What happened to the Euronext Bordeax financial futures?

Oct 31, 2004 1 Replies
L

I could not find the Bordeaux futures contract at the Euronext web site. Curious to find out what happened to this financial instrument.



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SEPTEMBER 10, 2001 BUSINESSWEEK INVESTOR A Case of Bordeaux for Your Portfolio? Now you can sample wine futures contracts Investors long have traded futures contracts on soybeans, wheat, sugar, and countless other everyday agricultural commodities. Starting on Sept. 14, they can buy futures contracts on a much more alluring product: top-quality French wine. Euronext, the merged Amsterdam, Brussels, and Paris stock exchange, is launching Winefex, the world's first exchange-traded futures contract on Bordeaux premium red wines.


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T

With a bit of luck a scheme such as this has gone under faster than it emerged. My devout prayer is for disaster to strike the invetment of all who invest in wine solely for profit. I can forgive those who buy several cases en primeur with a view to drinking most of it and selling some to improve their cellars with the profit but wine was given to us to drink not to invest in and I for one regard it as almost blasphemous to use it for investment purposes alone - so a plague on ”Winef*x• and all its works.

Timothy Hartley

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