PanXchange

Founded in 2011 by a veteran Cargill commodities trader and backed by a highly influential roster of trading and market data executives, PanXchange provides market structure solutions for the physical commodity markets that feed and fuel the world. As these OTC markets have traditionally been bilateral, opaque, and consequently inefficient to operate in, PanXchange’s trading platform and price discovery capabilities bring greater efficiencies to all participants: trade houses, growers/producers, distributors, end-users and investors.  

While PanXchange provides the only institutional-grade trading platform that’s patent-protected and in production in multiple markets, it’s the objective data gleaned from that activity that serves as a foundation for objective price discovery.  Specifically, PanXchange is the leading benchmark price provider in the US hemp industry and the defacto benchmark price provider in the 120 million ton specialty sand market for US oil and gas. 

Our Team

Founder & CEO

Julie Lerner

As CEO of PanXchange, Julie Lerner leads all aspects of the firm’s operations and Strategy. Julie began her career with Cargill in Geneva, Switzerland and later became a senior trader for the firm’s Latin American sugar markets. She also brings trading experience in energy markets and weather derivatives with Sempra Energy Trading and XL Financial. Julie is a frequent contributor to the Wall Street Journal, Bloomberg (print & TV), and is the recipient of Denver Business Journal’s inaugural list of 15 Most Admired CEOs (2018) as well as a winner of their Outstanding Women in Business (2020).
Director of Hemp Markets

RJ Hopp

As Director of Hemp Markets at PanXchange, RJ Hopp is responsible for the firm’s hemp exchange and industry-leading pricing platform. He previously served as a market analyst at PanXchange, extensively researching various commodities (including metals, agriculture, energy, and industrial chemicals) as part of the firm’s new business development team.
Senior Market Analyst

Tom Dermody

Tom is a hemp industry veteran with a specialty in non- and for- profit program development. These experiences have made him keenly aware and a recognized thought leader of the inter-workings of the hemp market. Tom leads industrial (grain and fiber) coverage on behalf of PanXchange, which is a key-growth area headed in 2020 and beyond.
Business Development Associate

Ian Duden

As a Business Development Associate, Ian is responsible for generating new business opportunities in the US industrial hemp market, supporting active trading platform members, and assisting in covering the monthly analysis reports. Ian has previous experience with retirement planning and hedging commodities.
Vice President of Technology

Michael Miller

Vice President of Technology Michael Miller is responsible for creating, implementing and deploying PanXchange’s online trading platforms, maintaining the PanXchange servers as well as the public-facing websites. He has played a key role in designing and developing some of the signature features on our trading platform including adding geo-location for live mapping of orders, mobile compatibility, robust interactive reporting, and internal business management applications. Michaels prior work includes overseeing development for one of the top online promotional products websites, as well as extensive experience in freelance web development.
Director for PX Africa

Ronnie Luwero

As Director for PXAfrica, Ronnie Luwero is responsible for the overall management and development of the PanXchange’s grains and oilseeds business in Uganda. This role, which includes managing clients, price discovery, execution of trades as well as linkages to trade houses, millers and food/animal feed processors. He brings nearly 10 years of experience as an agricultural commodities trader in the East African markets to the role.
Regional Manager, Frac Sand

Alex Meleshko

Alex Meleshko leverages both an engineering background and capital markets experience to provide well-rounded client advice as Manager for PanXchange’s frac sand commodity exchange and industry-leading pricing platform. Alex’s previous work experience includes supporting technically-driven buy-side equity research in the energy space for a subsidiary of Warburg Pincus.
Advisor

Andy Bose

Head of Innovation & Chief Product Officer, S&P Global Platts
Member Board of Directors, Commodity Markets Council
Lead Developer, Lockheed Martin
Advisor

Matt Jansen

CEO, SALIC (Saudi Agriculture and Livestock Investment Company)
CEO, COFCO International
Senior Vice President, President of Global Oilseeds and Chief Risk Officer, Archer Daniels Midland (ADM)
Advisor

Brad Levy

CEO, MarkitSERV where he ranked No. 4 on Institutional Investor’s 2017 Trading Tech 40.
Managing Director and Global Head of (Principal Strategic Investment), Goldman Sachs.
Advisor

Chris Malo

Chief Financial Officer, Sun Trading.
Exec Vice President, Business Development, Chicago Board of Trade.
Senior Vice President, Cargill Investor Services.
Advisor

Norman Hay

CEO, Cargill International,
Head of Petroleum Trading, Cargill
Head of International Sugar and International Grains, Cargill
Advisor

Bill Templer

Managing Director, UBS (Clearing & Derivative Execution)
Managing Director and Co-Head Listed Derivatives, Morgan Stanley where he was integral to the launch of London Stock Exchange’s CurveGlobal

Our Markets

Industrial Hemp

Hemp is used for a wide variety of products, including by companies in the fast-growing CBD Oil market. Cultivation and trading of hemp had operated in a legal gray area, but this is changing with the passage of the 2018 Farm Bill. In January 2019 PanXchange launched a suite of nation-wide hemp indices that have quickly become the industry’s standard reference.

Frac Sand

Analysts closely monitor quantities and prices of frac sand – which make up 25% of the total cost of extracting oil and gas in the U.S. – to gain insights into the important shale industry and the overall economy. PanXchange’s eight frac sand indices have become the industry standard since being introduced in early 2018.

East African Commodities

East African agricultural markets suffer extreme inefficiencies due to opacity, fragmentation, and lack of infrastructure. With an East African trading platform launched in 2015, PanXchange addresses these issues, serving as the vehicle that connects small farming companies to the commercial market for trading over 40 commodities.

careers

Join The Team

PanXchange is an award-winning OTC physical commodity trading platform that facilitates the transfer of natural resources that feed and fuel the world. Designed by a veteran Cargill trader, the software platform allows buyers and sellers to negotiate specific details of a trade, including the location and timing of delivery and the exact quantity and quality of the commodity. Based in ...
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PanXchange is an award-winning OTC physical commodity trading platform that facilitates the transfer of natural resources that feed and fuel the world. Designed by a veteran Cargill trader, the software platform allows buyers and sellers to negotiate specific details of a trade, including the location and timing of delivery and the exact quantity and quality of the commodity. Based in ...
View
PanXchange is an award-winning OTC physical commodity trading platform that facilitates the transfer of natural resources that feed and fuel the world. Designed by a veteran Cargill trader, the software platform allows buyers and sellers to negotiate specific details of a trade, including the location and timing of delivery and the exact quantity and quality of the commodity. Based in ...
View
PanXchange is an award-winning OTC physical commodity trading platform that facilitates the transfer of natural resources that feed and fuel the world. Designed by a veteran Cargill trader, the software platform allows buyers and sellers to negotiate specific details of a trade, including the location and timing of delivery and the exact quantity and quality of the commodity. Based in ...
View
PanXchange is an award-winning OTC physical commodity trading platform that facilitates the transfer of natural resources that feed and fuel the world. Designed by a veteran Cargill trader, the software platform allows buyers and sellers to negotiate specific details of a trade, including the location and timing of delivery and the exact quantity and quality of the commodity. Based in ...
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PanXchange is looking for an intern with an interest in physical commodity markets, supply chain management, or logistics. The candidate must have excellent verbal and written communication skills and must be a self-starter. This position will assist with the management of proprietary and public data, future market research, and building client relationships. Domestic or international travel may be required on ...
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This position will appeal to those who want both the breadth of experience and a marketable career path in commodities, and/or exchange traded financial products such as stocks, bonds, derivatives, and foreign currency. We are an expanding company in the process of further industrializing our platform and code base for the demands of greater scale and feature change ...
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