Brady (BRY.L), the leading global provider of trading, risk management and settlement solutions to the metals, energy and commodities sectors, announced today that Ronly, a worldwide trading company handling steel, metallurgical and agricultural commodities, has implemented Brady's trading and risk management solution to support Ronly's derivatives trading operations.
One of the fastest growing businesses in their sector, Ronly has over 30 years' experience and is headquartered in London, with a network of international offices in Europe, the Middle East and Latin America. Ronly is a leading provider of trade, finance and logistics solutions to major manufacturing and trading companies across five continents. The company has implemented the latest generation of Brady's specialist commodity trading and risk management technology to support its trading of steel, iron ore, coal, base metals and freight derivatives. The implementation across Ronly's trading operations includes Brady's integrated "Single Source - Single View" trading and risk management solution set.
A Ronly spokesperson said: "The growing importance of financial derivatives for hedging and risk management in our business meant it was imperative to have the correct systems and controls in place to support our trading operations and risk management processes. Brady's experience and track record of providing world-class commodities trading and risk management solutions gave us the confidence that they were the obvious partner of choice for our trading operations. Moreover, Brady's ability to deliver a fully integrated solution to our requirements within a very short timescale was of prime importance to us. Brady's knowledge of our business environment and our requirements made for a smooth implementation. The project was realistically managed from both sides, resulting in a solution which is fully in line with our expectations."
Gavin Lavelle, CEO of Brady Plc, commented: "Growing regulatory (Dodd-Frank, Mifid, Basle III), legal and corporate governance requirements are adding to the pressures on the trading fraternity. As a result we are seeing more and more companies coming to Brady to seek solutions which enable them to track the full life-cycle of a deal as well as offer real-time risk analysis and monitoring across exchange-traded and OTC contracntracts. I am delighted Ronly has chosen Brady to provide the infrastructure to support its new derivatives trading operations. It is a clear endorsement 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 commodity markets."