UK-based data analytics provider BMLL has teamed up with Artex Global Markets to modernise the re-distribution and analysis of intraday art-financial data.
Artex Global Markets is a regulated art-focused multilateral trading facility (MTF), regulated by the Financial Markets Authority of Liechtenstein within the European MiFID II framework.
The partnership combines exclusive pricing data in the art market from Artex to access and analyse the historical data within the BMLL Data Lab.
Swiss stock exchange SIX supports the collaboration by providing value-added services to Artex in the clearing space (SIX x-clear) and real-time market data dissemination (SIX MDDX feed).
ARTEX Global Markets chief technology officer Alexandre Reynaert said: “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.”
The partnership will boost art investing by combining Artex’s regulated Art MTF with BMLL’s commitment to empowering capital market participants with advanced analytics.
Artex’s data will enhance BMLL’s analytics, enabling more accurate predictions of securities’ future price movements and optimizing trading strategies for clients.
The art pricing data can be accessed via the BMLL Data Lab secure cloud environment, facilitating scalable research without the need for data sourcing, curation, or engineering.
For the first time, the partnership will allow market participants to track the intraday price of artwork, said the data and analytics provider.
BMLL CEO Paul Humphrey said: “This collaboration is set to democratise information across both art and financial markets and enable art investing in an unprecedented way.”
SIX Exchange exchange data strategy head Marc Berthoud said: “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.”
