www.scotchmaltwhisky.co.uk

Whisky Forum - New Shetland Island Distillery plans online whisky futures

 

Whisky Forum

FAQFAQ   SearchSearch   MemberlistMemberlist   RegisterRegister   ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in
New Shetland Island Distillery plans online whisky futures

 
Post new topic   Reply to topic    Whisky Forum Index -> News
View previous topic :: View next topic  
Author Message
William
Administrator
Administrator


Joined: 10 Apr 2006
Posts: 3834
Location: Scotland

PostPosted: Wed Jun 28, 2006 12:57 am    Post subject: New Shetland Island Distillery plans online whisky futures Reply with quote

A distiller based in the Shetland Islands is poised to launch what is believed to be the world's first online whisky futures trading platform.

Blackwood Distillers, a spirits group that is converting an abandoned RAF base into a distillery on Unst, the UK's most northerly island, is hoping to have the system in operation by the end of next month.

Set up by New York hedge fund managers in conjunction with Blackwood, the platform will allow traders and customers to buy and sell options on the whisky distilled on Unst.

Although similar futures trading of fine wines is a booming business, with Farr Vinters, the UK wine traders, believing it will sell £20m worth of Bordeaux futures this year, the trading of whisky futures or options is largely uncharted territory.

The principle of how the whisky will be traded is similar to the en primeur system of wine trading, in which customers buy maturing wine before it is bottled.

Cask samples of wines are made available for tasting to journalists and large wholesale buyers in the spring following the vintage. The brokers and merchants sell on the wine to their cus-tomers.

In general it is not bottled or shipped until about two years later.

Source: The Telegraph Newspaper "www.telegraph.co.uk"
Back to top
View user's profile Send private message

Display posts from previous:   
Post new topic   Reply to topic    Whisky Forum Index -> News All times are GMT
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
 Drink Safely   Add Your Site   Other Whisky Sites    Links   Contact Us 

 

© 2018 www.scotchmaltwhisky.co.uk All rights reserved.

This website was produced in Scotland.