BMLL has partnered with ARTEX Global Markets, the regulated art-focused multilateral trading facility (MTF), in an effort to redefine the way intraday art-financial data can be re-distributed and analysed.
The collaboration aims to bring together exclusive pricing data from the art market from ARTEX Global Markets with the ability to access and analyse the historical data within the BMLL Data Lab.
SIX aims to support this collaboration by providing services to ARTEX Global Markets in the clearing space (SIX x-clear), and in the real-time market data dissemination (SIX MDDX feed).
The partnership will democratise art investing by bringing together ARTEX Global Markets’ regulated Art MTF and BMLL’s commitment to empower capital markets participants with advanced analytics.
The ARTEX Global Markets data will enhance BMLL’s analytics, enabling accurate predictions of securities’ future price movements and optimising trading strategies for clients.
Alexandre Reynaert, chief technology officer at ARTEX Global Markets, comments: “For the first time in history, ARTEX Global Markets allows continuous market data for blue-chip art masterpieces.
“BMLL enables consistent historical data availability, and provides valuable analytics to market participants. ARTEX Global Markets is delighted to partner with BMLL to promote transparency and accessibility for art trading data, creating a new asset class.”
Paul Humphrey, CEO of BMLL, says: “ARTEX Global Markets enables investors to trade shares of iconic masterpieces on a fully regulated venue. This collaboration is set to democratise information across both art and financial markets and enable art investing in an unprecedented way."
Marc Berthoud, head exchange Data Strategy, SIX Exchange, adds: “ARTEX enables the emergence of a new fully bankable securitised asset class: painting masterpieces. SIX is proud to disseminate top quality ARTEX market data. This paves the way for BMLL to deliver premium advanced analytics for this appealing emerging asset class.”
