London International Vintners Exchange information
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Liv-ex (London International Vintners Exchange) is a global marketplace for wine trading.[1] It has over 620 members from start-ups to established merchants. Liv-ex supplies them with data, trading, and logistics services.
The platform publishes the actual prices at which wines are transacted and contains around £100m of firm buying and selling opportunities in over 16,000 wines. All are available to trade in real time. Liv-ex additionally conceived the Standard-In-Bond (SIB) contract to assure stock condition, delivery, faster payments, and provide transport and storage.
The company was founded in 2000 by two stockbrokers, James Miles, and Justin Gibbs. It started with a group of 10 founding members in London.
^"Liv-ex - The global marketplace for the wine trade. Price, source & sell wine". Liv-ex. Retrieved 2019-07-31.
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