27th April 2015, London: Brady, the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, announced today that Swedish power supplier, Scandem has chosen Brady’s Energy Trading and Risk Management (ETRM) solution to support its power trading and risk management operations.
Headquartered in Örebro, Sweden, Scandem also has operations in Norway and Finland. Scandem provides intelligent energy procurement services to large energy consumers and producers by offering them direct access to the power market and managing their physical and financial contracts. Its customers include power utilities and generators where Scandem handles the sale of electricity provided by the Nord Pool power exchange, NASDAQ or through the OTC market.
Brady ETRM manages financial derivatives and physical energy commodities and will benefit Scandem by providing unrivalled support for the Nordic market and its associated instruments across electricity, emissions, certificates, CFDs and currencies.
According to Örjan Thoren, CEO of Scandem, “Having relied on Brady energy solutions for several years and following a recent review of all the leading vendors in the space, it was clear to us that Brady provided all the advanced functionality to meet our needs, the lowest implementation risk and the most credible customer references in the Nordic markets, with the largest install base in the region. Additionally, we find the team at Brady very responsive and easy to work with, resulting in a great partnership.” Continuing he added: “Already using Brady’s Energy Data Management solution for our business, we now have the very best solution for both the physical and financial energy markets supported by a single vendor.”
Says Gavin Lavelle, CEO of Brady: “Key to Scandem’s requirements was the best solution able to meet its requirements for portfolio management, automated business processes, regulatory reporting and customer reporting, as well as specific functionality and expertise in its core markets, which are strong features of our offering. I am delighted that our partnership with Scandem is further strengthened and look forward to working closely with customers like Scandem to continually refine our solution offering to ensure we meet current and future market requirements.”
Editorial contact for Brady
Rebecca Sanders Hewett/David Ison/Charlie Geller
Tel: +44 (0) 20 7382 4730
Email: rsh@RedleafPolhill.com, di@RedleafPolhill.com or cg@RedleafPolhill.com
Notes to Editors
Brady is the largest European-headquartered provider of trading and risk management software to the global commodity, recycling and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, scrap and secondary metals, soft commodities and agricultural products.
Brady has 30 years’ expertise in the commodity markets with over 300 customers worldwide, who depend on Brady’s software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world’s largest financial institutions, trading companies, miners, refiners, scrap processors, recyclers and producers, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.
For further information visit: www.bradytechnologies.com
Scandem AB is a Swedish company headquartered in Örebro, with operations in Norway and Finland.
Scandem helps end users of electricity buy and sell electricity in the market and to manage certificates and C02 trading. Scandem’s customers include electricity utilities and power generators where Scandem handles the sale of electricity produced via the Nord Pool power exchange, NASDAQ or through the bilateral OTC market. The company is active in all markets (Nord Pool, Nasdaq OMX), ie the spot, futures and carbon markets (C02) and the bilateral certificate market and has balancing contracts with the Swedish Kraftnät in Sweden, Statnett in Norway and Fingrid in Finland. Scandem is able to manage the supply of electricity in the Nordic region.
Scandem’s customers are large, medium and small industrial companies, service companies, real estate companies, municipalities, retail and trading companies. Scandem sources power generated by wind and renewables as well as small-scale hydropower producers.
For further information visit: www.scandem.se