16 June 2010, London: Brady plc (BRY.L), the leading global supplier of trading, risk management and settlement solutions to the metals and commodities sectors, announced today that Koch Supply & Trading Company Ltd. ("Koch Supply & Trading") is now using Brady technology to support its physical trading operations.
Koch Supply & Trading, an indirect subsidiary of Koch Industries Inc. and part of the Koch Supply & Trading group of companies, trades in base and precious metals, oil, petrochemicals, gas and power, with locations in North America, Europe and Asia. For a number of years, Koch Supply & Trading companies have used Brady technology for derivatives trading and risk management on the metals trading desks in London, Singapore and Houston, among others.
Koch Supply & Trading has implemented Brady's physical commodities trading platform as part of a major programme to enhance the technology underpinning its metals trading operations. Over the coming months, Koch Supply & Trading will also upgrade to the current version of Brady's derivatives trading solution, becoming the latest of Brady's clients to use the recently released LME SMART interface (London Metal Exchange System for Matching and Registering Trades).
Rob Short, CIO of Koch Supply & Trading LP commented: "We have been working with Brady for a number of years now; the company's thorough understanding of our business and the global metals market continues to be a big advantage to our business. The rollout of the new physical trading function will further extend the capability of our technical infrastructure."
Brady's CEO, Gavin Lavelle, commented: "The Koch organization has developed core capabilities including: operations and trading excellence combined with innovation. So Koch Supply & Trading's decision to upgrade to our latest platform is all the more significant. The deal includes both the physical trading capability and our recently released LME SMART interface, which is already providing competitive and administrative advantages to our clients. We have been fortunate to count Koch Supply & Trading as a client of ours for some time and it is encouraging to see its increasing use of our trading and risk management technology."
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Notes to Editors
About Koch
Koch Supply & Trading companies offer an international team of experts skilled in a disciplined, research-based approach of identifying and delivering profitable trade opportunities while also managing potential risk.
Backed by a credit rating higher than 98 percent of rated energy companies, Koch Supply & Trading companies are indirect subsidiaries of Koch Industries, Inc., one of the largest private companies in North America, according to Forbes magazine.
Koch companies have a presence in nearly 60 countries and employ about 70,000 individuals in diverse businesses around the world. Koch companies have completed more than $32 billion in acquisitions and investments since 2003. Since 1960, the value of the Standard & Poor's 500 grew about 73-fold, assuming the reinvestment of dividends. During that same period, the value of Koch Industries grew nearly 2,400-fold, using the same assumptions. http://www.ksandt.com/
About Brady plc
Brady plc (BRY.L) is a leading global provider of trading and risk management software to the worldwide commodity 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 refined and unrefined metals, softs and energy. Brady has 25 years' expertise in the commodity markets with over 100 customers worldwide, including some of the largest financial institutions, producers and mining corporations which depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest miners, refiners and producers, trading companies, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members. For further information visit: www.bradyplc.com