London, December 2019: Brady plc, a leading provider of trading, risk management and logistics solutions for global commodity and energy markets, announces that VMI has gone live with its ‘Quick Start’ physical trading solution for metals.
‘The current Short-Range outlook suggests that global steel demand will continue to grow in 2020, more than we expected in these challenging times, mainly due to China. In the rest of the world, steel demand slowed in 2019 as uncertainty, trade tensions and geopolitical issues weighed on investment and trade. Manufacturing, particularly the auto industry, has performed poorly contracting in many countries, however in construction, despite some slowing, a positive momentum has been maintained. While the global economic outlook is highly unpredictable, we expect to see further growth in steel demand in 2020 of 1.7%, with emerging and developing economies excluding China contributing more. This forecast faces significant downside risks if the current level of uncertainty prevails. We selected Brady’s ‘Quick Start’ solution for its ability to meet the essential capabilities were looking for, at the right price point, in the quickest timeframe possible,’ says VMI’s Managing Director.
Brady’s ‘Quick Start’ solution is delivered pre-configured to support end-to-end trading business processes for base metals, including pricing terms and hedging strategies for the London Metal Exchange, Chicago Mercantile Exchange (COMEX) and Shanghai Metal Exchange. The solution supports common currencies, premiums, countries, incoterms, payment terms, default price uploads, accruals and accounting rules and standard templates for contracts and invoices. Available in the cloud, metal trading companies can start using its capabilities without needing any technical infrastructure. It has been designed for market participants seeking a fit-for-purpose metals trading, risk management and logistics solution without incurring the time, business upheaval or costs of a fully customisable solution.
‘We are delighted to be partnering with VMI to support their business needs today, as well as their expansion plans for the future. We are seeing a growing number of start-ups engaged in scrap metal trading approach us, with the same desire to seize opportunities in secondary markets. The ‘Quick Start’ solution allows start-ups to manage the trading transaction management and delivery process with core elements of Brady’s full-scale commodity trading platform, proven at leading financial institutions and trading companies world-wide, with minimal implementation time and at low cost.’ says Carmen Carey, CEO , Brady Plc.
Varuna M International FZE is incorporated in the United Arab Emirates and specialises in international trade and the management of related risks.
Our experience spans more than 25 years in the commodity markets and have expertise in trading niche products and materials. We are focused on sourcing the highest quality materials and trade in both the primary and secondary markets such as prime steel, steel making raw materials, other metals, minerals and non-ferrous scrap. We have a presence in Europe, Middle East, South East Asia and the African Subcontinent.
Brady provides trading, risk and logistics management software solutions to global commodities markets. Our mission is to empower you to trade confidently, profitably and sustainably today and in the future.
Our customers include start-ups to leading multinationals trading in metals and agricultural commodities. Brady sits at the core of their mission critical trading operations, supporting billions of dollars’ worth of transactions.
Brady solutions help front, mid and back office teams to better understand costs throughout the financial and physical trading life cycle, assess market and credit risks in real-time and efficiently manage the logistics involved in the timely delivery of commodities.
Whether you have small or large portfolios, you can scale selected functions and pay simply for what you need. We believe in long-term collaborative relationships with our customers. Many have been with us for over 20 years. We are an independent company, agile in the way we do business and how we provide customer service.
With over 30 years’ experience in this industry, our workforce includes ex traders and sector specialists, who continually keep abreast of market changes.
Let us help you start trading more profitably.
Contact us now to learn more.Contact Us Download Brochure