ARTEX Global Markets and Exactpro Release a Joint Case Study on AI-enabled Software Testing of the Art Shares MTF

[27 June, London] – ARTEX Global Markets, providers of the first regulated Art Multilateral Trading Facility (MTF), has collaborated with Exactpro to streamline its platform delivery and software testing practice. Having successfully listed its first artwork – Francis Bacon, “Three Studies for Portrait of George Dyer”, 1963, LU2583605592 – on 8 March 2024, ARTEX Global Markets has been running incident-free since then. The collaboration results are now available in the form of a case study.

Co-founded in 2020 by art enthusiasts and financial market experts H.S.H. Prince Wenceslas of Liechtenstein and Yassir Benjelloun-Touimi, ARTEX Global Markets is enabling the trading of a new regulated asset class – art shares. ARTEX Global Markets is a multilateral trading facility (MTF) supervised by the Financial Markets Authority of Liechtenstein and operating within the European MiFID II legislative framework.

The joint case study focuses on the collaborative work conducted by the ARTEX and Exactpro teams ahead of, during and post-launch, to ensure the required level of quality and operational resilience of the new trading venue. It highlights the use of Exactpro's AI Testing approach that was tailored to the ARTEX Global Markets needs and encompassed end-to-end functional and non-functional testing of the MTF's protocol and matching engine software.

Building a new trading venue is a rigorous exercise and guaranteeing a flawless experience for our members and participants is paramount. We needed to ensure that our trading venue is robust, consistent and compliant with industry standards, and Exactpro’s insights & experience were invaluable in achieving this goal.

We wanted a partner that was agile, and able to adapt to our specific needs as we changed. Exactpro’s ability to adapt and update their test libraries & models was outstanding. Through the use of AI, the size and execution time of the testing process has been reduced without compromising the quality of the testing. There was also great value in the End-to-End testing aspect to ensure consistency and detect regressions.

— Alexandre Reynaert, Chief Technology Officer, ARTEX Global Markets

Having invested in independent software testing at this early stage, ARTEX was able to avoid a lot of the common pitfalls, resolve defects early and at a lower cost, as well as significantly increase their overall delivery speed. The trading venue is now supported by an extensive test library that can be used regularly for regression testing and serve as a foundation for future growth.

We very much appreciate the trust put in Exactpro in this collaboration and have enjoyed the opportunity to share our industry expertise and showcase our AI-enabled software testing approach.

— Iosif Itkin, co-CEO and co-founder, Exactpro

To read the full case study, please follow the link.

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About ARTEX Global Markets

ARTEX Global Markets (ARTEX GM) operates a secure and liquid art-focused multilateral trading facility. 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-listed masterpieces will be on public display, in museums and exhibitions around the world. ARTEX GM will strive to empower investors by offering the latest news, market insights and educational content to allow wider participation in art investing. 

ARTEX GM is operated by ARTEX Global Markets 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, please visit

About Exactpro

Exactpro is an independent provider of AI-enabled software testing services for financial sector organisations. Our clients are exchanges, post-trade platform operators, and banks across 20 countries. Our area of expertise comprises protocol-based testing of matching engines, market data, market surveillance, clearing and settlement systems, payments APIs. We help our clients to decrease time to market, maintain regulatory compliance, improve scalability, latency and operational resiliency. Exactpro is involved in a variety of transformation programmes related to large-scale cloud and DLT implementations at systemically important organisations.

Our approaches leverage artificial intelligence (AI) to help harness the power of exploratory data analysis and big data analytics to assist in the generation of test ideas and the interpretation of test results, supported by advanced execution capabilities of the th2 frameworks suite. 

For more information about Exactpro, please visit