Aug. 01, 2019 (GLOBE NEWSWIRE) —
PanXchange, a physical commodities OTC market place structure options provider, right now announced the launch of the industry’s very first institutional-grade industrial hemp exchange. The marketplace will enable producers, processors, trade homes and finish-customers to participate in a transparent and effective money market place for industrial hemp goods and will eventually pave the way for the creation of hemp derivatives contracts.
The opening of the exchange follows PanXchange’s January 2019 launch of the industry’s very first hemp cost reporting facility, which has supplied objective and reputable information to a market place primed for explosive development following its formal sanctioning with passage of the 2018 Farm Bill.* Each the exchange and pricing facility help transactions in the hugely demanded raw components applied in the creation of CBD (cannabidiol) goods – biomass, crude oil, isolate and distillate – and provide customers the assurance that they are they are interacting with completely vetted counterparties.
“Despite the huge market place demand for industrial hemp, the capacity for producers to transact with processors and finish-customers in a transparent, effective manner is woefully inadequate,” mentioned PanXchange founder and CEO Julie Lerner. “Our robust, electronic trading platform delivers substantially-required cost discovery capabilities along with an unprecedented level of functionality, which is essential for market place participants who seek to interact with other prime-tier stakeholders.”
Commenting on the launch of the platform, PanXchange board member and former S&P International Platts senior executive Andy Bose mentioned: “PanXchange’s hemp market place launch not only creates possibilities for physical market place participants, but it also serves as the foundation for regulated exchanges to produce derivative contracts that would enable involvement by a broader group of market place participants – such as institutional investors – eager to take aspect in this thrilling market place.”
Due to the fact 2011, PanXchange has steadily constructed a reputation for giving the industry’s most sophisticated market place structure options for the physical commodity markets that feed and fuel the planet – such as frac sand information, which is now the industry’s de facto benchmark. The company’s net-primarily based and mobile-optimized platform enables pricing, negotiation and trading capabilities for a wide selection of OTC goods globally, providing market place participants improved market place access, extra effective cost discovery and the chance to maximize profit or reduce operating expenses.
“I’ve watched Julie and group create markets for frac sand and other OTC commodities for close to a decade now, and think they have the technologies, contacts and experience required to do the very same for industrial hemp,” Bose added. “This is an extremely thrilling moment for the firm, and I couldn’t be prouder to be a aspect of it.”
Founded by commodities trading veterans and backed by a hugely influential roster of trading and market place information executives, PanXchange delivers market place structure options for the physical commodity markets that feed and fuel the planet. As these OTC markets have traditionally been bilateral, opaque and consequently high priced to operate in, PanXchange’s trading platform and cost discovery capabilities bring higher efficiencies to all market place participants: producers, processors, trade homes, finish-customers, analysts and investors. For extra information and facts, please pay a visit to www.panxchange.com.