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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Operating in the Middle East since 2011, BackOffice
BackOffice Associates has now begun selling CranSoft as a solution development kit for customers to develop their own applications.
IQ BackOffice's payroll professionals are trained in all of the pertinent payroll rules and regulations necessary to build and implement a world-class payroll process without the operational overhead expenses and management time typically required, the Los Angeles based company said in an announcement.
The enhanced FNIS DPN BackOffice Accounting System v9.0 provides a robust suite of broker back office management and integrated accounting applications, transaction management, marketing, publishing and automated real estate listing download capabilities.
"As companies turn away from Microsoft's restrictive and costly licensing policies and look for backoffice alternatives, SCO will have a low-cost suite offering that customers will find appealing," said Louis Imershein, senior product manager, SCO Business Solutions Group.
In fact, it would really help if the configuration tools for a high-availability I/O subsystem were aware of the I/O characteristics of the underlying databases and BackOffice tools.
The deal is expected to involve hosted services for Office and BackOffice. Formed from the merger of USWeb with the CKS Group at the end of last year, the Santa Clara, California-based professional services firm has already been working with Microsoft on implementation services for Microsoft Exchange.
Proginet has also announced that the latest version of SecurPass has received Microsoft BackOffice certification.
One example is Platinum ERA, an award-winning enterprise application suite for the Microsoft BackOffice platform developed by Platinum software Corporation of Irvine, California.
Infolink Information Services, Inc., Fort Lauderdale, Fla., has launched The BackOffice Support & Consulting Center.