Brady snaps up contract from Swiss commodities trader

19th Jun 2013 08:01

Brady, the AIM-listed supplier of trading and risk management solutions, has reported that Switzerland-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.Agrifert's products include grain, rice, sugar and fertiliser. The company, which serves the metals, recycling, energy and soft commodities sectors, said that the solution would provide total transparency and accuracy for Agrifert's trading and risk management operations, from deal capture through to accounting. The solution essentially 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. Gavin Lavelle, Chief Executive Officer of Brady, commented: "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."Brady's share price was up 0.70% to 72p at 08:01 on Wednesday.MF