DOO Clearing, the UK-based foreign exchange broker and liquidity provider as part of the global DOO Group, has announced that it has chosen next-generation reconciliation software specialists, Aurum Solutions, to automate its reconciliations. The integration of Aurum’s automation software enables DOO Clearing to comply with Client Asset Sourcebook (CASS) regulations by reconciling transactions with significantly greater speed and accuracy.
The Financial Conduct Authority’s CASS rules require regulated firms to perform accurate and regular reconciliations of client assets to identify discrepancies. The problem that DOO Clearing faced, however, was that manual reconciliation is time-consuming, error-prone and resource-intensive.
The integration of Aurum’s automation has enabled DOO Clearing to meet the requirements of CASS regulations by eliminating the risk of human error and ensuring fast, accurate reconciliation. Beyond…
Read More