In the next week Liv-ex is launching an update to the ‘Special’ contract. There are two parts to this:
- Improved opportunities to trade
- A new type of Special – Now
The first part simplifies how you find and see Specials on the Exchange.
The way in which you create a Special will not change, but now the terms of the contract will be shown on the Exchange screen – enabling you to establish at a glance why a trade is offered as Special rather than SIB.
As shown in the new view above, stock may be listed as Special because it is duty paid (“DP”), or because of delivery time (“3 wks”), minimum number of units (“Qty 5”), or a condition issue (“Condition”).
Please note: where a number of weeks is specified, this refers to the maximum number of weeks before the stock will be delivered into Vine, rather than to the buyer.
Searching for Specials
You will also be able to search specifically for the type of Special you are interested in, enabling you to easily spot opportunities to trade:
- Select ‘Advanced Search’ beneath the wine search box
- Under ‘Special’, check which types of contract you are interested in.
All Special contracts already on the Exchange will automatically update to the new view when it is launched.
If you have any questions, please contact your Account Manager.
Part 2 of the update – a new type of Special – will be posted later this week.
