10:43 AM
Brady plc Hires Derivatives Processs Expert from UBS
Brady plc hired derivatives process expert Bob Watson to head its ongoing London Metal Exchange (LME) operations and settlement development. Prior to joining the trading and risk management provider, Watson was director of base metals integration at UBS AG Ltd.
Watson brings more than 25 years experience spent developing solutions focused on regulatory and management reporting and settlement at Cortex, Microgen and most recently UBS. Watson’s specialist knowledge of metals trading and especially the current technology developments at the LME will quickly provide benefits to Brady’s global client base and to its development roadmap, according to Brady in the company’s release.
“I have long been aware of Brady’s leading position in commodities trading and risk management technology. Its current LME development plans are an ideal opportunity to apply my experience both as an end/user client and as a strategic planner and developer in matters connected with the LME,” stated Watson in the release.
Watson’s experience encompasses the development of profit, risk and exposure reporting systems for derivatives trading on the London and US markets incorporating counterparty risk and position risk requirements. He has also played a role in a multidisciplinary team charged with the interpretation and application of the SFA rules as applied to the LME.
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio