26 Mar 2018 07:00
26 March 2018
Brady plc ("Brady" or the "Group")
Ustekveikja Energi selects Brady EDM for enabling further growth
Brady plc, the leading global provider of energy and commodity software, announced today that Ustekveikja Energi AS, a municipal owned Norwegian utility, has selected Brady EDM for supporting its physical power market operations in the Nordic Region.
The solution footprint will be substantial, covering: data communications; market interfaces; short-term trading; core energy data and meter management; reconciliations and settlement; invoice API with accounting system; as well as the EDM-WEB portal.
Ustekveikja Energi said: "The Brady EDM system offers us the capabilities for configuring an integrated solution for interfacing with multiple systems and data sources, allowing us to leverage dataflows for automating our physical trading operations."
Ian Jenks, Executive Chairman of Brady, commented: "The Brady energy trading software originates from the Nordics and has very much been at the forefront of continuous market changes as this developed into one of the most advanced power markets in the world.
"Over the last three years, EDM has undergone major transitions, including functions for supporting the Nordic Balance Settlement (NBS) as well as the datahub in Denmark and Elhub in Norway.
"The strength of EDM software is its flexibility and ability to adapt to market changes. We are thrilled to be able to contribute to Ustekveikja Energi's growth in the Nordics as well as secure their market compliance going forwards."
For further information please contact:
Brady plc Ian Jenks, Executive Chairman Martin Thorneycroft, Chief Financial Officer | Telephone: +44(0)1223 479479 |
Cenkos Securities plc Camilla Hume / Mark Connelly | Telephone: +44 (0)20 7397 8900 |
Redleaf Communications Charlie Geller / Ian Silvera | Telephone: +44 (0)20 3757 6880 Brady@redleafpr.com |
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, soft commodities and agriculturals.
Brady has 30 years' expertise in the commodity markets and its 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
Brady plc: Twitter/Facebook/LinkedIn
Brady has 30 years' expertise in the commodity markets with some 400 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
Brady plc: Twitter/Facebook/LinkedIn