London, 16 July 2020: Brady plc, a leading software provider to global commodities trading markets, announces that Koch Supply and Trading (‘Koch’), is migrating its metals trading operations to Brady Cloud Services.
Koch, an indirect subsidiary of the global multinational, Koch Industries Inc. has been a long-standing customer of Brady’s for 20 years. Koch has a diverse trading portfolio which includes metals (base and precious), crude oil, refined petroleum products, gas liquids, and LNG. Brady’s financial commodity trading and risk management solution supports Koch’s entire financial trading lifecycle from trade entry to settlements.
Kevin Brunton, CIO, Koch Supply & Trading says, “To thrive in today’s commodity trading markets, businesses like ours continually evaluate ways to increase efficiencies, improve security and reduce total cost of ownership of technology over the long term. The cloud is one aspect of our strategy to achieve these aims. Over the years the Brady team has consistently delivered high-quality services to our business. Their solution continues to be central to our metals trading operations. We look forward to working with them to realize the benefits of accessing the functionalities that we rely on daily over the cloud.”
Carmen Carey, CEO at Brady says, “We are delighted to be embarking on this new project with Koch. We are seeing many of our customers expressing interest in migrating their existing on-premise Brady solution to a dedicated cloud environment. By doing so, they can realize the benefits of greater scalability, higher security, and freeing up of internal resources to focus on value-added projects. We offer a structured migration service to help ensure a swift transition of their existing Brady systems and data with minimum disruption to their day-to-day mission-critical activities.”
About Koch Supply & Trading
Koch Supply & Trading companies around the world trade crude oil; intermediate feedstocks; refined petroleum products; residual fuel oil; gas liquids; natural gas, liquefied natural gas, power and emission allowances; industrial metals; and other commodities.