Middle office

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The middle office comprises departments of a financial services company that manage position-keeping (i.e. control representation of transactions within transaction-registering system of a company). These divisions make sure these transaction representations properly capture profit flows given the technological resources. The middle office is usually part of Operations division, which normally is also in charge of settlement. Due to their critical role, Middle Office always acts in tandem with Front Office work on open markets, and is supervised by Back Office managers responsible for risk and p&l controls.