Back Office & Clearing Solutions

Real-time post-trade processing and risk management for multi-asset portfolios
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Back Office Overview

Touch-Fire's Back Office and Clearing solution delivers real-time position management, margin calculation, and comprehensive reporting for brokers, clearinghouses, and exchanges. Built on our event-driven architecture, our system processes transactions as they occur, eliminating the limitations of traditional end-of-day batch processing.

Our flexible account structure supports everything from retail traders to institutional clients with complex hierarchies, clearing members, and white-label arrangements. The system handles multiple asset classes, currencies, and regulatory regimes within a single unified platform.

Key Features

Real-Time Processing

Real-Time Processing

Instant position updates and risk assessment for all accounts as trades occur, with continuous margin calculation and alerts for threshold breaches.

Multi-Asset Support

Multi-Asset Support

Comprehensive support for futures, options, equities, FX, and crypto assets, with asset-appropriate margin models and risk calculations.

Flexible Account Structure

Flexible Account Structure

Configurable multi-level account hierarchies supporting individual traders, institutional clients, fund managers, and white-label arrangements.

Advanced Risk Management

Advanced Risk Management

Comprehensive risk controls including pre-trade limits, real-time margin monitoring, position limits, and automated risk mitigation actions.

Regulatory Reporting

Regulatory Reporting

Built-in support for regulatory reporting requirements across multiple jurisdictions, with configurable report templates and automated submission.

Auto-Reconciliation

Auto-Reconciliation

Automated reconciliation with counterparties, exchanges, and depositories, with exception management and resolution workflows.

Event-Driven Architecture

Event-Driven Architecture

Our back office solution is built on our event-driven architecture, providing immediate position updates and risk assessments without batch processing delays.

Traditional back office systems rely on end-of-day batch processing, creating a significant time gap between trade execution and position/risk updates. Our event-driven approach eliminates this delay:

  • Instant Processing: Trades are processed as they occur, with immediate position updates
  • Real-Time Risk: Continuous margin calculation and limit monitoring
  • Proactive Alerts: Immediate notification of threshold breaches or unusual activity
  • Consistent State: Front office and back office systems always in sync
  • High Throughput: Scales to handle millions of transactions per day

This architecture is especially critical for high-frequency trading clients and volatile markets, where delayed risk assessment can have significant consequences.

Multi-Asset Capabilities

Our back office system provides comprehensive support for multiple asset classes, with specialized processing and risk models for each:

Futures & Options

  • • SPAN and VaR margin models
  • • Expiration management
  • • Daily settlement
  • • Exercise and assignment

Equities

  • • Securities lending
  • • Corporate actions
  • • T+2 settlement
  • • Fractional shares

FX & Crypto

  • • Cross-currency positions
  • • Rollover management
  • • Wallet integration
  • • Blockchain reconciliation

User Experience

Our back office solution includes comprehensive user interfaces for both operations staff and end clients, with role-based access control and customizable dashboards.

Operations Dashboard

Operations Dashboard

The operations interface provides comprehensive visibility and control for back office staff:

  • Account Management: Create, configure, and manage accounts and hierarchies
  • Position Monitoring: Real-time view of positions, margin, and risk across all accounts
  • Exception Handling: Identify and resolve reconciliation issues, failed trades, and limit breaches
  • Reporting: Generate and schedule regulatory and client reports
  • System Management: Monitor system health, manage reference data, and configure parameters

Client Portal

End clients have access to a customizable portal showing their specific data:

  • Position Summary: Current positions, P&L, and margin requirements
  • Transaction History: Complete trade and cash movement history
  • Account Statements: Daily, monthly, and custom period statements
  • Margin Simulation: What-if analysis for potential trades
  • Document Management: Access to contracts, reports, and other documents

The client portal can be branded for white-label arrangements and configured to show only relevant information based on client type and permissions.

Client Portal

Integration Capabilities

Our back office solution is designed to integrate seamlessly with your existing systems and external counterparties:

  • Front Office Systems: Bidirectional integration with trading platforms and order management systems
  • General Ledger: Automated posting of trade activity, fees, and adjustments to accounting systems
  • Payment Gateways: Integration with banking systems for automated funds transfers
  • Exchanges and CCPs: Direct connectivity to clearing platforms and trade repositories
  • Regulatory Systems: Automated submission of required regulatory reports
  • External Providers: Integration with market data, reference data, and analytics services
  • APIs: Comprehensive REST and FIX APIs for custom integrations

Our integration framework supports both real-time and batch interfaces, with flexible mapping and transformation capabilities to handle diverse data formats and protocols.

IMPLEMENTATION CASE STUDY

HIGH FREQUENCY TRADING SOLUTION

REAL-TIME POSITION MANAGEMENT

BROKER NEEDED TO MANAGE A LARGE HFT CLIENT

A new FX client of a Japanese brokerage wished to trade at a far higher volume than the broker's existing system could support. Furthermore, the client requested other functionalities specific to their trading practices and specific type of clearing required by this market. Most of the existing systems available could not deal with these requirements.
The first project phase dealt with the creation of a high volume clearing platform that could deal with the intricacies of this market (daily rollover, swap interest payments, multi-currency etc.), while also assisting the exchange to define a new clearing interface (FIFO). A set of FIX protocol based connections was also built to allow monitoring of all client order flow to the exchange, also order control in case of client system failure.
The solution went live in October 2012, and the client ramped up their order flow from 12 orders per day on day one, to over half a million orders per day on day 6. By implementing this solution, the broker became the only member of the exchange able to offer HFT trading on this market to overseas traders. The exchange also benefited with their trading volume effectively doubling overnight with the new activity.

Ready to modernize your back office?

Contact us to discuss how our real-time back office and clearing solution can transform your post-trade operations.

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