back office

Definitions (2)

1. The administrative functions at a brokerage that support the trading of securities, including trade confirmation and settlement, recordkeeping, and regulatory compliance.
2. More generally, administrative functions that support but are not directly involved in the operations of a business, such as accounting and personnel.

Use back office in a sentence

Stunned by the differences in his portfolio, he realized that the back office was doing a stellar job of harnessing any regulatory changes to their advantage.

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Many companies underestimate the value of organization in their back office which is the area of a business that controls many of the essential actions such as balancing of the books, hiring, and maintaining inventory control.

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The stock broker relied heavily on his company's back office to take care of things like ordering supplies, imaging and filing documents, maintaining the appointment calendar, and answering the phone lines.

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