AVID - Automatic Color Correction

You don't have to but could consider removing the LUT on the footage. Right click sequence>Refresh Sequence>Remove Color Adapters If your timeline has a "C"on it like this then you need to remove the color adapter
Click on Windows on the top navigation bar > Workspaces > Color Correction
Or press the COLOR icon on the side bar to enter "COLOR" mode
Select the HSL Tab (Hue, Saturation, Luminance) Make sure that “Hue Offsets” is selected.
These buttons are the “Auto Color Correction Tools”

Auto Balance – Removes Color Casts
Auto Black – Adjusts the black to the richest levels of black – removes milky look
Auto Contrast – Adjusts for the best possible contrast between black and white
To apply place cursor on the clip to apply color correction and click:
Apply and change in this order: Auto Black Auto Balance Auto Contrast
Click the – Dual Split Icon will show the before and after color correction Before is on the left and after on the right
You can drag this template to your bin and apply to other similar clips
To move to the previous or next uncorrected shot, press these buttons
Make sure the video quality menu is set to full green and then render all effects before export.