TAC Index has introduced a new subscription-based fee model to make air cargo market data more accessible, reports Singapore's Payload Asia.
TAC Index has introduced a new subscription-based fee model to make air cargo market data more accessible, reports Singapore's Payload Asia.
The platform, part of TAC Innovation Group, said the pricing structure starts at US$99 per route annually, allowing smaller businesses to use its benchmark data for risk management.
The lower entry point enables more participants to enter Index-Linked Agreements, which provide fairer and more efficient pricing during volatile periods. TAC Index said its indices are fully transparent and compliant with UK Financial Conduct Authority guidelines.
Founder and managing director John Peyton Burnett said the model will democratise access to high-quality transactional data, helping companies optimise operations through better risk management.
Director of finance Cameron Honarvar added that TAC Innovation is blending data science, blockchain and software expertise to deliver more efficient risk management tools for the industry.
The move follows the launch of the extended Baltic Air Freight Spot Indices, the first daily spot air freight indices developed under FCA guidelines, which provide the basis for futures and derivatives in the air cargo market.
