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 ?
NET ensures operators have consistent access to their back office applications regardless of an Internet connection.
CHFS will offer hedge funds a comprehensive, hosted suite of front, middle and back office applications with full operations resources and support for individual hedge funds.
Project ERP, the sophisticated front and back office applications that integrate seamlessly with PPM, is gaining significant traction, allowing businesses to optimize their resources while measuring and comparing the performance of projects across the entire enterprise.
In addition to using Rodopi's OSS application to manage its retail customer base, btnaccess will offer Rodopi's hosted back office applications to its wholesale customers as part of a turn-key IP Telephony service offering.