Brady (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has today announced the launch of Opval.NET, the enhanced version of its front office trading and risk management solution for commodity options pricing and risk management.
With the new added Microsoft .NET capability clients can benefit from faster and more efficient system performance.
Opval.NET was developed by Brady's in-house R&D team following close collaboration with clients. The upgrade will offer a number of benefits including easy integration with a range of third party systems in clients' trading rooms. In addition to providing access to Microsoft's latest technologies such as AJAX and Web 2.0, new features in Opval.NET include support for MS SQL-Server 2005, improved data sharing and increased build integrity, stability and performance.
Andy Hughes, Director, Investment Management Solutions for Microsoft Worldwide Financial Services, commented, "The Microsoft .NET framework is a very flexible tool that enables fast and easy connection between different business applications and software. For Brady this means that clients can now access and share information enterprise-wide anytime, anywhere and on any device, thus improving the company's efficiency. This development is also indicative of a market trend that sees increased use of .NET among the financial community as more clients look to integrate their systems in a more agile and effective manner."
Opval.NET is a specialised trading and risk management system for advanced options and derivatives trading providing all the tools needed for efficient pricing and trading of options. It can instantaneously apply changes to forward curves, skew structures and create the relevant risk reports, which can be used to monitor current positions. Opval.NET enables complex stress testing and creation of multiple "what if" scenarios in simulated market conditions to help clients in their trading decisions.
Says Brian Collins, Director Product Management - Trading at Brady: "We are delighted to be embracing the latest Microsoft technologies. This is a significant step forward in our technical vision and will bring benefitsss to all our clients. We also took this opportunity to add new functionality so our clients will see some great new features in addition to the flexibility offered by Opval.NET. Our strategic development is driven by our clients and we are always grateful for their feedback and support, which helps to maintain Brady's pre-eminent position in the market."