The middle office comprises departments of a financial services

Financial services

Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...

 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

Profit (economics)

In economics, the term profit has two related but distinct meanings. Normal profit represents the total opportunity costs of a venture to an entrepreneur or investor, whilst economic profit In economics, the term profit has two related but distinct meanings. Normal profit represents the total...

 flows given the technological resources. The middle office is usually part of Operations and Finance divisions including product control

Product control

Within banking, Product Control are a team responsible for the accounting and financial reporting of a trading desk. They are responsible for the bookkeeping of trades in the portfolios they look after, and act as a primary control function; monitoring trading activity to ensure it is within a...

, which normally is also in charge of settlement. Due to their critical role, Middle Office always acts in tandem with Front Office

Front office

Front office is a business term that refers to a company's departments that come in contact with clients, including the marketing, sales, and service departments...

work on open markets.

MO is used for order processing of the IB and generating the trade.