AMC Group chooses Brady PLC

30 September 2008

Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has announced today that the Physical Metal Trading Division of AMC Group (AMC), a worldwide supplier of raw, non-ferrous metal and steel materials and intermediate products, has selected Brady for its trading, risk management and operations activities.

The implementation at AMC's London offices in Bishopsgate, near the LME, will form an important part of AMC’s strategic planning. The system will provide full STP (straight-through processing) and will be used by front-office traders, back-office operations and accounting departments for handling base and minor metals. Brady will provide pricing, trade capture, intra-day position keeping and reporting as well as processing for derivatives and physical metal. It will interface with AMC’s accounting system and provide settlement instructions, confirmations and invoicing.

Brady’s integrated system will provide timely and accurate information and real-time risk management across all base and minor metals traded by AMC. Brady’s knowledge and understanding of the requirements of AMC’s fast-moving trading environment were key to AMC’s decision to choose Brady.

Gavin Lavelle, CEO of Brady, comments: “Tight risk management and control is essential in today’s fast moving markets, a task made easier when a system combines all the elements and stages of the trading, risk management and settlement cycle. I believe that Brady is unique in the market in being able to do that. I am delighted to have AMC, an international group and one of the founder members of the LME, as a client.”

Brady is designed for efficient transaction automation, integrated risk management and STP; it helps to reduce input errors and eliminates the need for duplicated data capture. Brady’s Oracle-based platform is a powerful relational database which, combined with Brady’s query tools, provides fast and efficient management reporting.

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