CMS Webview, the real time data and trading solutions provider, has developed a European commodity index designed to provide an alternative to existing commodity indices which have a heavy weighting towards US energy markets.
CMS's Peter Blogg told FO Week, as other indices, such as the Goldman Sachs Commodity Index (GSCI), are price weighted, they are heavily biased toward the oil market and tend to act as a quasi track of crude oil.
CMS's index...