Artex, a stock exchange dedicated to investing in artworks by renowned masters, has received approval to operate a Multilateral Trading Facility (MTF) in Europe.
Initially, Artex will concentrate on artworks from the world’s greatest masters, ranging from the Renaissance to the twentieth century. Each artwork will be held by a public limited company established in Luxembourg, with shares to be offered for trading on Artex through an initial public offering (IPO).
Art shares will feature an initial nominal value of €100, aiming to democratize access to the fine art market and enable millions to invest in classical works of art.
To enhance the trading experience and ensure a robust trading platform, Artex has formed partnerships with key stock exchange infrastructure service providers. SIX will handle clearing and settlement services, along with a market data feed, while Bloomberg will provide its order management, risk, and portfolio management systems to market participants. Additionally, UnaVista, a business of the London Stock Exchange, will assist Artex with regulatory reporting obligations.