Duco Deploys New Automation Module, Undercutting Investigation Constraints

As part of its ongoing efforts to improve data analysis and automation capabilities, Duco has rolled out its latest offering, Duco Cube Insight. The real-time analysis module helps eliminate lengthy investigation periods, shoring up operational issues for post-trade processes.

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The new launch coincides with a growing demand from custodians and brokers, given existing complications in post-trade processes, namely in the derivatives and contracts for difference (CFDs) space. In light of these challenges, Duco Cube Insight will aim to smooth out the process around multiple counterparties and internal systems.

With improved connectivity cash, trading and regulatory control processes, operations teams will be better suited to hastily target and fix issues across all processes in the trade lifecycle. This is important for brokers as discrepancies will not require a lengthy or labor-intensive investigation for each individual reconciliation – a common occurrence previously.

Supported data management

Much of Duco’s success to date has been largely due to the company’s reconciliation platform, Duco Cube. The company is already one of the fastest growing companies in the normalization and reconciliation space. With the launch of Duco Cube Insight, the group gains another key product in its services suite that caters to a wide range of market participants. Its reception has already been met with healthy demand, having been made available to clients back in Q1 2017. Since then, the module has been warmly embraced by elements of both the Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term and Sell-Side Sell-Side Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Read this Term.

Christian Nentwich, CEO of Duco, commented: “Our goal is to make managing data easy. We have already cracked self-service reconciliation, empowering business users to compare arbitrary data sets at scale and saving our clients 5000 man-hours per day.”

“We are now moving beyond that by generating operational efficiency based on fully exploiting this data and further reducing the daily task load. Duco Cube Insight gives operations departments another weapon in their arsenal as they build tomorrow’s lean, agile processes,” he added.

“Our latest innovation has brought a new and unique perspective to the market, leading to rapid adoption across our client base. With Insight, our clients can more effectively scale their businesses with greater control. It is also a key ingredient for our prime services and fund administration community to provide cutting edge technology to their own clients,” explained Jeffrey Gangl, Chief Revenue Officer of Duco.

Last month, Duco partnered with NEX Group, which integrated its NEX Regulatory Reporting solutions with Duco Cube pre-MiFID II implementation. The accord helped satisfy and assimilate multiple aspects of MiFID II requirements while also boosting the capabilities of NEX Regulatory Reporting.