23 July 2017
Download the paper now.

Duco reports client wins

19 October 2016  |  2607 views  |  0 Source: Duco

Duco, the global fintech provider of data control services, announced further growth in the listed derivatives space today at the 32nd FIA Expo in Chicago.

Duco has signed two leading, global FCMs to Duco Cube, its award-winning hosted reconciliation platform, and both clients will benefit from recent enhancements to the service.

One of the new clients, ADM Investor Services, Inc. ("ADMIS") is among the world's largest non-bank FCMs and has committed to a multi-year, global agreement with Duco. In addition, Duco has signed a large US-based, global bank for their FCM and other business units. This brings the total number of Duco's FCM clients to twelve.

Tom Kadlec, President of ADMIS, comments: "We selected Duco to enhance our global post trade operations, increase our efficiency and automate a number of processes in our Chicago headquarters as well as at our affiliated clearing companies in London, Hong Kong and Singapore. We have been impressed with the deep functionality and speed of deployment as a self-service tool. We are always looking at ways to adapt leading technologies to support our growing business."

Christian Nentwich, CEO of Duco, added: "We are delighted to be working with two new clients, including ADMIS, and look forward to developing both relationships over the next few years. Duco Cube is now the recognized leader in its field and the addition of two more FCMs as clients underlines this."

Duco has also announced further enhancements to its service including SWIFT connectivity for cash reconciliations, a complete rewrite of the workflow platform and a total equity reconciliation feature that is being beta tested by a group of banks, FCMs and buy-side clients. 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsvisit www.ncr.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
German fintech factory FinLeap raises EUR39 millionGerman fintech factory FinLeap raises EUR3...
13842 views comments | 19 tweets | 15 linkedin
Mastercard to buy AI outfit BrighterionMastercard to buy AI outfit Brighterion
10073 views comments | 14 tweets | 20 linkedin
Barclays rides payments-as-a-service wave with investment in Form3Barclays rides payments-as-a-service wave...
8996 views comments | 16 tweets | 12 linkedin
Mastercard and Scotiabank join Enterprise Ethereum AllianceMastercard and Scotiabank join Enterprise...
7598 views comments | 25 tweets | 16 linkedin
PayPal strikes deals with Chase and CitiPayPal strikes deals with Chase and Citi
6802 views comments | 9 tweets | 5 linkedin