Welcome to the February 2016 Liv-ex newsletter
All of the major Liv-ex indices rose in January. The Liv-ex Fine Wine 100 closed up 1.1%, while the Liv-ex 1000 was buoyed by gains for Bordeaux and closed up 1.05%. Historically, January has been a positive month for fine wine, with rises for the Liv-ex 100 in January 2011, 2012, 2013 and 2015 – years where the index went on to close either down or flat. While it may be too early to predict what last month’s gains means for the Liv-ex 100 in 2016, we’d still like you to have a go in our annual membership survey for the chance to win a magnum of Louis Roederer Brut 1990. Details below.
Liv-ex membership survey
Each year Liv-ex asks its members to complete a short survey that collates both company performance and future forecasts. The subsequent report – sent to participants only – provides unparalleled insight into the state of the market. This year, one respondent will win the chance to trade with no commission for a month, while the person who most accurately predicts the December 2016 close of the Liv-ex 100 Index will win a magnum of Louis Roederer Brut 1990. If you are the lead contact for your account, please complete the survey here (only one reply is needed per company).
Exposure reaches record high
Last week the total value of live bids and offers on Liv-ex reached a new high of £29,214,515. As the chart shows, this figure has been climbing steadily since 2007 when exposure was at £3.3m. The number of active markets also reached a new high of 5,907 – up by nearly 20% since June 2015.
Order Integration: coming soon
As James Miles mentioned in his newsletter last year, one of 2016’s biggest developments will be making it easy for you to integrate electronically with the exchange. This initiative will allow you (or your customers via you) to place bids and offers and match trades from your own system, and keep the two stock positions in sync. We have recently started testing a beta version of this with interested members: if you would like to be involved, please speak to your Account Manager.
New team appointment
The Liv-ex database now runs to over 35 million lines of data, with 35,000 updates made every day. In order to further Liv-ex’s analytics and insight capabilities Ryan Hughes ([email protected]) has joined the data team. Ryan has a BSc in Mathematics and Computer Sciences and spent ten years at G4S in various analytical roles, which culminated in him leading the forecasting and planning teams.
Thank you for reading
We hope that you’ve found this edition useful. As always, you can keep up to date with developments as they happen by visiting the Liv-ex noticeboard. If you have any feedback or questions on this newsletter, please email [email protected] or call +44 (0)20 7062 8788.