Brady plc (BRY.L), the leading supplier of trading and risk management solutions for energy, commodities and recycling, announced today that Levmet has selected Brady’s cloud-based trading and risk management solution to measure and manage the price risk and trading operations of its ferrous and non-ferrous metals business.
Founded in 2012, Levmet is focused on proprietary & physical trading and investment. The Company is privately owned by its founding shareholders and a group of senior employees. Today, the Company has a diversified business, trading a wide spectrum of metals and hard commodities including copper, iron ore, coal, steel, aluminium, zinc, nickel and other minor metals.
As Levmet’s business expands and the trading volumes of its derivatives activities increase, the challenges and inefficiencies of running its business without a dedicated back-office system prompted it to look for an automated process, which would dramatically reduce the amount of time spent managing its positions in order to increase the efficiency and reliability of its processes. This will enable Levmet to focus more time on its core business of increasing profits through trading.
Ashley Levett, CEO of Levmet, commented: ”Without having a dedicated back-office system means that a lot of time is dedicated to updating multiple systems and databases, where it could be better spent on activity related directly to the business. With the Brady CTRM solution in place, we will have better clarity for analysis, improved efficiency and reliability through the reassurance of an automated platform, enabling us to fully concentrate all our efforts into our core business of trading and risk management”. Talking about future plans, he commented: “As we expand the business into physical trading and extend our commodity portfolio, we know that the solution we have chosen is scalable to meet the demands of these new markets quickly and efficiently”.
Gavin Lavelle, CEO of Brady, commented: “Offering flexible and scalable solutions is key to Brady’s success in meeting the diverse requirements of our customers, whose major goal is to continue to grow a profitable business. Levmet has selected Brady’s Cloud delivery, which not only reduces the overall cost of ownership of the solution, but enables the team to focus on its core activities, without needing to focus attentions on understanding the IT complexities of a new platform”. Continuing, he commented: “The flexibility of the Brady CTRM solution, will offer Levmet the capability to move into other areas, as market opportunities arise, reassured by knowledge that the solution is fully extensible to meet these business opportunities”.