Brady (BRY.L), the leading global provider of trading, risk management and settlement solutions to the metals, energy and commodities sectors, announced today that Ronly, a worldwide trading company dealing with metallurgical and agricultural commodities, has selected Brady to provide its trading and risk management solution to support Ronly's new derivatives trading operations.
One of the fastest growing businesses in their sector, Ronly has over 30 years' experience and is headquartered in London, with a network of international offices in Europe, the Middle East and Latin America. Ronly is a leading provider of trade, finance and logistics solutions to major manufacturing and trading companies across five continents. The company is implementing the latest generation of Brady's specialist commodity trading and risk management technology to support its trading of base metals derivatives, iron ore, coal and freight swaps. The implementation across Ronly's trading operations will include Brady's integrated "Single Source - Single View" trading and risk management solution set.
Ronly, said: "As we launch our new derivatives trading operations it is vital we have the right systems and controls in place to support our business. Brady's experience and track record of providing world-class commodities trading and risk management solutions means they are the obvious partner of choice for our new operations. Moreover, Brady's ability to deliver a fully integrated solution to our requirements within a very short timescale was particularly important to us. We look forward to a long and successful relationship with Brady."
Gavin Lavelle, CEO of Brady Plc, commented: "I am delighted that Ronly has chosen Brady to provide the infrastructure to support its new derivatives trading operations. It is a clear endorsement of Brady as a leading technology supplier and evidence of our dominant position as the major provider of specialist trading and risk management solutions to the world's commodity markets."