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Brady's commodity trading software for US cotton market
12
Oct '15
Brady plc, a leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, has announced that it has developed and implemented the first comprehensive commodity trading and risk management solution specifically created for the US cotton industry. It was developed in collaboration with Noble Agri, the integrated global commodities company, The new platform, deployed at Noble's Houston, TX offices, went live on October 7, Brady said in a press release.

The new Brady solution for cotton is the first system in the market that handles physical and future contract administration, risk management, physical trading, profit and loss analytics, inventory management, trade finance, and document management, combined with many US cotton-specific functionalities to manage trading and logistics activities down to the bale level.

The system is completely integrated with many of the US cotton industry's most common interfaces including EWR, AMS, PCCA, ICE, USDA, COPS, Integra, QRNet, eCotton and The Seam.

"The result of this collaboration clearly demonstrates our ability to provide end-to-end solutions in the soft commodities trading space, in this case specifically for the US cotton industry. Our partnership with Noble Agri gives us every confidence that we have developed a solution that will increase the efficiency of companies involved in cotton trading and help them maximise their margins during these volatile markets. We are now in the unique position of being able to offer a fully global trading solution to the cotton market, which is live at Noble Agri,” said Gavin Lavelle, CEO of Brady plc. (SH)

Fibre2Fashion News Desk – India

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