Currently, the London International Wine Exchange has more than 240 wine merchant members and some funds trading high-quality wine futures contracts on its platform and participating in physical delivery. Buyers can anonymously or with real names by phone or online , purchase goods after paying a 2% to 3% handling fee for each transaction. The transaction is confirmed by Liv-Ex. After receiving the order, they verify the condition and authenticity of the required wines in a 2,500-square-foot warehouse and ship them to the buyer after confirming that they are correct. Liv-Ex does not impose any restrictions on the types of wines that wine merchants can trade, but 40% of the wines come from the five famous wineries in the Bordeaux region of France: Mouton, Lafite, Latour, Margaux and Haut-Brion.

In addition, Liv-Ex also compiles the London Wine Exchange 50, 100 and 500 wine price indexes and the Bordeaux 100 wine price index based on their transaction status to help global investors and industry insiders understand wine prices. changes.

In February 2008, James Myers, chairman of Liv-Ex, announced that “although the London International Wine Exchange operates on the Internet and telephone platforms, it still hopes to set up an office in Hong Kong. Sign a contract to deliver in this area. At the moment, this plan is not feasible due to the wine tax. However, if Hong Kong removes the wine tax, we will go there because Hong Kong is becoming more and more popular because of China. Important. ”

Unfortunately, so far, the Hong Kong SAR has not passed a bill to lower the alcohol tax, so Liv-Ex can only despair. According to data from the exchange, traders from China accounted for 40% of trading volume in the first half of 2010. At the same time, there are also Chinese links on the Liv-Ex website. According to an industry veteran, Mr. Lu Senxie of Guangzhou Boboqiu Wine Cellar, since 2009, more and more Chinese wine merchants, investors and even consumers have also adopted the wines published daily by Liv-Ex. Price index serves as an important basis for buying and selling. In 2011, the Hong Kong Wine Exchange was also officially established. This is the second wine exchange in the world. On February 22, 2011, with the approval of the State Administration for Industry and Commerce, the China Mingzhuang Wine Exchange settled in the Yujiapu Financial Business District of Binhai New Area. , China also has its own wine exchange.