26th Sep 2013 11:05
LONDON (Alliance News) - Brady PLC Thursday said it had won a contract to manage all Standard Chartered Bank's risk management requirements for all London Metal Exchange traded base metals.
Brady provides services like clearing and order matching to banks and trading houses operating in the energy and commodities markets.
It will cover front and middle office operations for Standard Bank's derivatives and physical trading activities.
It didn't give any financial details.
Brady shares were up 2.6% at 60 pence midday Thursday.
By Steve McGrath; [email protected]; @SteveMcGrath1
Copyright 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
Brady