UK broker trade group to launch emissions indexes

Leba plans to launch a forward index by April 1 based on the European emissions trading scheme (ETS) trades for 2005, 2006 and 2007. The group will launch a spot index later in the year, said Leba, once any issues concerning the spot market have been resolved.

The five brokers reporting prices for the indexes will be GFI, Icap, Prebon, Spectron and Tradition Financial Services.

The Leba indexes will compete with the European Energy Exchange’s (EEX) daily reference price for the European trade