Middle+Back Office Trade Processing
GlobeOp’s middle+back office and fund administration (MBA) services interact with services provided primarily by prime brokers, facilitating trade processing and related trade data acquisition and processing for clients. We support many post-trade activities, from trade entry through accounting on a highly automated basis. GlobeOp has successfully completed an independent SAS 70 Type II certification of its middle+back office and fund administration services.
- Tailored, web-based outsourcing solutions based on a robust, scalable, transparent infrastructure
- Fund managers and investors are able to focus on core investing strategies and activities
- GlobeOp's scale, technology and expertise provide faster, more reliable, less expensive MBA services than most hedge fund managers can achieve in-house
- Supports a broad range of trading strategies
GlobeOp is a recognized industry leader in processing over-the-counter (OTC) derivatives, processing more than 60 different OTC instrument types for 90 clients and values approximately 85,000 OTC positions.
Integrated technology solutions incorporate innovative proprietary applications as well as leading edge commercial software. GlobeOp's technology platform represents more than 750 employee-years of development and, in 2008, $24.3 million was invested, an increase of 8% from the $22.4 million invested in 2007.
- Middle+Back Office Services Overview
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- Daily reconciliation
- Daily portfolio P&L statements
- Data aggregation and pricing
- Exposure calculations & reports
- OTC processing
- Real-time analytics
- Security master processing – monitoring and maintenance
- Trade capture.
- Service Details
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Straight-Through-Processing (STP)
Electronic prime broker links
Global support
OTC operations
Security master and pricing.Straight-Through Processing
Trades flow directly from fund managers' desks into GlobeOp's operations management and general ledger system, Advent Geneva®. Automatic trade entry reduces the potential for error associated with manual trade entry.Electronic prime broker links
Over 300 electronic interfaces with prime brokers worldwide provide timely trade, position and cash reconciliations. Automated reconciliation reduces the potential for human error.Global support
Client Service Groups, including trade operations and accounting professionals, are located in dedicated, coordinated teams in London, New York and Mumbai to support individual clients on a 24/5 basis. - OTC operations
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OTC operations include confirmation and reconciliation each business day with counterparties, margin and collateral management, and pricing support for even the most complex derivatives; full flexibility for automating uploads from client-specified market data sources; and a robust, scaleable system that adapts seamlessly to client trade volume growth or market volatility.
Security master and pricing
An in-house data services group maintains a global, centralized security master and processes corporate actions. Independent pricing, including complex financial instruments, provides accurate mark-to-market support each business day for precise P&L reporting.
Updated July 2010