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Brady advances on Royce Corporation contract win

Brady, the AIM-listed trading and risk management solutions supplier for metals, recycling, energy and soft commodities, has reported that Royce Corporation, a US-based international trading company, has selected Brady to handle its trading, risk management and logistics processes.

Brady, the AIM-listed trading and risk management solutions supplier for metals, recycling, energy and soft commodities, has reported that Royce Corporation, a US-based international trading company, has selected Brady to handle its trading, risk management and logistics processes.

Royce Corporation, which was founded in 1986, is a US-based international trading company headquartered in Miami, Florida, that specializes in trading ferrous, non-ferrous metals and plastics.

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Brady reported that Royce would implement its physical trading solution automating trading, hedging and physical metal purchase among other functions.

Gavin Lavelle, Chief executive Officer of Brady, commented: "Brady is committed to providing companies trading the full portfolio of metals, from primary metals and steel to scrap, with a solution that also manages the basis risk between locations, qualities and the marketplace, and simultaneously providing those companies exposed to market price volatility with the most advanced, real-time solution to buy, sell and transport commodities."

Brady's share price was up 5.26% to 80p at 11:33 on Thursday.

MF

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