What Happened?
Denver, CO-based Amercanex Appointed Jim Miller as Chief Technology Officer
About the Company
The Amercanex is the first fully electronic marketplace in which wholesale and retail distributors of cannabis can sell, buy, or exchange their inventories on a fully disclosed and transparent market. The core function of the marketplace is to ensure fair and orderly transactions, as well as efficient dissemination of price information for any product bought, sold or exchanged on the ECM. We understand that in order for this industry to succeed, regulators will need an effective system to monitor, regulate, and collect revenue from intra-state industry producers and retail outlets. Today`s available systems and current instruments do not effectively meet the growing needs, nor will be able to sustain the influx of participants and product/transaction volume in the very near future. Amercanex offers a cutting edge infrastructure, tools and need based solutions predicated on state of the art technology and real world experience. ACE Marketplace is the web-based user-interface to the ECM. ACE provides cultivators and vendors a central electronic platform to sell/buy their inventories anonymously, so that only product, quantity, and best-available pricing are shown thus ensuring a completely transparent, neutral and non-manipulated free-market where supply and demand are the only factors affecting price discovery.
About the Person
Jim Miller is an accomplished CTO and entrepreneur in the financial technology space, helping innovative technology companies deliver on their business visions. Jim’s extensive technology expertise extends into the financial services sector, having developed leading technology systems with Credit and Fixed Income as well as the Credit Derivatives arena. Miller has worked for some of Wall Street’s most respected firms including Barclays Capital, Creditex and most recently as the co-founder of trueEX LLC, the first Exchange to gain CFTC regulatory approval to trade Interest Rate Swaps. Jim holds a Masters degree in Information Sciences from Virginia Polytechnic Institute and State University along with a Bachelors degree in Business.
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