Middle office without the overnight backlog
- Continuous recon Positions, cash, P&L, and breaks fully explained
- Live IBOR Real-time books at fund and PM level
- Risk in the flow Pre- and post-trade limits enforced as you trade
- Global coverage Automation plus optional 24×6.5 human support
ForeStrat replaces the middle office FrankenStack with one traceable control layer across global markets. TradeStrat, MatchStrat and Reference Data run as one, with every break, fix and change audited.
Where today’s middle office breaks down
Most funds still stitch middle office from end-of-day batches, spreadsheets, point recon tools, and outsourced BPO desks. The work gets done, but latency, opacity, and headcount scale with volume.
Administrator and outsourcing relationships stay valuable for official books. The pain sits on the manager side: the operational book that must be correct before the street and the admin catch up.
What middle office operations actually covers
A complete list of the work between the fill and the administrator. This is the surface area ForeStrat is built to run continuously, not only at T+1.
Trade lifecycle & allocations
- Capture, normalize, and warehouse fills across brokers and venues
- Allocations, affirmations, and give-ups across accounts and PMs
- Order lifecycle state across equities, FX, futures, and options
- Exception handling when street confirms diverge from the blotter
Positions, cash & IBOR
- Intraday and end-of-day position books at fund and PM level
- Cash balances, financing, locates, and margin movements
- Real-time Investment Book of Record from fills, not overnight batches
- P&L and exposure views ops and risk can trust before the close
Corporate actions & reference
- Mandatory and voluntary event processing against the position book
- Identifier and security master alignment across brokers and custodians
- Entitlement impact on positions, cash, and P&L
- Point-in-time reference so historical breaks remain explainable
Broker, PB & custodian ops
- Connectivity and post-trade configuration to PBs, EBs, and custodians
- Daily broker and custodian statement intake
- Margin calls, collateral movements, and financing disputes
- Operational follow-up when counterparties and books disagree
Risk, limits & surveillance
- Pre- and post-trade limit checks against IMA and desk policy
- Gross/net exposure, concentration, drawdown, and instrument restrictions
- Compliance and surveillance hooks inside the trade flow
- Multi-PM limit enforcement with fund-level consolidation
Reconciliation & break resolution
- Cash, positions, trades, NAV components, and collateral matching
- IBOR versus administrator (ABOR) and PB statement alignment
- Break triage, root-cause analysis, and resolution workflows
- Memory of recurring break patterns so known items auto-resolve
Streaming infrastructure, not another ops queue
TradeStrat and MatchStrat run as connected infrastructure inside your environment. AI automation handles the known path; experienced operators backstop the exceptions. You keep the administrator for official books. You own the middle office control plane.
TradeStrat, MatchStrat and Reference Data, designed to work as one
Middle office is not a single screener or a single recon file. It is the bridge between execution and books. ForeStrat covers that bridge end to end.
TradeStrat
OEMS and trade operations for the middle office control plane: broker connectivity, allocation workflows, real-time IBOR, P&L and risk, corporate actions, and compliance hooks inside the trade flow.
- ~10 μs OEMS latency with multi-broker routing
- Managed middle office with AI automation and human backstop
- Multi-PM risk limits, crossing, and shared ops where needed
MatchStrat
Streaming reconciliation for cash, positions, trades, NAV components, and collateral. Built to align IBOR with administrators and primes without waiting for the overnight backlog.
- Continuous matching with configurable tolerances
- Agentic root-cause analysis on exceptions
- Institutional memory that auto-resolves known break profiles
Reference Data
The point-in-time security master every middle office process reads from. One golden record per instrument across brokers, custodians and the OMS, history backfilled, every change versioned.
- Identifier breaks fixed at the source
- Corporate actions applied as dated versions
- Historical breaks stay explainable
Complements your fund administrator, not a replacement. MatchStrat reconciles to ABOR and admin NAV. Official books stay with your admin. You own the manager-side middle office.
Prove it on your biggest middle office pain
One free 2-week proof of concept on your own data. Live in a month, fully operational in a quarter.