Brady selected as cloud solution provider to Gaelectric

Trading, risk management and settlement solutions provider Brady announced on Tuesday that Gaelectric Trading and Market Services (GTAMS) - which it described as “one of Ireland's leading” energy trading and market services providers - had selected Brady's I-SEM Cloud solution.

The AIM-traded company, which focuses on the energy, commodities, and recycling sectors, said the solution would support Gaelectric's electricity trading and management needs and provide energy logistics support for Great Britain, the Single Electricity Market (SEM) and the new Integrated Single Electricity Market (I-SEM) for Ireland and Northern Ireland.

“Brady's systems and product offering was the clear partner and product choice for GTAMS; the new system will allow us to extend our trading capability and product offering to clients and expand our market coverage. It will allow us to grow our existing business in I-SEM and GB and will assist us in extending our activities in Europe,” said GTAMS head Colin Spain.

Ian Jenks, chairman of Brady, said working with an organisation like GTAMS as it transitioned its trading operations from an in-house solution to a more scalable, cloud-based software solution was “incredibly” rewarding.

“We are very excited to be collaborating with the team as it seeks to address the challenges that the introduction of I-SEM in the all-Ireland market poses and focus on the new market opportunities that this will bring.

“We have been supporting energy trading and operations across Europe for the past three decades and our market knowledge can only benefit GTAMS as it seeks to grow its energy trading activities.”