PanXchange Opens London Stock Exchange

PanXchange Opens London Stock Exchange

London Stock Exchange Welcomes the U.S. Fin-tech Mission to the United Kingdom

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. The mission will highlight the innovative technologies emerging from across the US while also promoting the UK as a destination for FinTech investment.

Vice Consul Maria Deam of the British Consulate New York and Cammila Garcia of the British Consulate Chicago are leading the mission to network the delegates with industry experts and commercial contacts indispensable to international growth, as well as guiding the delegates on the steps needed to expand their growing businesses into the United Kingdom.

The Commodities Disruptor

The Commodities Disruptor

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. A few days before her trip, a massive fire had erupted in the airport’s main terminal. The fire made headlines worldwide because the day it broke out happened to mark the 15th anniversary of al-Qaeda attacks on U.S. embassies in Kenya and Tanzania, and officials were concerned the incident might be related. Lerner heard the news from her home in Denver; but when the time came, she boarded the flight to Nairobi anyway. Now, in the middle of the night, as she approached the makeshift customs tent that had been set up next to the ashes of the airport, she thought to herself, what the fuck am I doing here?

PanXchange and Bulkloads Announce Strategic Alliance

PanXchange and Bulkloads Announce Strategic Alliance

Denver, CO and Nixa, MO. October 10, 2016.  PanXchange, Inc, an electronic negotiation and trading platform for physical commodities, and Bulkloads, LLC, a web-based platform that connects commodity trucking supply with traders seeking transport for bulk raw grains, announced a strategic alliance today.

Both companies are using the power of technology to provide commodity producers, processors and traders with more operating efficiency and new profit opportunities via computers and smart phones.  The companies will begin with joint marketing efforts and facilitated access to each other’s platforms.  Longer term, the companies look forward to offering aggregated real-time data that gives their members instant decision-making capabilities in fast moving markets.  

PanXchange founder and CEO Julie Lerner states, “I’m excited about the mutual growth opportunities with Bulkloads.  Our platform offers traders instant market access and price discovery.  By partnering withBulkloads, they’ll have even more information with access to available trucking routes in real time.  This opens up a world of profit opportunities with more liquidity and more optionality.  At a minimum, this could reduce the legging risk between offers at origins and bids at destinations.”

PanXchange Named as Innovator of 2016, by Futures Industry Association

PanXchange Named as Innovator of 2016, by Futures Industry Association

PanXchange has been selected to the FIA Innovators Pavilion, for their 32nd annual Futures and Options Expo, from October 18th through the 20th in Chicago.

PanXchange is a negotiation and trading platform for physical commodities. Whereas derivative traders demand speed and multiple market linkages, cash market traders need order optionality, anonymity, and counterpart management without burdensome clearing fees.  Strong physical markets lead to even stronger futures markets. We’re live in the US & abroad in agriculture and will be expanding into energy & metals.   

Hillary Clinton Visits PanXchange during first week of US Feed Grains trading at PanXchange

Denver, Colorado. June 28, 2016  U.S. Democratic presidential candidate Hillary Clinton visited with the team from PanXchange, Inc., a web-based negotiation and trading software for physical commodity markets a day after the company launches its first US trading market.
PanXchange’ Founder and CEO, Julie Lerner, explained that the meeting was more substantive than she anticipated.  “I was expecting a quick meet and greet, but was pleasantly surprised at how pointed her questions were.  It was clear that she was familiar with the work we’re doing.”  She continues, “She asked about the inroads we’ve been making in East African grain and beans markets and our launch in US Feed Ingredients.  We then showed her the live trading screens and discussed our plans for growth.”  From there, they discussed the benefits of the transparency that the platform yields in terms of food security and potential market oversight.

PanXchange launches U.S. feed ingredients pilot

PanXchange (PX), web-based software for the negotiation and trade of physical commodities, opened June 27 its pilot launch to select U.S. feed ingredient traders.

The purpose of the program is that of fine-tuning the features to best meet the needs of feed ingredient traders as well as to provide market participants with a window to become familiar with the platform before bids and offers are live and legally binding, if matched.

Julie Lerner, PX founder and chief executive officer, said, “We are excited to launch this platform with over a dozen of the country’s most active traders, producers and feedlots. The reception we’ve experienced in these early days has confirmed industry interest in PX’s ability to provide instant price discovery and market access across the country and beyond.”

PanXchange, Inc. Opens Pilot Launch for US Feed Ingredients with 15 National Companies and 35 Traders

PanXchange (PX), a web-based software for the negotiation and trade of physical commodities opened its pilot launch to select US feed ingredient traders today. Fifteen companies are already members for a total of 35 registered traders. Two bids and offers were negotiated and matched within the first hour of trading.

The purpose of the program is to fine-tune the features to best meet the needs of feed ingredient traders as well as to provide market participants with a window to become familiar with the platform before bids and offers are live and legally binding if matched.

Julie Lerner, PanXchange’s Founder and CEO, explains, “We are excited to launch this platform with over a dozen of the country’s most active traders, producers and feed lots. The reception we’ve experienced in these early days has confirmed industry interest in PX’s ability to provide instant price discovery and market access across the country and beyond.”

