4 Jul 2013 07:00
4 July 2013
Brady plc ("Brady")
New Contract
Brady, the leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today that it has secured a new contract with Rusal Marketing to manage its hedging book and risk management requirements for its aluminium sales.
Rusal is the world's largest aluminium producer and one of the world's major producers of alumina. The company was founded in 2000 and, following its merger with SUAL and the alumina assets of Glencore, it became the global aluminium industry leader in 2007 and currently employs 72,000 staff around the globe. Rusal's requirement was to source a solution that could manage all of the risk resulting from its aluminium sales and provide its regional risk managers with a complete picture of its risk exposure and financial position in one place. A solution was required that would track contracts, manage the associated risk, identify new opportunities, enhance profitability and ultimately offer more flexibility to its customers. Brady Metals' solution for financial trading and risk offers straight through processing from the Trade Blotter to the electronic broker reconciliations, with higher transparency and visibility provided by sophisticated reporting capabilities, protecting profits against uncontrolled commodity price and forex movements.
Gavin Lavelle, CEO of Brady plc, commented: "Brady has been independently acclaimed to be the leading provider of software solutions to the global metals market and we are delighted that following on from recently being selected by the world's largest copper producer, we have now been chosen to provide the world's largest aluminium producer with a hedging solution for its aluminium business. Winning Rusal is an endorsement of our strategy to provide a specialist solution to the metals sector. We are delighted that Rusal recognises this unprecedented market experience in the metals team at Brady and we are looking forward to assisting Rusal improve the efficiency of its hedging activities".
For further information please contact:
Brady plc Gavin Lavelle, Chief Executive Officer Tony Ratcliffe, Finance Director | Telephone: +44(0)1223 479479 |
Cenkos Securities plc Ivonne Cantu / Camilla Hume
|
Telephone: +44 (0)20 7397 8900 |
Redleaf Polhill Rebecca Sanders-Hewett / David Ison | Telephone: +44 (0)20 7566 6720
|
About Brady
Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, soft commodities and agriculturals.
Brady has 25 years' expertise in the commodity markets with over 300 customers worldwide, who depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest financial institutions, trading companies, miners, refiners and producers, scrap processors, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.
For further information visit: www.bradyplc.com
Brady plc: Twitter/Facebook/LinkedIn