10 October 2016: MRI, leading commodity trading house, extends its partnership with Brady for raw materials trading and risk management

10th October2016, London: Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today that MRI Trading AG, a leading global trader of raw materials, has extended its partnership with Brady by selecting its latest fully integrated trading and risk management solution for concentrates, raw materials and their derivatives.

MRI, with its main contracting centres in Switzerland and Singapore, has been a dominant player in metals and minerals trading for over 20 years, focused on physical non-ferrous concentrates trading (primarily in the areas of copper, zinc and lead). MRI has established a position as a challenger to the industry's largest players and benefits from a wide international trading network, including representative offices or subsidiaries in Australia, Chile, China, Mexico, Peru, Canada, South Korea and South Africa.

The company has chosen to extend its business relationship with Brady plc, which has been in place since 1996, as the global trading and risk management provider of its raw materials platform. The Brady solution for raw materials trading and risk management provides the tools to maximise profit, measure performance and monitor positions with effortless and automated management of daily traffic activities. The seamless integration between the physical contract and hedging modules provides MRI's traders and management with real-time risk exposure positions as well as month-end reports, showing global realised P&L projections.

Iain Paterson, Chief Executive Officer of MRI Trading AG, said: 'Brady has been a mission-critical partner of MRI since 1996. Our business is built on integrity, expertise and professionalism, which combine to provide the high level of service our clients expect. The unique benefits Brady delivers to MRI, in addressing the nuances required by companies handling concentrates and raw materials, enable the solution to bring both immediate and long-term benefits to our business and to our clients'.

Ian Jenks, Executive Chairman of Brady plc, commented: 'MRI is a private commodity marketing company owned by CWT, with very ambitious objectives of growth. I am delighted they continue to endorse the benefits of our trading solution in supporting their business. This collaboration is a clear validation 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 raw materials markets'.

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Editorial contact for Brady

Enquiries: Charlie Geller / Helena Shadbolt / Sam Modlin

Redleaf Communications [e-mail][phone]

Email: [e-mail]

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 400 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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on Monday, 10 October 2016. Posted in Global News