New pricing structure aims to democratise access to transactional data for Index-Linked Agreements across major air cargo routes.
Air cargo rate platform TAC Index has launched a new subscription-based fee model to offer lower-priced entry points to air cargo market data.
The company said that by launching the new pricing structure, which starts from $99 per route, per annum, businesses of all sizes can now use TAC Index’s data for risk management.
TAC Index said that previously, only larger and more highly capitalised businesses had been able to benefit from its data.
"This lower price point gives more market participants the flexibility to enter into Index-Linked Agreements (ILAs), which enable fairness and efficiency in pricing for the entire market during volatile periods,” the company said in a press release.
It explained that ILAs rely on accurate, financially compliant and time-stamped indices, with full transparency on calculation methodologies.
TAC said its indices had been developed under the UK Financial Conduct Authority’s (FCA) guidelines.
John Peyton Burnett, founder and managing director of TAC Innovation, said: “We are determined to democratize access to TAC Index’s high-quality transactional data for pricing on major air cargo routes.
"Our new subscription model should help many more market participants to gain an accurate understanding of the market movements that matter to them, and to ultimately optimise their businesses through more effective risk management.”
The launch of the new pricing model follows the recent launch of the extended Baltic Air Freight Spot Indices (BAI Spot), which are the first daily spot airfreight indices developed under the FCA’s benchmark guidelines.
