29 Nov 2012 07:00
29 November 2012
Brady plc ("Brady")
New Contracts
Brady, the leading global provider of trading, risk management and settlement solutions to the energy, metals, recycling and commodities sectors, is pleased to announce the following three new licence deals:
Brady has secured two new contracts with an existing client. The company, one of the world's leading diversified commodity trading houses managing the global supply chain of agricultural and energy products, metals and minerals has selected further Brady solutions to support both its global cotton business, with deployment in the USA, Brazil & Singapore, and its metals warehousing activities.
In addition, a newly founded company, based in Geneva, involved in the procurement of coal primarily sourced in Eastern Europe will implement Brady's end-to-end coal trading solution to support its growing coal trading business with efficient business processes, improved position analysis and risk reporting as well as optimising the decision-making process for the business.
Gavin Lavelle, CEO of Brady commented: "We are delighted to have signed a significant deal with a leading multi-commodity trading house to provide a solution to manage a global business line for them. This endorses our strategy of being able to cross-sell into our client base. It is also exciting to be able to assist a new company in the coal trading space to manage their trading and risk requirements to achieve their vision of creating a multi-commodity physical trading business."
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 Rebecca Sanders-Hewett / 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, unrefined and scrap metals, soft commodities and agriculturals.
Brady has 25 years' expertise in the commodity markets with some 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, recycling companies, 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
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