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Barchart and PanXchange Announce Strategic Partnership
CHICAGO, IL - October 29, 2020 - Barchart, the leader in commodity data, jointly announces a new strategic partnership with PanXchange, the leading benchmark price provider in US Hemp and the defacto benchmark price provider for US Frac Sand (proppant). Under the terms of the agreement, PanXchange will join the cmdty Pricing Network and make their benchmark prices available through Barchart’s data services and cmdtyView - the leading analytic solution for physical commodities.
“We’re excited to continue growing our pricing network through this partnership with PanXchange, a true innovator and leader in Hemp and Franc Sand markets,” says Mark Haraburda, CEO of Barchart. “PanXchange provides a unique data offering to our clients, and as a member of the cmdty Pricing Network, PanXchange can now access our distribution across cmdtyView installations, along with our broad footprint of enterprise data clients.”
“I’m thrilled to be expanding our reach with Barchart, especially now that we are benchmarking hemp grain and true hemp fiber, which we believe will rapidly become cash crops much like corn, wheat and soy,” says Julie Lerner, CEO and Founder of PanXchange. “Our data combined with everything else in the cmdty Pricing Network is a resource to look for correlations and opportunities in US agri trading.”
PanXchange and Barchart will also be jointly hosting an exclusive livestream on November 11 to discuss the rapidly growing market for commercial hemp with PanXchange’s Founder and CEO, Julie Lerner. Julie will also be joined by end-user Andrew Bish, the Founder and CEO of Hemp Harvest Works, a leading provider of equipment and consulting services to hemp producers. Together Julie and Andrew will discuss the evolution of commercial hemp markets, how data from PanXchange is making these markets more transparent, and how firms throughout the ecosystem can leverage pricing intelligence from PanXchange to make better decisions.
To register for the livestream with Julie and Andrew, please click here.
To learn more about how the cmdty Pricing Network allows data providers throughout the commodity ecosystem to grow their business, please click here.
To learn more or to subscribe to PanXchange’s benchmark price data, please click here.
Barchart is a leading provider of market data and services to the global financial, media, and commodity industries. Our diversified client base trusts Barchart’s innovative Solutions across data, software, and technology to power their operation from front to back office, while our Media brands enable financial and commodity professionals to make decisions through web content, news, and publications. For more information, please visit www.barchart.com/solutions.
Head of Marketing
PanXchange is a market structure solution for physical commodities that feed and fuel the world. Centered around its institutional-grade electronic negotiating and trading platform, it offers instant market access and price discovery, especially in relatively thin and/or nascent physical commodity markets. With regard to its benchmark pricing services, PanXchange is a Price Discovery Platform, not a price reporting agency (PRA), because it is backed by actual physical commodity trade activity, not just reported values, which often includes brokers and analysts. PanXchange serves the US industrial hemp market, the 120-million-ton specialty sand (proppants) market for US oil and gas extraction, and East African agricultural markets.
Elena Lopez Del Carril
Communications and Content Manager