Trading & Risk Management Customers
BACK OFFICE MANAGEMENT
Efficiency, transparency and speed are the watchwords of the Back Office, whose smooth-running is critical to the modern financial institution. An effective Back Office plays a major role in increasing profits and improving operational efficiency. To do this Back Office Managers must be able to identify and resolve issues quickly while reducing the cost per trade and the need for manual intervention. To support this role, integrated and powerful front-to-back office systems are required - particularly as higher trading volumes and complex products have increased the need for seamless integration.
Key Challenges in Back Office Management
Automation of STP workflow
Financial institutions require trading and risk management platforms that enable them to reach high levels of automation, remove the need for manual intervention and bring immediate cost benefits
Need to configure systems to match front-office events
Customers require an end-to-end process from Front to Back Office, covering all asset classes
High Volumes
The growth in flow-products trading requires post-trade systems to efficiently process high daily volumes
Full Asset Class Coverage
The fluid asset class strategies used in the Front Office require Back Office technology to remain flexible - modern back offices must be able to respond quickly to business requirements and be capable of processing all asset classes and instruments, from plain vanilla to the most complex structured products.
Kondor+: Key Benefits for Back Office Management
Automation
Kondor+ is a market leading solution, which automates the trade process and provides full STP from Front through to Back Office, from deal capture to accounting.
Real-time monitoring dashboards are available within Kondor+ so exceptions and investigations can be controlled more efficiently.
Maximize windows of opportunity
Kondor+ provides full Front-to-Back Office coverage over the full spectrum of asset classes, including commodities.
In Kondor+, commodity instrument coverage includes OTC and Listed Options, Commodity Swaps as well as Cash Commodities
Scalable high performance
The enhanced back office architecture in Kondor+ improves the processing of high daily volumes, including peaks of activity.
Rapid implementation
Kondor+ can be implemented in as little as three months for smaller scope projects, as a result of the system's standard configurations and advanced methodology.
Full front-to-back Kondor+ implementations can be delivered in as little as six months, from project start to production
Regulatory compliance
Kondor+ includes market-leading functionality to help financial institutions to manage regulation, including 'out of the box' compliance with IFRS and IAS39.
User-defined workflow
Kondor+ enables the workflow of any organization within the system to be replicated.
A new monitoring tool brings a birds-eye view of the entire processing organization and can be fully customized to match specific user perspectives
Simplicity
The addition of new products in Kondor+ could not be easier; there is no requirement for coding, even for structured products.
