Xstrata Copper has gone live with Brady’s Trinity 2009 for risk management. Xstrata Copper Middle East (XCME) is now using Brady for risk managing its physicals book for refined and unrefined metals globally. The key activities of the Dubai-based operation are:
- An internal brokerage offering hedging services to Xstrata Copper units worldwide.
- A trading operation managing Xstrata Copper’s global copper position.
- A risk management body managing the metal price risk, initially for XCME but ultimately for Xstrata Copper worldwide.
As well as trading, hedging and risk management Brady is being used to improve brokerage capabilities at XCME. Brady will give the brokerage the capability to easily administer positions using a wide number of financial instrument types including, swaps, futures, forwards, options and OTC equivalents – LME options and Traded Average Price Options (TAPOs).
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