About the Exchange

 

   

Membership fee

Starting at £750 per annum, the membership fee is based on the number of users who wish to access the Liv-ex trading platform at each company. Each licence allows that user to take advantage of our price data and other information for the purposes of their day-to-day trading requirements. (Any other use of our data or indices for valuation, marketing, research or other commercial non-trading purposes will require an additional licence – more information.)

 
Annual Membership Fee 2014 GBP EUR
1 User Licence 750 900
2-3 Users Licence 1,500 1,800
4-5 Users Licence 2,000 2,400
6-10 Users Licence 3,000 3,600
11-15 Users Licence 4,000 4,800
16+ Users Licence 5,000 6,000
 

Commission

A small commission is charged (to both buyer and seller) on the trades that take place on the Liv-ex Fine Wine Exchange. The rate of commission is dependent on the value of trade that the company has performed on Liv-ex in a calendar year.

Optional Fixed Commission

Optional commission packages are now available to make it easier for Exchange members to trade. These give Exchange members the opportunity to set their commission at a low, flat rate for a 12 month period. Members who opt in pay an annual fee to trade at a commission rate as low as 1%, helping those who trade regularly on the Exchange to save money over time. There are three packages available.

Settlement fee

There is also a fixed £3.50 (€4.20) per unit charge. The settlement fee covers logistics costs and includes the first three months of storage. This fee does not include insurance costs. Members can either take advantage of Liv-ex’s comprehensive cover, for a small additional fee, or opt out and arrange their own cover. Please contact Vine for full details of the Liv-ex insurance policy.

 
Commission Payable 2014
Annual turnover GBP Annual turnover EUR %
From 0 - 150k From 0 - 180k 2.50
From 151k - 500k From 181k - 600k 2.00
From 501k - 1M From 601k - 1.2m 1.75
From 1M - 3M From 1.2m - 3.6m 1.50
From 3M - 5M From 3.6m - 6m 1.25
From 5M+ From 6m+ 1.00
Settlement fee per unit: £3.5  /  €4.2    

 

Optional Fixed Commission Packages 2014
Upfront annual fee for a 12 month period %
£500 / €600 2.0
£3,000 / €3,600 1.5
£12,000 / €14,400 1.0

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