Industry-first solution will handle U.S. Cotton trading activities
London; October 7th, 2015 – Brady plc (BRY.L), a leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, announced today that working in collaboration with Noble Agri, the integrated global commodities company, it has developed and implemented the first comprehensive commodity trading and risk management solution specifically created for the U.S. Cotton industry. The new platform, deployed at Noble’s Houston, TX offices, went live today.
The new Brady solution for Cotton is the first system in the market that handles physical and future contract administration, risk management, physical trading, profit and loss analytics, inventory management, trade finance, and document management, combined with many U.S. cotton-specific functionalities to manage trading and logistics activities down to the bale level. The system is completely integrated with many of the U.S. cotton industry’s most common interfaces including EWR, AMS, PCCA, ICE, USDA, COPS, Integra, QRNet, eCotton and The Seam.
Gavin Lavelle, CEO of Brady plc commented: “The result of this collaboration clearly demonstrates our ability to provide end-to-end solutions in the soft commodities trading space, in this case specifically for the US Cotton industry. Our partnership with Noble Agri gives us every confidence that we have developed a solution that will increase the efficiency of companies involved in cotton trading and help them maximise their margins during these volatile markets. We are now in the unique position of being able to offer a fully global trading solution to the cotton market, which is live at Noble Agri.”
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Editorial contact for Brady
David Ison/Charlie Geller/Joey Brown
Tel: +44 (0) 20 566 6720
Email: rsh@RedleafPolhill.com or di@RedleafPolhill.com or cg@RedleafPolhill.com
Notes to Editors:
About Brady plc
Brady plc (BRY.L) 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.bradyplc.com
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