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INTL FCStone chooses Duco for listed derivatives

Duco has announced that INTL FCStone Ltd., part of INTL FCStone Inc., the global commodity trading, foreign exchange, asset management and treasury services firm, has adopted Duco Cube as the hosted reconciliation solution for its exchange traded derivatives and LME business units. The service went live within a 7 day period and has been up and running since June.

Patrick Thornton Smith, Head of Sales and Marketing for Duco, said “We are pleased to be working with INTL FCStone and delighted for their choice of Duco Cube as their reconciliation solution. Our ability to get this service live and all recs on the London side of the business set up within a period of 7 days is evidence of the game-­‐changing nature of our self-­‐service model for operations departments.”

Nicholas Spencer-­‐Skeen, Chief Operations Officer for INTL FCStone Ltd. in London, adds “Duco Cube enables us to quickly and efficiently put controls in place in our ETD and LME business without incurring big technology cost or capital expenditure in the process.”