Brady plc (BRY.L), the leading supplier of trading and risk management solutions for commodities, energy and recycling, announced today that it has extended its solution functionality with the Gerald Group, a leading global trader of commodities, focused on non-ferrous metals and bulk materials. Gerald has extended its use of Brady’s commodity software solutions to support trading and logistics for iron ore trading.
Gerald will use the Brady ECTRM platform for pricing and contract administration and logistics for iron ore. This includes management of quotational periods, elements and sizing for the contracts. The system is able to integrate seamlessly into the existing trading platforms, enabling consistent p&l and risk calculation across the enterprise.
“Gerald’s requirements align perfectly with our core competencies, enabling us to provide them with this additional functionality. As Brady is already a strategic partner for Gerald for metals trading and risk, we are delighted in their confidence shown in our ability to further integrate our solutions into their infrastructure and business operations,” said Gavin Lavelle, CEO of Brady plc.
Craig Dean, Gerald’s CEO commented on his reasons behind the decision to select Brady: “For more than 25 years Brady has been developing leading software for customers to successfully manage the volatility, risk, and complexity of commodity trading and as the leader in their field and an existing supplier to us, the selection process was relatively simple. We have every confidence in the solutions and support that Brady provides, as well as their ability to deliver the right set of tools on time and within budget.”