Brady advances on Royce Corporation contract win

9th May 2013 11:30

Brady, the AIM-listed trading and risk management solutions supplier for metals, recycling, energy and soft commodities, has reported that Royce Corporation, a US-based international trading company, has selected Brady to handle its trading, risk management and logistics processes. Royce Corporation, which was founded in 1986, is a US-based international trading company headquartered in Miami, Florida, that specializes in trading ferrous, non-ferrous metals and plastics. Brady reported that Royce would implement its physical trading solution automating trading, hedging and physical metal purchase among other functions. Gavin Lavelle, Chief executive Officer of Brady, commented: "Brady is committed to providing companies trading the full portfolio of metals, from primary metals and steel to scrap, with a solution that also manages the basis risk between locations, qualities and the marketplace, and simultaneously providing those companies exposed to market price volatility with the most advanced, real-time solution to buy, sell and transport commodities." Brady's share price was up 5.26% to 80p at 11:33 on Thursday.MF