Middle- and 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 audit 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 distinct types of instruments and more than 2000 OTC trades per day.
Integrated technology solutions incorporate innovative proprietary applications as well as leading edge commercial software. GlobeOp's technology platform represents more than 500 employee-years of development and, in 2007, $22.4 million of investment.
Middle- and Back-office Services Overview
- 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
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
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.