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Brady wins BTI deal

18 October 2010  |  1972 views  |  0 Source: Brady

Brady plc (BRY.L), the global provider of trading, risk management and settlement solutions to the metals and commodities sectors, confirmed today that BTI Bulk Trading International SA (BTI), a leading independent trading company with activities across the globe, dealing in solid fuels for power generators, cement and steel factories as well as base metals worldwide, headquartered in Lugano (Switzerland), has selected Brady's trading and risk management solution for its trading activities.

Michele Ortelli, Managing Director of BTI said: "We needed to replace the solution we currently use for coal trading, in addition to supporting our newly-created trading activity in base metals. After careful consideration, extensive research and evaluation we chose Brady. They clearly have a deep understanding of our business needs and proved totally professional in delivering the integrated product set we wanted. Brady is definitely considered to be the industry standard amongst the commodity trading community. We are therefore confident they will not only meet but exceed our expectations within the single software solution."

Brady's fully integrated software solution will provide BTI with a complete set of commodity trading and risk management functions: from physical trading through commodity and Forex hedging; valuation of the positions and P&L, with detailed cost analysis; logistics, including complete traceability from stock warehouse to final delivery; trade finance, including LCs, bank interest, pre-financing, credit insurance and credit limits; to customer invoicing and final accounting of overall trading activity.

Gavin Lavelle, CEO of Brady, commented: "We are delighted to have BTI as a client; they quickly recognised the unique benefits of Brady and appreciated the value our solution would bring to their business. The success of our solutions is underpinned by our in-depth understanding of BTI and its requirements for the right solution to fully support their trading team not only for coal but also in their newly set-up base metals division."

BTI has current projects for investing in mining activities in Indonesia and Colombia. Integrated logistics management (loading ports and fast loading facilities, stock management and quality control facilities) has played a significant role in the company's success; Brady's integrated product set will now provide important additional benefits for the trading and risk management aspects of the operation. BTI has enjoyed significant expansion and close collaboration with the principal producers in Indonesia, India, China, Ukraine, Russia, Colombia and South Africa.

 

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