Company Performance Metrics
Julie Lerner: Founder & CEO
Futures exchanges serve as a source of price hedging and risk management for commodity markets, but they are not well suited for the buying and selling of actual cargoes of the underlying commodity. That's where PanXchange and its founder, former Cargill sugar trader Julie Lerner, see an opportunity. The Denver-based software platform allows
buyers and sellers to negotiate online over the specific details of a trade, including the location and timing of delivery and the exact quantity and quality of the commodity. Moreover, Lerner explains the value of the data generated on the system, "we are gathering unprecedented, objective price discovery in real time." The company has been live in East Africa for more than a year and a half, offering the negotiation and trade of more than 20 different agricultural commodities in Kenya, Uganda and Tanzania. In the fall of 2016, PanXchange went live in U.S. feed grains with more than 50 traders and has already doubled the member base. In 2017, it will launch a second US grains platform as well as US petroleum products (NGLs). #bigdata #fintech #agtech #foodsecurity #energysecurity
