Established in 2011, Freepoint operates globally in the gas, power, oil, and coal markets and recently agreed to acquire J P Morgan’s metal concentrates business, emphasising the company’s vision of creating a multi-commodity physical trading business. The Brady energy power scheduling solution will be employed by Freepoint’s European Energy team in London, facilitating an automated power scheduling process in each of the markets that they serve. Brady CEO, Gavin Lavelle, said: “It’s great news to have been selected as the partner of choice by Freepoint in the energy space. The deal further enhances our position as the largest European-headquartered provider of commodities trading and risk management software by revenues.”
Brady, the Cambridge UK-based risk management software specialist, has secured a new and major international contract in the energy sector. Freepoint, a physical commodity trading, and marketing company, has chosen Brady Energy’s EU and UK power scheduling solution to handle its power scheduling requirements in the UK, Germany, France, Czech Republic, Slovakia, Hungary, Romania, Austria, Netherlands, and Belgium.