Brady plc (BRY.L), the leading global supplier of trading, risk management and settlement solutions to the metals, recycling, energy and softs sectors, announced today that Swiss-based soft commodities trading company, Agrifert SA, has licensed Brady’s Trading & Risk Management solution to handle its global soft commodities trading and risk requirements.
The Brady solution that was chosen will provide total transparency and accuracy of Agrifert’s trading and risk management operations, from deal capture through to accounting. The solution enables individual physical trades to be viewed from any location, with associated detailed trading costs, including insurance, freight and warehousing, facilitating performance attribution analysis by trader.
Daniel Crausaz, CEO of Agrifert SA, highlighted the reasons behind his decision to opt for Brady: “The straight-through processing, enabling full traceability, status history, documentation, invoicing and approval workflows, fully integrated into the robust trading and risk management solution, made Brady the obvious partner for us”. Continuing he commented, “Having researched the market for physical trading solutions, we opted for Brady as it was the best platform to meet our needs and we were highly impressed at the understanding of our business needs by the Brady team. This partnership will be a key factor as our new business develops”.
Gavin Lavelle, CEO of Brady plc commented that, “We are delighted to welcome Agrifert to our growing customer base in the soft commodities trading space and are confident that we can certainly assist Agrifert in their operational risk limitation and empower them to address the highly volatile and complex aspects of the commodities supply chain in this increasingly competitive market”.