Brady, the Cambridge UK risk software specialist, has won a new contract with Codelco, the world’s largest producer of copper and molybdenum.Codelco is Chile’s state-controlled mining company. It has chosen Brady's complete solution to manage its global metal trading position and risk management across its global activities via the Cambridge company’s secure hosted environment.
The Brady solution will enable Codelco to update its price risk management tools and consolidate its global metal hedging positions.
Codelco will also use Brady’s exclusive profit and loss attribution functionality to analyse risk and report on the profitability across operations.
Brady CEO Gavin Lavelle said the new deal was a further endorsement of the company’s international credentials. Its customer base now exceeds 250 companies worldwide and the company has served its markets for more than a quarter of a century.
Lavelle said: “Brady is universally acclaimed as the leading provider of software to the global metals market and we are delighted to have been selected as the partner of choice by the world’s largest copper producer to manage its trading and risk requirements.
“Brady’s solutions offer streamlined processing of trades and centralised data, document and communication capture, enabling companies to maximise efficiency, save time and resources whilst simultaneously reducing errors and risk.”