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BMLL and ARTEX Global Markets have joined forces to enhance art investment strategies by merging art pricing data with financial market analytics.
The partnership between BMLL, a provider of harmonised historical data and analytics for financial markets, and ARTEX Global Markets, a regulated trading facility focused on art, aims to provide advanced tools for more accurate predictions and optimised trading strategies.
Supported by SIX, a Swiss financial infrastructure provider known for its clearing services and real-time data dissemination, this initiative also seeks to increase transparency and accessibility in art investing, enabling financial institutions to track and analyse intraday art prices more effectively.
Integrating ARTEX’s art pricing data with BMLL’s analytics capabilities, market participants can facilitate research without the burden of data sourcing, curation or engineering.
The integration also aims to provide more accurate predictions of future price movements and optimise trading strategies.
The collaboration
Alexandre Reynaert, chief technology officer of ARTEX Global Markets, noted that ARTEX enables continuous market data for blue-chip art masterpieces, with BMLL providing historical data availability and analytics.
“ARTEX Global Markets is delighted to partner with BMLL to promote transparency and accessibility for art trading data, creating a new asset class,” he said.
Marc Berthoud, head of exchange data strategy at SIX, also added: “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.”
While Paul Humphrey, CEO at BMLL, commented: “This collaboration is set to democratise information across both art and financial markets and enable art investing in an unprecedented way.”
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