PanXchange Recognized as one of the Top 10 Trading Solution Providers for 2018
Physical commodities exhibit a high degree of fragmentation and a lack of transparency when it comes to pricing and negotiating deals. There is a lack of benchmark pricing assessment for many commodities, since price reporting agencies do not cover all the different categories thoroughly and accurately. Consequently, the subjective pricing values for such commodities are vulnerable to manipulation. Further, certain products like frac sand are difficult to trade online due to the large number of variables with regard to quality, location, transport, and delivery window as opposed to natural gas, which has few negotiable fields that need to be addressed before commencing a deal. A veteran trader and entrepreneur, Julie Lerner realized this discrepancy and founded PanXchange in 2011 to develop a web-based trading platform designed to provide a market structure solution that is scalable across all commodity markets. “We are aggregating commodities into industry silos, all on a single platform for instant market access, price discovery, and negotiation of complex orders,” states Lerner.