20 October 2017
Register now

Mitsubishi Corporation taps Brady for global precious metals trading

25 February 2010  |  1821 views  |  0 Source: Brady

Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has announced today that The Mitsubishi Corporation, Tokyo, signed a new deal in 2009 to extend the use of Brady's trading and risk technology to now include all of the corporation's global trading of both physical and derivative precious metals.

Mitsubishi Corporation is Japan's largest general trading company (sogo shosha) with over 200 bases of operations and 500 companies in approximately 80 countries worldwide. Part of Mitsubishi's stated approach to business is to constantly seek out cutting-edge technologies for its businesses. To this end Brady was chosen by Mitsubishi International Corporation in New York for its precious metals and aluminium trading in January 2007.

The new deal will provide Mitsubishi with a single integrated platform for both physical and derivatives trading and also give improved exchange connectivity and regulatory compliance for their global activities.

Gavin Lavelle, CEO of Brady, comments: "Mitsubishi is a great client to work with. They have been using our trading and risk technology in New York since '07 and have chosen us again for a global implementation. Its increasing use of our trading and risk technology results from our continuing investment in our product set and the specialist knowledge of our R&D teams."

Brady provides regulatory compliance (particularly VaR and audit capabilities), valuations and improved risk management tools including enhanced mark-to-market reports that present an enterprise-wide view of risk positions in real-time.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comRegister now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
16067 views comments | 12 tweets | 4 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8282 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
7851 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7278 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6629 views comments | 10 tweets | 21 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job