Leading scrap metals trading firm, Tangent Trading Ltd (Tangent) are the latest customer to join Brady Technologies. As a member of the London Metal Exchange executing global trades, procuring a metals trading solution with comprehensive logistics handling was an important criterion.
London based Tangent was founded in 1985 and specialises in non-ferrous scrap metals trading, with a focus on copper and aluminium markets. Tangent has an international network of customers and suppliers across Asia, Europe, the Middle East and North America. The company was acquired by Marex Spectron earlier this year.
Fintrade is Brady’s front-to-back office physical commodity trading solution. It offers specialist functionality to address the logistics requirements and supply chain complexities of trading and delivering commodities via land, maritime and multimodal shipment flows. Brady’s ‘Fast Start’ approach enables customers to implement Fintrade’s core functionality within a minimum set up time. Tangent identified Brady’s solution as the best fit to help manage their trading operations,
Andrew Nelson, Financial Director at Tangent said, “We were looking to streamline our metals trading and back-office processes and Fintrade stood out due to its comprehensive physical metals and associated concentrates trading functionality.”
To increase efficiency and minimise operating costs, Tangent selected Brady Cloud, a fully managed service. Brady Cloud conforms to standards such as ISO27001 and SAS70, helping customers ensure data and assets are protected 24/7.
Carmen Carey from Brady says, “We are delighted to welcome Tangent to our growing customer base of small trading entities including start-ups, where quick time to market is the priority. We designed Fintrade’s ‘Fast Start’ approach with this in mind. Customers can rapidly set up trading operations using the standard Fintrade functionalities, then extend usage to wider functionalities as their business evolves in time.”