Brady (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has announced today that Mitsubishi Corporation (UK) has chosen Brady's Trinity for its aluminium trading operation.
Mitsubishi already has a relationship with Brady, having been a user of Trinity for its precious metals trading in New York since January 2007. The latest deal extends the use of Trinity to include the company's aluminium trading in Europe.
Trinity will provide valuations and improved risk management tools for Mitsubishi including enhanced mark-to-market reports that allow an enterprise-wide view of its risk positions in real-time. Trinity will replace the manual processes that are currently in place and will result in improved speed and risk management capabilities.
A key requirement for Mitsubishi Corporation was to automate a number of processes, which would in turn enable the organisation to manage risk more effectively. Trinity's robust risk engine as well as its front-to-back office functionality will provide Mitsubishi Corporation with a solid platform to support its aluminium business as it continues to grow.
Gavin Lavelle, CEO of Brady comments: "We are delighted to be working with Mitsubishi. It is a privilege to have been chosen once again as the provider of risk management and trading software for Mitsubishi's metals trading business. It is a strong endorsement of our people and products and I am looking forward to continuing and building on our relationship."