PanXchange, an OTC physical commodity exchange and price discovery platform for products including industrial hemp and frac sand, has added senior industry executive Andy Bose to its board of advisers.
Bose will play a key role in driving important new strategic initiatives as the firm continues its rapid growth.
Bose brings extensive experience using technology innovation to develop market transparency. Most recently, he was a senior leader at S&P Global Platts, with executive responsibilities for P&L, innovation and new products serving physical commodity price markets. Bose previously held product innovation and operations roles at S&P Global’s Ratings and Market Intelligence divisions, after beginning his career in aerospace engineering. He holds a degree in computer science and electrical engineering from Princeton University and an MBA from NYU Stern School of Business.
Bose says: “I’ve known Julie for many years and, like many in the commodity trading industry, have been intently following the rise of PanXchange. I’ve long been impressed by the firm’s commitment to bringing efficiency and transparency to cash markets around the globe and am excited to contribute to their important mission.”
Julie Lerner, Founder and CEO of PanXchange, adds: “We couldn’t be happier to add someone of Andy’s caliber to the board to support our continued development. His relationships, knowledge and expertise in forging vital partnerships and driving efficient data distribution will be indispensable for us as we continue to plot our next phases of growth.”
The addition of Bose comes at an exciting time for PanXchange. In March PanXchange partnered with CQG to bring its important frac sand pricing data to traders globally. In January the firm launched the industry’s first industrial hemp indices, bringing much needed price transparency to a market primed for explosive growth following its formal sanctioning with the 2018 Farm Bill.
