26 September 2017
Find out more

BGC selects Brady system for London commodities desk

20 May 2008  |  2271 views  |  0 Source: Brady

Brady (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has today confirmed that BGC International (BGC), a subsidiary of BGC Partners, one of the world's leading inter-dealer brokers, has selected Brady's market leading trading and risk management solution for commodity options pricing and risk management on its commodities desk in London.

BGC, a London Metal Exchange (LME) Category II member, has confirmed the selection of Brady's option pricing module which will offer its clients the ability to enter into transactions which are guaranteed by the London Clearing House (LCH). Specifically designed for professional derivatives traders, Brady will provide BGC with the ability to price on a real-time basis all exchange-traded derivatives including LME TAPOs (Traded Average Price Options) accurately and consistently with the market community.

Steve Goodger, Head of BGC's commodities desk in London, said, "We were very familiar with Brady, which is seen very much as an industry standard in the commodity options market-making community, so the selection process was easy and we knew that it could fulfil our requirements."

Gavin Lavelle, CEO at Brady, comments: "It is great to have BGC as a client; they very quickly recognised the unique benefits of Brady and saw the value it will bring to their business. Much of the success of our solutions is predicated on our deep knowledge and understanding of commodity markets and effective communication with clients. Understanding both their current and future needs enables Brady to provide our clients with a quantifiable, competitive edge."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.ncr.comvisit www.temenos.comvisit www.capgemini.com

Top topics

Most viewed Most shared
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
11980 views comments | 16 tweets | 30 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8755 views comments | 34 tweets | 46 linkedin
hands typing furiouslyBlockchain is a new way of thinking?
7473 views 2 | 10 tweets | 1 linkedin
Sophia the humanoid gets UBS conference speaking gigSophia the humanoid gets UBS conference sp...
7182 views comments | 16 tweets | 20 linkedin

Featured job

London, UK (or flexible)

Find your next job