage firm, the back office includes the section where individual account records are kept, checks are processed, and security certificates are sent. Also called operations department.
References in periodicals archive ?
Allegro has successfully protected its clients from the Melissa and Worm viruses and now the Back Orifice 2000," said Aaron Fessler, president and founder of Allegro.
Back Orifice 2000 is a new version of Back Orifice -- a backdoor program not a virus -- initially publicly released in July 1998 (http://xforce.
The Back Orifice 2000 Trojan Horse is a malicious program that was released Saturday a the DefCon VII computer show in Las Vegas.
The July 10 version of Back Orifice 2000 poses a greater threat than earlier versions because it attacks Microsoft Windows NT -- the operating system typically employed on enterprise networks.
Back Orifice 2000, the latest in a string of Remote Access Trojans (RATs), is a Windows 9x and NT program which is comprised of two components, a server and a client.
Internet Security Systems (ISS) (NASDAQ: ISSX) today announced that in less than 24 hours its X-Force research team has decoded the protocols and encryption algorithms contained within the latest threat to networks and PCs, Back Orifice 2000 (BO2K).
Back Orifice, a remote control penetration application, silently allows hackers complete control of infected machines.
ID-Trak detects and responds to an extensive array of common Internet attacks such as Ping of Death, Syn Flood and Teardrop, as well as common operating system and application attacks, such as WinNuke and Back Orifice.