PXAfrica Launches Into World Wheat Market, Grows 150% Since Launch

NAIROBI, KE -- 03/09/16 -- PXAfrica Ltd, a subsidiary of PanXchange, Inc., reached two new milestones this week, the first of which is a live offer for world market wheat delivered to Dar es Salaam.  This is the first market order that ties the regional East African market to the world market.  Julie Lerner, CEO and Founder of PanXchange explains, "I had always envisioned that a successful regional market would cross over into the international market, but I didn't think it would happen so quickly.  We are looking forward to serving a larger clientele that seeks to export wheat to Dar es Salaam and Mombasa." She continues, "We also look forward to concluding our first export of beans from the region in the first half of 2016, most likely from Mombasa to an Indian port."

Food, Farms and Forests: The Chaos of Fear and High Expectations

We have grave concerns in today’s world agricultural commodity markets, and I’m not speaking of trade houses’ shrinking profit margins. There’s fear of a global food shortage and fear that we cannot succeed in the war on poverty. In the West we have constant reminders of how the lack of  traceability yields food security threats and in Asia of how it leads to deforestation. And where there is fear, there are hasty and chaotic attempts to address the problems. We are all eager to create double or triple bottom line success stories, but as shrewd business people, we need to slow it down and take a more pragmatic approach. The complexities involved in establishing secure and sustainable food supplies require patience and granular focus, with success measured in small increments. Once we get out of the mad scramble to solve the problems, we’ll begin to see the obstacles that can and must be cleared before we can reach impact at scale.

PXAfrica Grows 85% in Two Months, Establishes a Liquid Market Less Than 90 Days From Launch

NAIROBI, KE, November 05, 2015 PXAfrica Ltd, a subsidiary of PanXchange, Inc., celebrated the end of its second full month with live negotiations of East African grains. The company's initial announcement on September 4, 2015 described the first two weeks of operations in which it had accrued over 20 registered users representing over 35% of the Kenyan grain market. Today, only 10 weeks since launch, the site has close to 10 percent growth per week and in the last two weeks alone, has witnessed a 30% increase in market orders.

The company offers a web-based software that facilitates the marketing and procurement of agricultural products. PXAfrica is not a regulated exchange with clearing services, licensed brokers and designated warehouse receipt program. Rather, its software tool caters directly to farmers, processors and traders and promotes a free flow of goods at any physical location from the farm gate to the processor. Although the initial focus is on maize and wheat in Kenya, the site already has active users in Uganda and Tanzania. Moreover, based on user demand, the site now offers negotiations for soybeans and soybean meal.

African Commodity Exchanges: Tough Questions About Financial Sustainability

Three things we know about Africa

1) Improving agrarian economies dramatically reduces poverty and improves a nation’s overall economic strength; 2) East Africa is the hottest place on the globe for agriculture based profit opportunities; and 3) As we watch the South African Exchange (JSE/SAFEX) continue to flourish, the political interest in replicating a successful futures and derivatives exchange is at an all-time high.

Yet according to a recent Bloomberg article, the Ethiopian Commodity Exchange (ECX) “is one of at least eight commodity exchanges started in sub- Saharan Africa over the past two decades with the aim of improving food security for local  populations. Many have failed, and only South Africa’s is thriving without government support.”

Click to view the whole article.

East African Grain Market Embraces PanXchange's Live Launch of PXAfrica

NAIROBI, Kenya, Sep 02, 2015--

PXAfrica Ltd, a subsidiary of PanXchange, Inc., celebrated the end of its second week with live negotiations of maize and wheat. There are presently over 20 registered users that represent more than 35% of the Kenyan grains market. One negotiation of maize from Uganda has already traded and the spread between the bid and offer for 5000 metric tons of wheat has narrowed dramatically.

The company offers a web-based software that facilitates the marketing and procurement of agricultural products. PXAfrica caters to producers, processors and traders . Although the initial focus is on Kenyan grains, the site already has active users in Uganda and Tanzania.

"It's fantastic," says PanXchange's CEO, Julie Lerner. "Recruiting smallholder farmers and expanding into cross border trading were activities we had planned for next crop year." She continued, "but we've already witnessed uptake of both in our first two weeks live."

PXAfrica will expand both regionally and by commodity based on market demand. States Ms. Lerner, "current PXAfrica members are requesting that we offer millet, soybean meal and beans. We look forward to growing as quickly as possible. I am most interested to bring world market grain offers to the region as soon as our members post bids for the same."

About PanXchange, Inc.

PXAfrica, Ltd. Is a wholly-owned subsidiary PanXchange, Inc. The company's provides a patented web-based negotiation and trading platform specializing in regional and international physical commodities. The system addresses the complexities of commodity sales and procurement, while also facilitating price discovery (transparency) and liquidity. Built by a former Cargill physicals trader, it offers real-time negotiations of multiple fields, granular counterparty management, pricing mechanisms to avoid unwanted influencing of market values, and all of it anonymously in real–time. Combined, these features create a trading platform that obviates the need for clearing services, allows for an efficient transfer of risk and offers an unprecedented opportunity for objective real-time and historical cash market values.

Full Press Release can be found here.