CACEIS expands clearing options by connecting to ARTEX Global Markets As a leading cash equity clearing provider, CACEIS now offers broker-dealers, market makers and banks - who are trading participants on the exchanges and multilateral trading platforms - the opportunity to trade on the ARTEX trading venue and benefit fully from CACEIS’ Clearing & Settlement services.
ARTEX is a multilateral trading facility (MTF), on which shares in world-famous, iconic works of art are traded. The shares in the artworks are tradable and transferable securities just like all other listed securities. ARTEX is MiFID II compliant and regulated by the Financial Market Authority (FMA) in Liechtenstein.
"European investors generally consider artwork as an asset class that maintains a very stable value, and art is becoming a growing part of many institutional clients’ portfolio diversification strategy. As the global clearing hub for the CACEIS Group, we recognise the importance of this up-and-coming trading platform for our clients, and are pleased to offer them this new solution," explains Anja Maiberger, Managing Director at CACEIS in Germany and Head of Regional Coverage Germany & Austria.
