Don't know if crypto is that flash hot again... lol

does this help?

https://www.prnewswire.com/news-releases/lme-adopts-fastmarkets-mb-prices-for-new-cash-settled-derivatives-300780206.html

LME adopts Fastmarkets MB prices for new cash-settled derivatives

 

NEWS PROVIDED BY

Fastmarkets 

Jan 17, 2019, 09:06 ET

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LONDON, Jan. 17, 2019 /PRNewswire/ -- The London Metal Exchange (LME) will launch three new cash-settled derivative contracts settled against Fastmarkets MB's aluminium, alumina and cobalt prices, effective from March 11, 2019.

The LME will offer these hedging mechanisms settled against the following Fastmarkets MB prices:

• Cobalt standard-grade, in-warehouse, free market $ per lb in warehouse
• Alumina Index Fob Australia $ per tonne (Fastmarkets MB/CRU basket)
• Aluminium P1020A, in-warehouse Rotterdam duty-unpaid, spot low-high, $/tonne

The final settlement price for the respective contracts will be an arithmetic average of the applicable Fastmarkets MB price listed above in the expiring contract month.

"We are delighted to announce Fastmarkets MB as one of the index providers for our new cash-settled futures contracts, which is the next step in delivering our new products strategy and an important part of our commitment to deliver greater user choice," Robin Martin, head of market development for LME Group, said.

Key market participants have endorsed the exchange's partnership with Fastmarkets MB as a critical step in the evolution of risk management for these markets.

"This new partnership with the LME is a testament to how engrained Fastmarkets MB prices have become in the physical markets," Jon Mulcahy, Fastmarkets price development manager for Europe, said. "These hedging tools will provide a new opportunity for market participants to better manage their exposure to price volatility across these commodity sectors."

Fastmarkets achieved type-1 IOSCO assurance for its standard-grade cobalt price and alumina index, and type-2 IOSCO assurance for its duty-unpaid Rotterdam premium, in August last year.

To see all Fastmarkets MB's pricing methodology and specification documents visit: www.fastmarkets.com.

ABOUT FASTMARKETS

Fastmarkets is the leading price reporting, analytics and events organization for the global metals, mining and forest products markets. Fastmarkets' core activity in pricing drives transactions in commodities markets around the world and is complemented by news, industry data, analysis, conferences and insight services. Fastmarkets includes brands such as Fastmarkets MB, Fastmarkets AMM (previously known as Metal Bulletin and American Metal Market, respectively), Fastmarkets RISI and Fastmarkets FOEX. Its main offices are in London, New York, Boston, Brussels, Helsinki, São Paulo, Shanghai, Beijing and Singapore. Fastmarkets is a part of Euromoney Institutional Investor PLC, a listed company on the London Stock Exchange. Euromoney is a leading international business-to-business information group focused primarily on the global commodities, banking, and asset management markets.