8 Dec 2010 07:00
For immediate release 8 December 2010
Brady plc
("Brady")
New Contract Win
Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the metals, energy and commodities sectors, announced today that Ronly, a worldwide trading company dealing with metallurgical and agricultural commodities, has selected Brady to provide its trading and risk management solution to support Ronly's new derivatives trading operations.
One of the fasted growing businesses in their sector, Ronly has over 30 years experience and is headquartered in London with a network of international offices in Europe, Middle East and Latin America. Ronly is a leading provider of trade, finance and logistics solutions to major manufacturing and trading companies across five continents. The company is implementing the latest generation of Brady's specialist commodity trading and risk management technology to support its trading of base metals derivatives, iron ore, coal and freight swaps. The implementation across Ronly's trading operations will include Brady's integrated "Single Source - Single View" trading and risk management solution set.
Ronly, said "As we launch our new derivatives trading operations it is vital that we have the right systems and controls in place to support our business. Brady's experience and track record of providing world-class commodities trading and risk management solutions mean they are the obvious partner of choice for our new operations. Moreover, Brady's ability to deliver a fully integrated solution to our requirements within a very short timescale was particularly important to us. We look forward to a long and successful relationship with Brady."
Gavin Lavelle, CEO of Brady Plc, commented: "I am delighted that Ronly has chosen Brady to provide the infrastructure to support its new derivatives trading operations. It is a clear endorsement of Brady as a leading technology supplier and evidence of our dominant position as the major provider of specialist trading and risk management solutions to the world's commodity markets".
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 / Alex Aylen
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Telephone: +44 (0)20 7397 8900 |
Buchanan Communications Tim Thompson / James Strong | Telephone: +44 (0)20 7466 5000
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About Brady
Brady plc (BRY.L) is a leading global provider of trading and risk management software to the global commodity 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 refined, unrefined metals, softs and energy. Brady has more than 20 years of expertise in the commodity markets with over 100 customers worldwide, including some of the largest financial institutions, producers and mining corporations that 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. For further information visit: www.bradyplc.com