Duco Cube was launched into the global financial market in
January 2014 and now has 28 firms, including a large number
of listed derivative and cleared swap participants across the
During the judging period the company more than quadrupled
its client base and significantly enhanced its product
Duco Cube entered the reconciliation, workflow and data
management space with a computer science and research
background in natural language processing and parallel
algorithms practice and study.
Since its launch, Duco Cube has been adopted and been
developed to meet the data management demands of the listed and
OTC cleared post trade environment and the wider financial
One of the big innovations during the judging period was the
build of an encryption engine to anonymise data.
The enhancement enables clients to encrypt confidential data
such as client IDs and was requested by a number of larger
"The last 12 months have been a big learning journey for us,"
says Christian Nentwich, CEO of Duco. "We are leading the
charge in offering a hosted service in this market."
The firm is also building out capabilities in the Cube to
process reference data and other data sets such as FX values
and account codes mapping. All of this is built into software
that can learn about the data on the fly.
The core values of Duco Cube are around risk mitigation, cost
control and time to market by eliminating either old,
expensive and inflexible legacy systems or spreadsheets and
The cost model provides a transparent and measurable ROI to
both global 'tier 1’ banks and buy side hedge
The focus for 2016 is to develop big data tools across the
back office workflow, says Nentwich with trade breaks a
particular area of development.
We are building the technology to reduce human intervention in trade breaks by learning about the patterns around breaks
"We are on a journey to make it easier for people to
reconcile data bringing intelligence to the workflow," he
"We are building the technology to reduce human intervention
in trade breaks by learning about the patterns around
Being software-as-a-service hosted, Duco can deliver
upgrades to clients on a monthly basis across the client base
eliminating the need for costly upgrades or implementation.
"As we grow, firms will continue to benefit from our
economies of scale," says Nentwich.
The judges praised the ability to customise the offering to
clients. "Duco Cube promises to have a very wide coverage along
with high customisability and agility of software change," said
Another hailed the firm as a "market disrupter" in a very
well-established market. "Great innovation, creative thinking
and considerable progress and solutioning with clients," they
Duco is a technology company focused on simplifying
complexity by employing advances in computer science research.
Its award-winning hosted reconciliation service, Duco Cube,
enables firms to control complex data using light-touch,