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 regulatory compliance, Aurum’s platform has saved DOO Clearing an estimated 2 hours per day spent on reconciliation. This has helped reduce workload and allowed DOO Clearing to focus more resources on other core business matters.

Nadine Howard, CEO and Director at DOO Clearing said,

“Being a small team, we all wear many hats to keep the business running smoothly. Automating our reconciliations has been game-changing in getting valuable time back and enhancing productivity. The benefits of Aurum aren’t just about cost and time-savings; the platform has been instrumental in ensuring we’re meeting regulatory requirements and maintaining the highest standards of operational integrity. This has given us – and the FCA – the confidence that we’re fully compliant and freed up our team to focus on delivering value for our customers.”

Other key benefits of Aurum’s automation include:

Multi-party reconciliation – When balancing operational accounts against those which are held in client trading accounts, a three-way reconciliation must take place. Despite the inherent complexity of this process, Aurum’s automation ensures accurate reconciliation without the need for manual intervention.

Reporting – Daily automatic production of DOO Clearing’s Reconciliation Statement provides detailed reports of client money held, as well as highest and lowest values per month. These are integral to external audits and ensuring DOO Clearing comply with CASS regulations.

Tiago Veiga, CEO at Aurum Solutions, said,

“Manual reconciliation is a huge headache for finance teams. Particularly for smaller businesses, sifting through financial records manually takes up valuable time that would be far better spent on growth and revenue-generating activities. Automating this process achieves a far greater level of operational efficiency and accuracy, which is critical for meeting stringent regulatory requirements like CASS. This collaboration underscores our commitment to delivering solutions that not only ensure compliance but also drive measurable business improvements.”

About DOO Clearing

Doo Clearing is part of The Doo Group, aiming to offer an institutional and bespoke level of liquidity access and clearing services for Forex and CFDs in equities, futures and commodities, and other financial products. With the robust clearing system powered by Doo Tech, Doo Clearing is now serving brokers, broker-dealers, hedge funds, family offices, fund managers, and professional traders globally.

Currently, Doo Clearing provides liquidity access and clearing services via our regulated entity in the United Kingdom, alongside The Doo Groups other regulated entities in the United States, Mauritius, and Vanuatu, with operating centres in Hong Kong, London, Dallas, Singapore, Kuala Lumpur among others. Doo Group is controlled by Chinese national Junjie Chen.

About Aurum Solutions

Aurum Solutions develops world-class technology to digitally transform how companies manage data. Since 2004, we have helped leading organisations with our deep expertise in multiple industries including financial services, hospitality, insurance, legal, real estate and iGaming/online betting.

Aurum’s reconciliation platform was designed to be flexible, so our matching engine can be tailored to any industry’s operations and business requirements. Our philosophy to work in partnership with customers is reflected in our scalable platform with comprehensive management information and a full audit trail.

Our technology has been designed with our client-centred mentality at core, developing purpose-built solutions to transform data management. Improving departments data quality and operational efficiency.