Traxys Europe SA, a leading global physical trader and merchant in metals and natural resources, goes live with Brady’s concentrates trading functionality to help traders derive the maximum value from their concentrates business.
LONDON – May 2022 – Brady Technologies (“Brady”), a leading provider of commodities and energy trading, risk and logistics management software, announces that Traxys Europe SA, a leading physical metals trader, has gone live with its solution for concentrates.
Headquartered in Luxembourg, Traxys Europe SA is engaged in the sourcing, trading, marketing and distribution of non-ferrous metals, ferro-alloys, minerals, industrial raw materials and energy. The Group serves a broad base of industrial customers and offers a full range of commercial and financial services. The company is a long-established customer of Brady, using its Fintrade commodity management solution for multi-entity trading and P&L management across its global supply and distribution business.
Vladimir Zeman, Group Head of Information Systems for Traxys, says, ‘Concentrates trading is a principal activity of our business, that traditionally has not been well addressed by CTRM vendors in this space. Brady’s Fintrade platform has shown itself to be remarkably capable at capturing and accurately valuing the diverse and complex variety of products we trade. Since our go live, we are now able to manage our concentrates contracts together with refined metals and hedges worldwide on a single platform, greatly enhancing our visibility and ability to manage the business through changing market conditions.’
For companies trading in metal ores and concentrates, market volatility, complex contractual terms and variation in qualities and content, which change over the life of the contract, make their administration and risk management difficult. Incomplete data and inaccurate assumptions in pricing and valuation can quickly lead to financial losses. Residing in Brady’s Fintrade CTRM platform, the concentrates trading functionality has been specifically designed to capture concentrates contracts terms and enable robust analysis and reporting on their specifics.
Brady Fintrade supports the end-to-end metal trading process. The solution helps companies to comply with ESG goals by providing transparency on the trade life cycle from the sourcing of raw materials to delivery to end customers.
Bernard Delahaye, CEO of Brady Technologies, says, “We are delighted to achieve this milestone for Traxys and look forward to our ongoing collaboration. We are seeing a lot of interest from the market in concentrates trading, largely due to the current high demand for battery metals brought about by the green energy transition. For over 30 years, Brady has been helping physical metal traders, mining and mineral producing companies to trade more profitably. We are proud of our IP and our team’s expertise in the concentrates space.”