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Brady PLC

Brady PLC is the largest independent provider of trading, risk management and logistics software to the global commodities and energy markets.

The solutions support the processes involved in financial and physical trading processes for energy and commodities. Key areas from front to back office addressed include deal capture, position monitoring, risk management, P&L analysis, settlements and accounting and logistics management.

History

Brady PLC was founded in 1985 by Dr Robert Brady to provide derivative solutions for members of the London Metal Exchange.

In 2004 Brady was listed on AIM. The public listing provided the company with ready access to capital from supportive investors aiding further growth through acquisition.

In 2007 Brady recruited a new management team to further the growth of the business. As Brady had a strong platform in metals, the new Board was brought in to drive further growth in the business via international expansion, strengthening marketing and distribution as well as solution diversification. The Board considered a strategy of carefully selected acquisitions.

In 2009 Brady successfully acquired Commodities Software (UK) Ltd (Comsoft), which focused on raw materials and concentrates. The acquisition enabled the company to offer a comprehensive metals solution resulting in significant business growth.

In 2010 Brady acquired Viveo, giving capability to offer a globally deployed end-to-end solution for; physical and futures contract administration, risk management, physical trading, profit and loss analytics, inventory management, trade finance and document management with integrated accounting functionality. Late 2010 saw Brady’s entrance into the energy market and the acquisition of Viz Risk Management.

In 2012 Brady acquired Navita, a company with significant recognition in European physical power markets. The acquisition helped to consolidate the company’s position as the leading energy trading software company in Europe.

Brady then acquired Syseca, a pan-European energy scheduling and balancing software provider with a solution set covering the majority of power Transmission System Operators across Europe.

In 2015 Brady acquired EnergyCredit; a company with specialised domain expertise in credit risk to the energy and commodity markets. The acquisition enabled Brady to offer a global credit risk management solution.

Carmen Carey joined Brady as CEO in February 2019. With Carmen’s direction, the business established a Portfolio aligned organisational structure maximising the diverse range of products by Portfolio.

= Products = Financial commodity trading system

Brady’s financial trading system is aimed at traders of metals and agricultural commodities. It supports standard financial contracts including forward s, futures, options and averages to complex derivative instruments.

Physical commodity trading system

Brady’s physical trading system is aimed at traders of metals and agricultural commodities. It handles the logistical complexities of land, maritime and multimodal shipment flows and provides an up-to-date view of stock balances and movements at multiple locations.

Products for energy
Pan-European financial energy trading system

Brady’s Energy Trading and Risk Management (ETRM) system supports real-time cross border trading of financial and physical contracts across European energy markets. It supports business decision-making with the ability to continually monitor market prices, traded volumes, cash flows, Mark-to-Market (MtM), Value-at-Risk (VaR) and other risk measures across portfolios.

Pan-European physical power trading solutions

Brady offers a suite of software solutions to support short-term/intraday power trading across European markets to address the following key areas:

·       Power generation planning and order preparation

·       Day-ahead trading on EPEX and Nord Pool power exchanges

·       Intraday power trading on EPEX’s Intraday Continuous Market

·       Bidding and results processing in ancillary and balancing markets directly with Transmission System Operators (TSOs)

·       Large volumes of trade data processing in near real-time for customised aggregation and analysis

·      Scheduling (nominations) to meet power TSO communications protocol and deadlines

·      Bidding in Balancing Markets directly with TSOs

·       Meter data management for more accurate customer billing

·       Settlement and invoicing processes of complex contracts (such as Power Purchase Agreements and Tolling Contracts)

Products for credit risk management
Credit risk management

Brady’s solutions for credit are aimed at multiple industries to mitigate counterparty risk, prevent loss and manage liquidity. It closely monitors market conditions, to analyse the impact of potential adverse scenarios, estimate the risk velocity and comply with robust risk policies.