IBOR, Meisel says, was a concept born out of contrast. When Barclays de Zoete Wedd merged with Wells Fargo Investment Advisors (WFIA), BGI was born, and with it came two disparate ways of aggregating fund accounting data and position keeping—to make that information actionable for portfolio managers. One, a traditional accounting book of record, or ABOR, was well-known. The other—which was tied to a portfolio analytics platform or an order management system (OMS)—needed a name. IBOR fit nicely.
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