Every Vesper Price Index is calculated with input from verified market participants, under a methodology that meets the EU Benchmark Regulation standard.
Read the VPI methodologyThe two VPI prices underlying Euronext's EU Butter and Skimmed Milk Powder futures contracts. Certified under the EU Benchmark Regulation and administered by Compass FT, an independent third-party administrator.
Across commodities in dairy, oils, eggs, sugar, and more, every Vesper Price Index is calculated using the same BMR-designed methodology, but administered internally by Vesper's price reporting team.
Method, administrator, exchange. The chain of trust behind a price you can cite when finance asks where the number came from.
The Vesper Price Index is calculated with input from verified market participants: buyers, sellers, and traders who report their transaction prices. No single participant sees another's data.
Aggregated and anonymized input
Prices collected and reported in the same week
One method across all benchmarks
Compass Financial Technologies is the independent benchmark administrator under BMR for the Vesper Price Index. They receive the inputs from Vesper and calculate the prices using a manipulation-resistant calculation method.
Independent third-party administrator
Benchmark administrator under BMR
Jointly defined methodology and code of conduct
Euronext chose the Vesper Price Index as the settlement reference for its EU Butter and Skimmed Milk Powder futures. A regulated exchange building financial products on top of our benchmark is the clearest external validation of the methodology.
EU Butter and SMP futures launching 2026
Fully transparent price history
Prices published weekly through Exchange, Bloomberg, and other outlets
"Vesper has made the market more transparent in terms of market prices, especially for categories like WPI and WPC."
Yue Li
Market Intelligence Manager at Danone