ICE deepens its bet on container freight futures, crypto firms defend single-stock perps in court, and Brent climbs back from a two-month low.
MoneyTurkey Derivatives Desk | 11 November 2026
Key points
- Intercontinental Exchange co-led a Series D round for NYSHEX, whose freight index settles four ICE container futures.
- Coinbase, Kalshi, Kraken parent Payward and three trading firms seek to back the CFTC against a suit over stock perpetuals.
- Brent rose about 1.3% to near $92.70 a barrel as hopes of a quick US-Iran deal faded.
ICE deepens NYSHEX stake
New York Shipping Exchange (NYSHEX) said it raised a Series D round led by NewRoad Capital Partners and Intercontinental Exchange (ICE), with ICE Chief Operating Officer Stuart Williams joining its board, according to the company’s release and Container News. The money will widen the NYSHEX Freight Index (NYFI), a container benchmark built on rates actually paid for shipped cargo, to more routes and add analytics around the futures. ICE administers NYFI and listed four futures settled against it in 2026, covering the main Asia-US and Asia-Europe lanes, FOW and Container News reported.
Firms back CFTC on stock perps
Coinbase, Kalshi, Payward, DRW Holdings, Jump Trading and Paradigm asked a federal court on Monday for leave to file a brief defending the Commodity Futures Trading Commission’s approval of single-stock perpetual futures, The Block reported. The suit, from the Capital Markets Alliance, a trade group whose members include Cboe and Citadel Securities, argues the contracts are security-based swaps that belong with the SEC. Coinbase policy chief Faryar Shirzad said on X that nearly $700 billion of stock perpetuals traded offshore in August by the plaintiffs’ own count, and that bringing them onshore would give US regulators more visibility, Markets Media reported.
Brent rebounds
Brent futures rose about $1.20 to around $92.70 a barrel in morning London trading, recovering from Tuesday’s two-month low, after Iran’s security chief said no enriched nuclear material would leave the country, Reuters via CNA and Il Sole 24 Ore Radiocor reported. Reuters cited UBS analyst Giovanni Staunovo saying prices were supported by fading hopes of an imminent de-escalation, while Euronews pointed to continued attacks on tankers in the Strait of Hormuz.
For information only. Not investment advice.
Sources
- NYSHEX: NYSHEX Raises Series D to Expand NYFI as ICE Deepens Its Investment
- Container News: NYSHEX raises funding to expand NYFI freight index
- FOW: ICE deepens NYSHEX investment as freight index provider raises Series D
- The Block: Coinbase, Kalshi and Payward back CFTC in lawsuit over single-stock perp futures
- Markets Media: Firms File Brief Defending CFTC Over Single Stock Perps
- CNA (Reuters): Oil up 1% after Iran says no nuclear material will leave the country
- Borsa Italiana (Radiocor): Brent futures rise as hopes for US-Iran deal fade
- Euronews: Oil prices rise as investors monitor shipping disruption in the Strait of Hormuz
