Bulk trade bid
Updates to the Bulk Trade Bid process
We have recently launched an automated procedure for Bulk Trade Bids to simplify the process of selling to a bid. Customers can now visit this page to sell their stock directly (you will no longer need to upload an acceptance statement). Along with this change, there are a few updates to how the bid will proceed:
- Customers are now able to elect to sell only part of their stock to the bid
- The whisky in question will remain open for trading on the live order board for the duration of the bid
- Customers can now choose to automatically accept any Bulk Trade Bid for their whisky. To do this, go to your Account Settings and set Automatically accept bulk trade bids to On
What is a bulk trade bid?
A bulk trade bid is the ordinary way for stock to exit the platform and for stock owners to realise their investment. It is the easiest way for an industry buyer to pick up a significant quantity of the whisky that they require for blending or bottling.
Stock owners are not obligated to accept this bid but by not doing so may risk retaining ownership in a low liquidity stock line with reduced attractiveness to potential future industry bidders.
A bulk trade bid is not the only way for industry buyers to acquire and withdraw maturing spirit. Just like any other WhiskyInvestDirect user they can purchase through a pre-order and trade via the live order board, the difference is an industry buyer will hold a WOWGR enabling them to easily withdraw their whisky. Since August 2019 we’ve had a number of trade purchase & withdrawals (TPW) with over 145,000 LPA bought and withdrawn from the platform. These trades can be seen in the second table below.
Bulk trade bids
You can sort the data by clicking in each column header.
* Calculated from initial price to sale price, net of all dealing and storage fees.
Trade purchase & withdrawal
You can sort the data by clicking in each column header.
* Calculated from initial price to sale price, net of all dealing and storage fees.
† Whiskies purchased through a pre-order and withdrawn shortly thereafter.