Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals, energy and soft commodities, announced today that it has secured a new contract with one of the world’s leading diversified commodity trading houses. The company, a leader in managing the global supply chain of agricultural and energy products, metals and minerals, selected Brady's solution to support its base metals trading, logistics and hedging activities.
After reviewing vendor alternatives, Brady was selected as the obvious partner for its broad functional coverage and its flexible data model. The company required a solution which had proven ability in managing and reporting risk for physical trading activities across a wide portfolio of commodities, including the logistics, as well as being able to handle the financial and derivatives trading and hedging. In addition, the solution’s configurable workflow, exception-based processing engine and flexible reporting platform has the added benefit of being able to be deployed quickly to support changing requirements and market expansions.
Gavin Lavelle, CEO of Brady plc, commented, “Brady is universally acclaimed as the leading provider of software to the global metals market and we are delighted to have been selected as the partner-of-choice by this leading multi-commodity trading house to manage its trading and risk requirements. Brady’s solutions offer streamlined processing of trades and centralized data, document and communication capture, enabling companies to maximize efficiency, save time and resources whilst simultaneously reducing errors and risk. Being selected in this case is testament to the reputation that we have gained serving these markets for over 25 years, which was a significant element in the decision to join Brady’s referenceable customer base of more than 250 companies world-wide.”