Rich Counsell said that after walking by the CME in Chicago every day he became intrigued by what the CME did and why farmers like his father did not use its markets to hedge. Counsell had grown up on a beef farm in the southwest in the U.K. before leaving to become a trader in the City and a technology entrepreneur.
Moving to Chicago and walking past the Merc and asking himself those questions has helped guide Stable to provide simplified hedging, he said.
We asked Counsell how Stable handles risk management.
We also asked him what markets Stable is in, which is a lot of animal protein, he said. And we asked, How does a commodity get added to Stable’s platform?
JLN asked Counsell what type of clients and companies he works with and what countries Stable is in. We asked him how Stable has evolved since 2021.
Finally, we asked Counsell how Stable was going to use its Series B funding to become the Home of Hedging.