NYSHEX Announces First Close of Series C Funding Round Led by Collate Capital, Collaborating with ICE to Launch New Freight Rate Indices
Summary
Firstly, we will launch a new set of indices based on actual cargo moving rates, which will be transparently governed by industry representatives, and will be freely available for all carriers, shippers and NVOCCs to use for their index linked contracts. About NYSHEXThe New York Shipping Exchange (NYSHEX) was founded in 2015 to solve the problem of poor contract fulfillment caused by misaligned incentives and disconnected execution. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship.