PanXchange, an OTC exchange and price discovery platform for physical commodities, will distribute its proprietary pricing data for hydraulic fracturing proppants, aka ‘frac sand’, thus providing insight into the oil trading landscape.
As the industry’s de facto benchmark prices for frac sand, PanXchange offers an OTC marketplace for frac sand, allowing buyers and sellers to communicate directly as they navigate a 120 million-ton market.
Julie Lerner, Founder and CEO of PanXchange, commented:
“Since the launch of our frac sand index in 2017, we’ve sought partners who will widen our reach while allowing our data to be leveraged in a variety of ways to provide value to the consumer. Quandl’s large client base and highly flexible platform make them a great distributor for us. We are proud to play a leading role in providing market structure solutions to our industry, and that includes giving people the information they need to invest in these commodities for the first time”.
In January 2019, PanXchange rolled out index pricing data for industrial hemp – its second U.S.-focused commodities market – using the same blueprint as frac sand, which was launched in early 2018.
Quandl was founded in 2012 and has grown to be used by eight of the top 10 hedge funds and 14 of the top 15 largest banks. The company had entered strategic relationships with many leading data providers to provide institutional and Main Street investors with access to a growing library of data to inform research and trading decisions.