PanXchange, an OTC exchange and price discovery platform for physical commodities, is to distribute its proprietary pricing data for hydraulic fracturing proppants, better known as frac sand, through Quandl, a provider of financial and alternative data for financial professionals.
PanXchange provides the industry’s de facto benchmark prices for frac sand, considered by many to be a primary economic indicator. In addition, PanXchange currently offers an OTC marketplace for frac sand, allowing buyers and sellers to communicate directly as they navigate a 120 million-ton market.
Quandl, owned by Nasdaq, delivers financial, economic and alternative datasets to over 400,000 users, which include analysts, traders and portfolio managers worldwide. Subscribers will be able to access PanXchange data in various ways, including via the Quandl API and through tools for Excel, R and Python. This access allows Quandl users insight into the oil trading landscape.
“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,” says Julie Lerner, Founder and CEO of PanXchange. “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”.
