Back Office: What It Means in Business, With Examples

You will be able to access all your transactions within seconds and will be able to set workflow templates based on transaction type and agent role in the transaction. In addition RBO will notify you the second an agent completes or uploads important documents so that you can review and make sure the task is in compliance. This will all insure that your agents are ALL following the same protocol which will result in less errors and the ability to detect potential risks before they arise. We offer up to 20 years of fundamental data for backtesting, not just 10; and we just expanded our coverage to 6500 European companies so our service is definitely suitable for international stock investors. Stock backtesting is a process used to test if a set of technical or fundamental criteria for stock selection has resulted in profitable trades in the past.

back office software for stock brokers

The Breakout Long strategy discovers where stock price breaks out through a key resistance or new highs. The Pullback Short strategy identifies a short pullback opportunity in price. Finally, the Breakdown Short backtested finds shorting opportunity where upward momentum breaks down. The AI algorithms developed by Trade Ideas are the main reason you want to sign up. I had a lengthy zoom session with Sean Mclaughlin, Senior Strategist over at Trade Ideas, to delve into how the AI works, and I was very impressed. This company is laser-focused on providing traders with the best data-supported trading opportunities.


With a modern back office, finance teams achieve return on investment by accelerating time-to-market for new products and services, adopting more profitable and compelling pricing models, and streamlining O2C. In fact, according to an analysis by MGI research, modernizing the O2C process alone typically delivers an ROI of 15–28 percent. Armed with the right data and technologies, today’s finance teams can do much more than manage compliance and risk. They can provide valuable strategic guidance to sales and marketing, advance new pricing models, and streamline the path from order to cash. The key is rethinking the back office solution and demanding more from your staff and your technology. Finance departments are known as the back office, and they have traditionally taken a back seat in terms of influencing business growth and strategy.

MetaStock is one of the few vendors that take forecasting exceptionally seriously. The system backtesting is excellent because it allows you to test if a theory, idea, or set of analyses has worked in the past. Forecasting takes it to a whole new level by playing forward the backtesting to see how successful you might be with a strategy under certain circumstances. The configurable nature of the reporting for both backtesting and forecasting results is powerful. MetaStock harnesses many inbuilt systems and Expert Advisors to help you as a beginner or intermediate trader understand and profit from technical analysis patterns and well-researched systems.

Tickeron has implemented a powerful feature called AI Confidence level. Based on the history of the stock, the success rate of a particular pattern, and the market’s current direction, Tickeron can assign a confidence level to a trade prediction. You have other options if $199 per month for the Refinitiv Xenith + MetaStock package is too much. If you simply want the end-of-day data and all the MetaStock functionality for backtesting & forecasting, the price starts at $69 per month for MetaStock D/C. You can even buy one-off licenses if you prefer. How to Backtest a Stock Screen in Stock RoverThe Liberated Stock Trader Beat the Market Screener seeks to select stocks with a significant chance of beating the S&P500 returns. The screener uses growth in free cash flow and explosive EPS growth.

You can chat live with a trading specialist and even share your screen without leaving the app. The holistic broker-dealer application at ETNA Trader is a perfect match for retail brokers, FinTech Farmers and individual Traders. We present an excellent opportunity for you to learn and succeed in a career in software development, corporate operations and product management. Quick account monitoring options with real-time access to account balances, orders and positions. Broker-dealers can easily promote their business’ identity while creating a cohesive look for clients.

Commission Automation

Whether you want to day trade equities on the Hong Kong stock exchange or speculate in futures options on the Mexican Derivatives Exchange, Interactive Brokers makes it possible. A total of 135 markets in 33 countries are available for trading. TD Ameritrade’s courses feature progress tracking and gamified elements, rewarding progress with points and badges. Topics include more advanced subject matter like technical analysis, income investing and options trading. Our ratings take into account the range of fees, features and tools offered by each online broker platform.

  • A good backtesting system will report executed trades, the trade duration, the win/loss ratio, and the drawdown and compounded return.
  • It has high turnover as it relies greatly on the most recent quarterly earnings announcements and, via sentiment ranking, analyst estimates and recommendations”.
  • With Wealthica, you always have your net worth in your pocket.
  • Some brokers have live agents available 24/7 by chat and phone while others only offer support via email.

In this video, B2Core Product Manager, Ivan Navodnyy, talks about one of B2Broker’s flagship products, B2Core. Ivan explores how this industry-leading CRM/traders room solution embraces a huge range of capabilities to offer a unique, customisable service for clients that can be easily tailored to fit each type of organisation. Some firms offer incentives to employees and applicants who accept remote positions. For example, a financial services firm that requires high-level accounting could offer a $500-per-month housing subsidy to experienced CPAs to work from home.

