Oct 20, 2016 at 01:01 PM CST
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 with Bulkloads, 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.”
Jared Finn, Operating Partner at Bulkloads, explains, “I’m looking forward to growing our business with PanXchange. We have significant overlap in our customer base and a shared vision on how technology can help improve our members’ profitability. Working with PanXchange means that we can continue to offer our members more services, more information, and potentially new trading partners.”
PanXchange, Inc. 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. The company has two platforms in production: grains and pulses in East Africa and feed ingredients in the United States. The platform is scalable across agriculture, energy and metals markets internationally and is built to negotiate both fixed price and basis trading. PanXchange has been selected as a 2016 Innovator by the Futures Industry Association