Brady launches metals and commodities risk management system
16 January 2008 | 1626 views | 0
Brady (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has today announced the launch of Trinity Concentrates, a new and fully integrated commercial and risk management system.
Trinity Concentrates is the first product to bring a complete end-to-end solution to these markets and to integrate hedging and risk management.
For the first time it is possible to have a real-time consolidated risk position in a single system. By bringing together the management of the physical supply chain with market-based financial valuations and cash management requirements, Trinity used in conjunction with Trinity Concentrates (the Trinity Suite) enable organisations to progress from simply tracking contracts to managing their global commodities risk across the business, providing a consolidated metals book. This in turn allows them to identify new opportunities, enhance profitability and manage risk better.
Trinity Concentrates is aimed at producers - mining and smelter companies - as well as trading companies. Trinity Suite offers a unique and complete set of tools required to handle both the commercial (production) aspects and the risk management of refined product and concentrates. Most production and refining organisations manage their commodity activities manually, using spreadsheets and/or disparate [in-house] systems; using Trinity Concentrates will allow far more efficient tracking, trading and risk management and will also significantly reduce support costs and eliminate compatibility issues. Trinity Concentrates offers a host of new functionality including extensive risk management, contract administration, complete invoice management, profit & loss and position reporting.
"We have invested a great deal of our time and knowledge into researching the requirements of our world-wide client base and the overall marketplace. Until now there has been no single solution for producers and trading companies that would allow them to manage their risk and all the commercial facets of their commodity trading activities. The Trinity Suite solves that problem, providing an efficient, cost-effective front- to back- office solution. It is great to be the first to market with such a groundbreaking product; I am delighted to be able to offer it to the commodity trading community," says Gavin Lavelle, CEO of Brady.
The Trinity Suite is the complete solution for commodities trading and risk management. It also handles the associated foreign exchange and money market requirements in a single integrated application. Straight through processing (STP) is achieved by linking the front, middle and back office functions. Trinity and Trinity Concentrates can be deployed either as stand-alone products or as a suite.
Concentrates are the mined raw material prior to it going through the complex process of refining, extracting and separating the metal content.