Duco today announced that three further customers signed for Duco Cube in September. All three firms are well-known service providers with extensive global clients in the cash equity, derivative and fixed income markets.
The providers went live within 24 hours of signing, using Duco Cube’s rapid “on-‐demand” go-‐live and their operations users are now putting in place controls around trade, position and static data. Additionally, the firms are utilising Duco Cube to clean up internal databases.
Duco is making immediate senior management changes to deal with rapid growth on the back of recent successes. Patrick Thornton-‐Smith is taking the newly created Chief Marketing Officer role, with responsibility for sales and marketing on a global scale including North America and Asia Pacific.
“Rapid uptake of Duco Cube across the global continues with well-‐known service providers signing up,” comments Christian Nentwich, CEO. “In order to continue this growth we will be expanding our reach and looking for strategic relationships in the finance community in addition to direct sales and new office locations. This new role for Patrick strengthens our executive management team in preparation continued rapid expansion in 2015.”
Patrick Thornton-‐Smith said, “With this significant growth in customers over the last nine months and strong strategic positioning in OTC and ETD post-‐trade, clearing and regulation I am looking forward to continued acceleration and developing new markets for Duco.”