The launch of a new Exchange of Noble Wines called Cavex is planned on the nearest time. The aim of the project is to lay a new way of wine trading for wine industry representatives and private collections owners. Such exchange houses as Liv-ex and BBX (Berry Bros & Rudd’s) are considered as competitors of Cavex. Co-founder and CEO of Cavex Steven Monder states that the basis (creation of which took about 18 months) differs considerably from similar projects, at least existing in the UK. «We are different from Liv-Ex as we are open to private clients. As for BBX there are two reasons, firstly, Cavex is available to representatives of the trading industry, secondarily, the size of the commission in Cavex is just 3% for both parts (buyer and seller),” – told Mr. Monder to Decanter.com. BBX takes commission from the seller only and it is 10%. According to opinion of an investment manager of the company Lunzer Wine Investment Piter Lanzer, lots of collectors will find the perspective to exclude merchants and brokers from the trading process positive, and would like to work with sellers and buyers in direct. «The most important is that potentially such a schema would help to generate a higher ROI», — he commented. Cavex will integrate information about more than 50000 wines. The exchange will opened for international buyers but sales will be only made through customs warehouses in the Great Britain. Cavex is a collective project of several investors from London City totally invested more than £100000. Source - www.vinum.ru