The Mitsubishi Corporation, Tokyo has signed a new deal in 2009 to extend the use of Brady’s trading and risk technology to include all of the corporation’s global trading of both physical and derivative precious metals.
Mitsubishi Corporation is Japan’s largest general trading company (sogo shosha) with over 200 bases of operations and 500 companies in approximately 80 countries worldwide. The deal will provide Mitsubishi with a single integrated platform for both physical and derivatives trading and also give improved exchange connectivity and regulatory compliance for their global activities.
Gavin Lavelle, chief executive officer (CEO) of Brady, said: “Mitsubishi is a great client to work with. They have been using our trading and risk technology in New York since 2007 and have chosen us again for a global implementation. Its increasing use of our trading and risk technology results from our continuing investment in our product set and the specialist knowledge of our R&D teams.”
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