Back Office

Definition - What does Back Office mean?

Back office refers to the IT, accounting and staffing support at a bank, forex trading firm, brokerage or other financial institution. For many forex brokers, the back office is dedicated to recording trades, ensuring that trading platforms are functioning and generally making sure that trade settlement happens in an efficient manner.

ForexDictionary explains Back Office

Forex brokerages may actually share back office functions to keep costs down. Although they can outsource things like IT support and some administrative functions, most brokers need to keep a back office to ensure they meet the regulations of their home country.

Posted by:

Connect with us

ForexDictionary on Linkedin
ForexDictionary on Linkedin
Tweat cdn.forexdictionary.com
ForexDictionary on Twitter


'@ForexDictionary'
Sign up for ForexDictionary's Free Newsletter!