The Denver Business Journal celebrated 20 years of impactful women by recognizing influential leaders and innovators in the business community. Amongst these outstanding women was our own Julie Lerner, a finalist for the Outstanding Women In Business Award.
“Futures Radio Show, hosted by Anthony Crudele, welcomed Julie Lerner to discuss her background in commodities, her opinions on derivatives markets and blockchain, and more. The episode is available to listen to for free through the following link.
People are excited about blockchain. They believe it will solve inefficiencies in everything from stocks and bonds to production and delivery of commodities. Some even claim it will end global poverty.
We are pleased to announce that PanXchange placed first at the Barchart Fintech Exchange competition in Chicago last week. Sixteen companies from across the globe competed in front of a panel of judges including executive directors from both the CME and CBOE.
Julie Lerner experienced what she described as a moment reminiscent of an American television drama series while attending a recently held frack sand industry event in Houston. Operations at one sand mine had temporarily gone down in the Permian Basin.
The enormity of the trucking industry can be realized by looking at the myriad of industries that depend on freight hauling for their sustenance and growth. Quite recently, the fracking industry has joined that list, with frac sand becoming a major commodity that needs to be transported across sites for the hydraulic fracking process.
Windblown dunes in west Texas are the latest front in the shale oil industry’s campaign to extract more barrels at less cost.The industry is excavating dunes for frac sand, which is pumped into wells to crack open rocks and get oil and gas flowing.
PanXchange has first-mover advantage in sand as the industry grows by an estimated 30 million tons from 2017 to 2018. It is the only platform available to producers, E&P companies and service companies that aggregates spot and forward physical buying and selling interests.
It’s here! The first US open market exchange for frac sand will go live on October 4th, 2017.
Since its first pilot launch in world market sugar, the PanXchange team has researched many different commodity markets, seeking to apply its aggregated market solution to those with the most inefficiencies, fragmentation and opacity.