Source: Brady
Brady (BRY.L), the leading global supplier of trading, risk management and settlement solutions to the energy, metals & softs sectors, announced today that the newly established M3 Capital AS, based in Stavanger, Norway, will implement Brady's Elviz solution for their core energy trading and portfolio management activities.
M3 Capital AS specialises in trading energy products in the Nordic Power Market.
Bengt Staveland, CEO of M3 Capital Management AS, commented, "We have selected Brady's solution to support our trading and portfolio management because of our previous knowledge of Elviz. We have extensive experience in the energy market and are confident that the Elviz solution and the Brady energy team are clearly the best in their field. We have developed trading strategies which have been extensively back-tested and our aim is to secure a 20% annual return for our investors. To achieve this Brady's expertise will be integral to our performance."
Gavin Lavelle, CEO of Brady, commented: "We are very excited to have signed this deal with Bengt and M3 Capital AS. This is the first deal we have completed since the acquisition of Viz Risk Management in December 2010 and we look forward to working with M3 and our energy team to ensure our continued growth in this market."