16 May 2012 07:00
16 May 2012
Brady plc ("Brady")
New Contract
Brady, the leading global provider of trading, risk management and settlement solutions to the energy, metals and commodities sectors, announced today that Freepoint, a physical commodity trading and marketing company, has selected Brady Energy's EU and UK power scheduling solution to handle its power scheduling requirements in the UK, Germany, France, Czech Republic, Slovakia, Hungary, Romania, Austria, Netherlands and Belgium.
Established in 2011, Freepoint operates globally in the gas, power, oil and coal markets and has recently agreed to acquire J P Morgan's metal concentrates business, emphasizing the company's vision of creating a multi-commodity physical trading business.
The Brady Energy Power Scheduling solution will be employed by Freepoint's European Energy team in London, facilitating an automated power scheduling process in each of the markets that they serve.
Gavin Lavelle, CEO of Brady commented: "We are delighted to have been selected as the partner of choice by Freepoint in the energy space, which further enhances our position as the largest European-headquartered provider of commodities trading and risk management software by revenues."
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
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Telephone: +44 (0)20 7397 8900 |
Redleaf Polhill Samantha Robbins / David Ison | Telephone: +44 (0)20 7566 6720
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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 250 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, 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
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