News Release

CME Group and Duco Announce Launch of Fee Data Control and Reconciliation Service for CME Member Firms

Tue Oct 18 2016

CME Group, the world's leading and most diverse derivatives marketplace, and Duco Technologies, a global fintech provider of award-winning data control services, today announced that Duco’s innovative data control and reconciliation services will be available to CME Group member firms starting in January 2017. The launch follows a successful six-month trial period with a limited number of futures commission merchants (FCMs).

Duco’s service will enable CME Group member firms to simplify processes around fee structures without investing in infrastructure or IT resources. Duco Cube will ensure that the firms’ back-office systems are aligned with CME Group’s exchange fee pricing components.

CME Group Chief Commercial Officer Bryan Durkin said, “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.”

“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,” added Christian Nentwich, CEO of Duco.
 

About CME Group

As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. Around the world, CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its exchanges based in Chicago, New York and London. CME Group also operates one of the world’s leading central counterparty clearing providers through CME Clearing and CME Clearing Europe, which offer clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives. CME Group’s products and services ensure that businesses around the world can effectively manage risk and achieve growth.

 

CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT, the Chicago Board of Trade, KCBOT, KCBT and Kansas City Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com.

 

About Duco

Duco is changing the way the world controls its data. Its award-winning hosted reconciliation platform, Duco Cube, enables firms to control complex data using light-touch, self-service technology. For the past two years, Duco has won the FOW International Award for “Best New Product – Reconciliation” and was one of the inaugural FIA Innovation awards recipients in 2015.

 

Headquartered in London, with offices in New York and Luxembourg, Duco serves clients throughout Europe, the United States, Africa, Asia, the Middle East and Australia.

 

For more information, please visit du.co.

Contact For CME Group: Michael Shore 312/930-2363 michael.shore@cmegroup.com For Duco: Eleis Brennan Intermarket Communications 212/754-5610; 917/428-9085 (mobile) ebrennan@intermarket.com

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