KS&T completed its upgrade to the latest version of the derivatives trading solution offered by Brady plc (BRY.L), a leading European-based supplier of trading, risk management and settlement solutions to the energy, metals and softs sectors.
With this upgrade, KS&T becomes the most recent of Bradyâs clients to use the LME SMART interface (London Metal Exchange System for Matching and Registering Trades). KS&T also implemented other new elements of the Brady solution set, including the latest generation of Bradyâs risk management and profit and loss attribution tools.
âBradyâs knowledge of the global metals market and the business of our companies has significantly contributed to the success of our IT platforms,â said Rob Short, Koch Supply & Trading CIO, âThis rollout has further extended the capability of our technical infrastructure, and we expect it to deliver significant operational efficiencies. The Brady solution set has rich functionality and satisfies our current requirements. Thanks to good collaboration between KS&T and Brady on the implementation, the project finished on time and on budget.â
âThe Koch Supply & Trading group of companies has developed core capabilities including operations and trading excellence, combined with innovation. We believe that with this upgrade to our latest platform, their capabilities for physical and futures trades will improve, as will their efficiency in warrants,â said Brady CEO, Gavin Lavelle. âIn addition, they have added the interface to LME SMART, P&L attribution, confirmations and client statements. It is gratifying to see a long-time client continue to benefit from our trading and risk management technology.â
KS&T, an indirect subsidiary of Koch Industries Inc. and part of the Koch Supply & Trading group of companies, trades in base and precious metals, oil, petrochemicals, gas and power, with locations in North America, Europe and Asia. For a number of years, Koch Supply & Trading companies have used Brady technology for derivatives trading and risk management on the metals trading desks in London, Singapore and Houston, among others.