Brady Technologies is named as a Category Leader in the latest Chartis report examining market trends in energy pricing and data management, and the software vendor landscape. Brady’s SaaS ETRM platform ‘Igloo’ and SaaS short-term power trading platform ‘PowerDesk’ were evaluated in this study.
London – January 2022 – Brady Technologies (‘Brady’), a leading provider of trading, risk and logistics software for energy and commodities markets, has been recognised as a category leader in Chartis’ latest report on Energy Pricing and Data Management.
According to the report, “the shift to physicals trading is causing an expansion in the pricing and data management space, as requirements for data and curves to support physical trading increase.” An abundance of new data sources is shaping the demand for systems and software, as energy trading participants need to integrate and consolidate data from many sources. Alongside this, Chartis predicts that the transition to renewable energy and the growth of short-term power trading will drive many firms to re-examine their existing analytics, data and market structure.
“We are proud to be recognised as a category leader by Chartis in this report,” says Bernard Delahaye, CEO of Brady Technologies. “It validates our mission to provide energy traders with ‘best in class’ software solutions to accelerate profits in both curve trading across multiple asset classes, and short-term trading in power markets. Chartis classifies vendors as “category leaders” primarily based on their technology architecture, functionality, user experience, sector coverage and strategic direction.”
Brady is recognised as a category leader in both of Chartis’ quadrants for pricing and analytics and data management respectively.
In pricing and analytics, Brady scored well in data support and technology architecture.
In data management, Brady scored well in data integration and management, curve generation and interpolation and asset class coverage.
Chartis evaluated Brady’s latest SaaS solutions for financial and physical trading, Igloo and PowerDesk, in this survey.
“Against a background of expansion and transition, many energy trading firms are re-examining and evaluating their data and analytics,” said John MacDonagh, Senior Research Specialist at Chartis. “Brady’s strength in data, alongside its regional and asset class coverage, highlight its attempts to address these trends, and are reflected in its category leader position in both quadrants.”
Designed for high frequency curve trading across multiple asset classes, Igloo is a European ETRM platform that offers unrivalled connectivity with all the major regional markets, as well as clearers, intermediaries and trading platforms.
Designed for short-term power markets in the Nordics and GB, PowerDesk supports day ahead and intraday trading, with state-of-the art visualisations of live P&L and net open positions. In addition, advanced algorithmic trading features are currently in the proof of concept stage.
To obtain a copy of the full report, visit the Chartis website at here.
About Brady Technologies
Brady Technologies is a leading provider of energy and commodities trading, risk, and logistics management software, empowering global market participants to trade confidently, profitably and sustainably. Our customers include renowned multinationals, where Brady software sits at the core of mission-critical global trading operations. Brady solutions cover the entire trading operation from capture of financial and physical trades, through risk management, handling of physical operations, back-office treasury and settlement, for power, oil, gas, coal, FX, emissions, refined and unrefined metals, and agricultural products.
About Chartis Research
Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis’ goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.