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Duco Streamlines Fee Processes for CME Members

Duco Technologies
will offer its data control and reconciliation services to CME Group members
starting January 2017, the two firms announced.

The launch follows a
six-month trial period with a limited number of futures 
commission merchants (FCMs).

Duco’s service is designed
to enable CME member firms to simplify processes around fee
structures without investing in
infrastructure or IT resources.


CME chief commercial officer Bryan Durkin comments:
“We’re pleased to offer our
member
firms an innovative solution to help streamline their current fee processes.

Duco’s service will reduce manual work, drive
efficiency and ensure accuracy between
parties.”

Christian Nentwich,
CEO of Duco, adds: “We know that data control in its broadest sense is now
one of the most critical
areas
for all FCMs, their clients, global exchanges like CME Group, and regulators.

Working with CME Group during the last six months
has shown how our agile, self-service
tool
can be quickly adopted by both the CME Group data environment and its members’

back office systems.”

 

galen@profit-loss.com

@Galen_Stops

@Profit_and_Loss

Galen Stops

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