London, 8 December 2016 – Duco, the global fintech provider of post trade data control services, has won the FOW International Award for ‘Best Technology Product – Trade Reconciliation’ for the third year in a row. FOW, the leading news and data service for the global futures and options industry, presented the award at their International Awards Dinner on 7th December.
‘We are very proud to receive this award again and want to thank everyone who has supported us over the past 12 months,’ said Christian Nentwich, Duco’s Chief Executive Officer and Co-Founder. ‘The listed derivative and cleared swap industry is undergoing major change with a particular focus on the challenges introduced through regulation and the optimisation of data and business processes. As the market continues to evolve, hosted, agile, self-service platforms such as Duco Cube are becoming much more valuable, and we are delighted that a growing number of firms are choosing our technology to deal with data normalisation, technology migration, reconciliation and regulatory change.’
Duco has grown significantly over the past year, making a number of key client wins, expanding into new markets and developing innovative product enhancements, including a unique fee reconciliation service for CME Group clearing member firms.
After selecting Duco as the winner, one judge commented: ‘Duco is continuing to build the business, winning new clients and launching new services. More and more we are seeing forward-thinking technology firms like Duco coming in to the market and doing things better than the incumbent providers.’ Another said: ‘We have been really impressed with Duco’s service and the continued innovation. The additional client wins are testament to that innovation and the need for new solutions in the back office.’
Will Mitting, Publisher at FOW, added: ‘Since arriving on the scene around three years ago, Duco is becoming recognised as one of the leading new technology players in the industry.’