Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, announced today that a leading multi-asset global trading house has selected Brady to support the organisation’s global trading and risk management of its physical and derivatives operations for its refined metals and concentrates businesses in its worldwide locations across four continents.
The Brady solution provides the trading organisation with unrivalled CTRM functionality to manage its global physical and derivatives metal trading. The solution manages the complete life-cycle of the trade, enabling total transparency and accuracy of its trading, operations, settlement, logistics and financing. To support its concentrates trading, Brady will deploy its latest generation of metals raw materials services, including complex contract rule creation, valuations, inventory management, tolling, blend optimisation and risk exposure.
A key requirement for the client was to have a single solution for both its concentrates and refined metal trading and associated hedging. Having partnered with Brady for several years, the client has every confidence in Brady’s ability to deliver, particularly in the nuances involved in the area of ensuring that concentrates trades are documented and measured reliably to enable efficient management of the single/multiple purchase and sale contracts and the associated hedge trades.
Gavin Lavelle, CEO of Brady plc commented: "This contract further underlines our position as the leading global trading and risk management across refined metal, concentrates and derivatives. We are aware that customers have choices in their solution providers and I firmly believe that their continued reliance on Brady is testament to our domain expertise and flexible approach and consistently delivering on our commitments to customers”.