European Investors Gain Access to Artwork Trading Through CACEIS-ARTEX Collaboration

European Investors Gain Access to Artwork Trading Through CACEIS-ARTEX Collaboration

(IN BRIEF) CACEIS, a leading cash equity clearing provider in Europe, has expanded its clearing options by connecting to ARTEX Global Markets, a multilateral trading facility (MTF) where shares in iconic artworks are traded. This integration allows broker-dealers, market makers, and banks trading on exchanges and multilateral platforms to access ARTEX and utilize CACEIS’ Clearing & Settlement services. The move responds to the increasing interest in artwork as an asset class among European investors, offering them a new avenue for portfolio diversification.

(PRESS RELEASE) MONTROUGE, 13-Jun-2024 — /EuropaWire/ — CACEIS, a prominent player in cash equity clearing across Europe, has expanded its clearing options by forging a connection with ARTEX Global Markets. This move allows broker-dealers, market makers, and banks trading on exchanges and multilateral trading platforms to access the ARTEX trading venue and leverage CACEIS’ comprehensive Clearing & Settlement services.

ARTEX operates as a multilateral trading facility (MTF), facilitating the trading of shares in renowned artworks globally. These shares, akin to traditional listed securities, offer investors the opportunity to participate in the art market. ARTEX complies with MiFID II regulations and operates under the oversight of the Financial Market Authority (FMA) in Liechtenstein.

“Artwork has emerged as a stable asset class among European investors, increasingly integrated into institutional portfolio diversification strategies. Recognizing the significance of this burgeoning trading platform for our clients, we are delighted to introduce this innovative solution,” remarked Anja Maiberger, Managing Director at CACEIS in Germany and Head of Regional Coverage Germany & Austria.

About CACEIS
CACEIS is the asset servicing banking group of Crédit Agricole and Santander dedicated to asset managers and institutional investors. Through offices across Europe, North and South America, and Asia, CACEIS offers a broad range of services covering execution, clearing, forex, securities lending, custody, depositary, fund administration, fund distribution support, middle-office outsourcing and issuer services. CACEIS is a consolidator in the European asset servicing market and posts sustained growth in its business activities. The group holds over €5 trillion in assets under custody and over €3.4 trillion in assets under administration (figures as of 31st March 2024).
www.caceis.com

About ARTEX Global Markets
ARTEX GM operates a secure and liquid art-focused multilateral trading facility, regulated, and supervised by the Financial Markets Authority of Liechtenstein within the European MiFID II legislative framework. Providing easy access to a traditionally exclusive fine art market, ARTEX GM aims to democratise investing in artworks from the world’s greatest masters, spanning a period from the Renaissance to the twentieth century. ARTEX GM MTF-listed masterpieces will be on public display, in museums and exhibitions around the world. ARTEX GM was co-founded in 2020 by art enthusiasts and financial markets experts H.S.H. Prince Wenceslas of Liechtenstein and Yassir Benjelloun-Touimi.
ARTEX Global Markets is operated by ARTEX AG, a company incorporated in the Principality of Liechtenstein under company number FL-0002.682.571-2 with registered offices at Wuhrstrasse 6, 9490 Vaduz, Liechtenstein. ARTEX GM is regulated by the Financial Markets Authority under reference number 307407.

For more information about ARTEX GM, please visit www.artexgm.com

Media Contact:

CACEIS:
Claude Michaux
+352 4767 2792
claude.michaux@caceis.com

ARTEX Global Markets
Aliénor Miens
+33 (0)6 64 32 81 75
alienor.miens@margie.fr

Bertrand Chambenois
+33 (0)6 11 84 34 92
bertrand.chambenois@margie.fr

SOURCE: Crédit Agricole