However, if you’re investing money that you plan to use before retirement age, then you might opt for a taxable brokerage account. These accounts can still be used to invest for retirement as well as goals you’d like to reach before then. Over decade of expertise developing software for capital markets and industry recognition allowed us to build a versatile stock trading engine that is both rich in functionality and customizable.

Best Forex Back Office Software Provider 2022

Financial software should cater to investors, not the other way around. Real estate brokerage systems can work as a fully-integrated solution with accounting, CRM, commissions and sales analysis, or it can be a single-application solution providing one of those needed tools . Real estate brokerage software can also include back office software for stock brokers investment analysis tools, which let you evaluate investment properties to determine if they would be profitable for your real estate business to pursue. Trade Ideas has three AI algorithms that automatically backtest stock chart patterns and volume conditions to find high-probability trades for day traders.

back office software for stock brokers

Give your back office the tool it needs to close faster, pay faster, and eliminate repetitive data entry. Go ahead and pick any of the ones we have reviewed and watch your trading endeavors go a notch higher. These programs allow you to speed up the process of creating algorithms and strategies, while also helping you confirm their validity before you invest in them. Several platforms perform well when it comes to backtesting and it all depends on what you want to achieve. You want to make sure that the company selling you this software will be able to answer any questions you have about it, and help troubleshoot any issues that might come up along the way.


At Claritus, we believe that you should have a clear, and understandable view of your assets and investments, without requiring a Master’s degree in Finance! We know your privacy and security are of the utmost importance to you, which is why we are committed to the highest standards of data security and encryption. Claritus lets you access, track, and be in full control of your portfolio, all from ONE convenient interface. In a choppy sea of apps, services, and spreadsheets, Claritus is your beacon in the dark.

back office software for stock brokers

Because the platform is built from the ground up to automatically detect trendlines and Fibonacci patterns, it already has backtesting built into the heart of the code. The only thing you cannot do is forecast and implement Robotic Trading Automation, but that is typically what broker-integrated backtesting tools perform. They have implemented backtesting straightforwardly and intuitively.

Stock Portfolio Management Software Features

To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners. To learn more about our rating and review methodology and editorial process, check out our guide on How Forbes Advisor Rates Investing Products. Over 300 branch offices are available for in-person support nationwide. In addition, for individuals who prefer the one-on-one experience with a consultant, Schwab offers an extensive branch network across the United States. Schwab’s chat support with a human operator answered almost immediately, a rare luxury.


A good Forex CRM also incorporates a range of useful tools to assist in this process including trading analytic and reporting tools. Interactive Brokers’ Trader Workstation desktop platform offers Level II market data, advanced charting, technical analysis tools, scanners, alerts and Bloomberg TV streaming. Popular features among professional day traders, such as “hot keys,” are also available. Add you brand, set up rules, pick design, localization, data partners and asset classes to trade with a click of a button. ETNA Trader is a 100% white label broker trading software, no strings attached. Designed with clients first approach ETNA Trader platform allows infinite capabilities for branding and customization, so that your business could stand out in the crowd.

Mobile Trader

It also detects in real-time when your strategy stops working and then executes the best course of action based on your risk tolerance level. If you are a novice trader or considering starting to trade the financial markets, then Trade Ideas will help you with your journey. All you need to do is run your strategy based on historical data. Up to 50 client files with full fact find and KYC documentation. Create your own compliance procedure using up to 10 bespoke fields.

Copying client data into relevant fields within a lending software that brokers are required to use so that the final submission can be made Item 2 would seem to be the largest body of work. From some research I have done a good approach could involve implementing Random Forest machine learning, but I am open to suggestions. I am also open to Freelancers who can provide additional services or referrals to people who can set up the UX once the AI has been trained.

Comprehensive real estate broker management solutions include back-office accounting features to help provide automation and control in terms of company financial management. It’s the fundamental challenge of the real estate brokering industry. Behind that simple challenge is an enormous amount of complexity, though. In order to manage that complexity, real estate brokerage companies are increasingly looking for software-based agency management solutions. Read on to find out about the software available to real estate brokers and how it can benefit your business.

Apex Softcell is dedicated in providing the brokers services and solutions that need to meet their business goals. One reason behind our competitive edge is that we can find better solutions by combining different kinds of experiences and ways of thinking. Stop creating, maintaining and sharing trading spreadsheets that are outdated the minute they are created. Generate real-time reports, accessible from anywhere by your users. Increase retention and customer lifecycle by improving the client experience. Help your clients by discovering what really goes on with their trading decisions.

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