23 Jan 2012 07:01
23 January 2012
Brady plc ("Brady" or the "Company")
New Contract
Brady, the leading provider of trading, risk management and settlement solutions to the energy, metals and soft commodities sectors, is pleased to announce that a Global Securities and Investment Banking Group which is highly active in the exotic options market, has selected Brady's new Structured Product trading and risk management solution to support its market-making and risk management requirements.
Gavin Lavelle, CEO of Brady plc, commented: "I am delighted that Brady has secured a further contract win in the Investment Banking sector. Exotic options and Structured Products are seeing a resurgence of interest in the commodity space. This significant contract win enables us to demonstrate our expertise in option modelling and further strengthens our offering in this field. This deal authenticates the view of ongoing growth in the Commodity derivative space and Brady is excited about this continued trend."
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 a leading global provider of trading and risk management software to the worldwide 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, softs and agriculturals.
Brady has 25 years' expertise in the commodity markets with over 150 customers worldwide, including some of the largest financial institutions, producers and mining corporations which depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest miners, refiners and producers, trading companies, 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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