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23 Oct 2013 07:00
23 October 2013
Brady plc ("Brady")
Significant New Contract
Brady, the leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today that a global metal trading company has licensed Brady's Trading & Risk Management solution to handle its cross commodity trading and risk requirements for both its physical and derivatives metals trading and its raw materials activities.
The Brady solution was selected for its ability to manage the complete trading process across all commodities to provide total transparency and accuracy of the trading company's global trading and risk management operations across multiple locations spread throughout five continents. A fully integrated solution was required to handle its operational control, credit management, limits control, documentation, risk management, hedging, reporting, regulatory reporting, distribution, logistics and traceability on a single platform.
Brady's Trading and Risk Management solution seamlessly addresses the client's requirement to manage its diverse global books in the magnitude and complexity that an organisation of its size and reach necessitates. The deployment of the solution will enable the client to continue to provide unique special value additional services to its customers and market counterparties with total reassurance that its diversified and complex global trading operations and hedging activities are being managed by the market leading software in the global metals arena, based on a reputation of serving customers with complex metal trading and reporting requirements for almost 30 years.
Gavin Lavelle, CEO of Brady, commented: "This is a very substantial transaction which further validates Brady's strategic direction in the CTRM space. The client's challenge was finding an integrated solution that meets its complexity and diverse needs, including the ability to measure and report in real-time across all commodity and derivative types of a portfolio and to manage deals, both physical and financial, from trade capture to confirmation to invoice, including the associated physical logistics". Continuing he said: "It is testimony to Brady's unparalleled competence and global presence in the metal trading space and the domain experience and the credibility of our staff, that we are able to secure customer projects of this size and diversity."
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 Alex Aylen (sales)
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Telephone: +44 (0)20 7397 8900 |
Redleaf Polhill Rebecca Sanders-Hewett / David Ison / Charlie Geller | Telephone: +44 (0)20 7382 4730
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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 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
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