Aurum Solutions assures FOREX broker, DOO Clearing, of FCA compliance

With a global presence as a respected FOREX trader and liquidity provider, the DOO Group has turned to Aurum Solutions to fulfil their wish of trading in the UK.  

This decision has been motivated by both FCA regulations and DOO Clearing’s own ambitions. For instance, the FCA requires brokers to perform accurate and regular reconciliations. However, this can take a lot of time if conducted manually, hindering firms from growing their business, something that Aurum CEO, Tiago Veiga, is set on resolving:

Manual reconciliation is a major challenge for finance teams, particularly for smaller businesses; sifting through financial records manually takes up valuable time that would be better spent on growth and revenue-generating activities. Automating this process achieves a much higher level of operational efficiency and accuracy, which is critical for meeting stringent regulatory requirements like CASS.

As such, DOO Clearing have decided to automate their reconciliation with Aurum Solutions. Considering that their team now completes their reconciliation in only 10 minutes, saving them 2 hours every day, the decision has proved successful in the mind of Nadine Howard, CEO of DOO Clearing:

The benefits of Aurum aren’t just about cost and time savings; the platform has been instrumental in ensuring we meet regulatory requirements and maintain the highest standards of operational integrity. This has given us – and the FCA – confidence that we’re fully compliant and has freed up our team to focus on delivering value for our customers.

To find out how DOO Clearing’s partnership with Aurum has led to more successes, take a read of their case study.