LEBA launches CER index

Published daily at 18.00 hours London time, the index price will be calculated every trading day using the volume-weighted average of CER trades transacted by LEBA firms for physical delivery on 1 December each year from 2008 – 2012, along with the Dec08-Dec12 strip price.

“If other delivery dates, such as immediate delivery, become liquid then these will be also calculated in addition to the dates above,” says a LEBA statement.

LEBA is the industry association representing the wholesale mar