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.
On July 21st, CEO and founder of PanXchange, Julie Lerner, spoke at MarketsWiki Education’s World of Opportunity event in Chicago, Illinois.
Today London Stock Exchange welcomes UK’s Department for International Trade (DIT) and their USA FinTech Mission to the UK. Seven top financial technology firms from the United States were selected from a competitive pool by a panel of experts in US financial technology.
It was 3 a.m., and the warm Kenyan air smelled of jet fuel. Julie Lerner had just completed a 36-hour journey and stepped onto the runway at Jomo Kenyatta International Airport in Nairobi, Kenya. Her first time in Africa.