LEADING wine merchant Bordeaux Index has launched the world’s first live wine trading index.
The online index will allow clients to track changes in wine prices in real-time. It will track up to 100 of the most liquidly traded wines on its LiveTrade market-making platform.
Users will also be able to view individual price graphs for all of the wines traded with data going back to January 2008, giving added transparency to the industry.
Bordeaux Index founder Gary Boom said: “For the first time, investors will no longer need to base their decisions upon monthly market movements.
“Our technology facilitates dynamic, daily updates and will allow users to monitor the market at their convenience.
“And just as importantly, it does not require a statistics degree for interpretation.”
Bordeaux Index is one of the largest fine wine merchants in Europe with a turnover approaching £75m.
FAST FACTS | BORDEAUX INDEX
• It was established in 1855 under Napoleon III by the Bordeaux Chamber of Commerce.
• Bordeaux Index’s range of services now include luxury wine tours and a wine school.
• It was founded by South African Gary Boom.