Fintech
New initiative combines art price data with financial market analysis
BML AND ARTEX Global Markets have joined forces to improve art investment strategies by integrating art price data with financial market analysis.
The partnership between BMLL, a provider of harmonized historical data and analytics for financial markets, and ARTEX Global Markets, a regulated trading system focused on art, aims to provide advanced tools for more accurate forecasts and optimized trading strategies.
Supported by SIX, A Swiss financial infrastructure provider known for its clearing services and real-time data dissemination, this initiative also aims to increase transparency and accessibility in art investing by enabling financial institutions to monitor and analyze daily art prices more effectively.
By integrating ARTEX art price data with BMLL’s analytical capabilities, market participants can facilitate research without the burden of data research, selection, or engineering.
The integration also aims to provide more accurate predictions of future price movements and optimize trading strategies.
Collaboration
Alexander Reynaert, The Technical Manager of ARTEX Global Markets emphasized that ARTEX provides continuous market data for premium art masterpieces, while BMLL provides historical data availability and analysis.
“ARTEX Global Markets is pleased to partner with BMLL to advance the transparency and accessibility of fine art trading data, creating a new asset class,” he said.
Marc Berthoud, Head of Exchange Data Strategy at SIX, further added: “ARTEX enables the emergence of a new, fully bankable securitized asset class: painting masterpieces. SIX is proud to release high-quality ARTEX market data. This paves the way for BMLL to provide premium advanced analytics for this exciting emerging asset class.”
While Paul Humphrey, BMLL CEO commented: “This collaboration is set to democratize information in the art and financial markets and enable investment in art in an unprecedented way.”