10 October 2016: MRI, leading commodity trading house, extends its partnership with Brady for raw materials trading and risk management
10th October 2016, London: Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today that MRI Trading AG, a leading global trader of raw materials, has extended its business relationship with Brady by retaining its latest integrated trading and risk management solution for concentrates, raw materials and their derivatives.
MRI, with its main contracting centres in Switzerland and Singapore, has been a dominant player in metals and minerals trading for over 20 years, focused on physical non-ferrous concentrates trading (primarily in the areas of copper, zinc and lead). MRI has established itself as a challenger to the industry’s largest players and benefits from a wide international trading network.
Iain Paterson, Chief Executive Officer of MRI Trading AG, said: “Brady has been a long term and important business partner of MRI. Our success is built on integrity, expertise and professionalism, which leverages value from good relationships through consistent and high quality services we deliver to our clients. The solution that Brady offers to MRI, equips the business with the tools to manage the nuances and complexities unique to the concentrates and raw materials trading environment. The solution enables us to tap into both immediate and long-term market opportunities beneficial to our business and to our clients”.
Ian Jenks, Executive Chairman of Brady plc, commented: “MRI is a private commodity marketing company owned by CWT, with very ambitious objectives of growth. I am delighted they continue to endorse the benefits of our trading solution in supporting their business. This collaboration is a clear validation of Brady as a leading technology supplier and evidence of our dominant position as the major provider of specialist trading and risk management solutions to the world’s raw materials markets”.
Editorial contact for Brady
Enquiries: Charlie Geller / Helena Shadbolt / Sam Modlin
Notes to Editors
About Brady plc
Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity, recycling and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, scrap and secondary metals, soft commodities and agricultural products.
Brady has 30 years’ expertise in the commodity markets with over 400 customers worldwide, who depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest financial institutions, trading companies, miners, refiners, scrap processors, recyclers and producers, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.
For further information visit: www.bradyplc.com