Artis Works is a disruptive new vendor that I recently became aware of and added to the resources section of CTRMCenter. Founded in May 2020 by ex-trader Sebastian Ferraccu and enterprise Architect James McMurray-Cole. The initial product is Folio, a market sheet replacement of Excel and data providers with a ton of flexibility, a clean UI, and serious capabilities. The product is being readied for trials this month, and I was afforded a comprehensive demonstration of the software. Available in the cloud as software as a service, it is hooked into ICE and CME already. A user can pull in any market data for curves, create curves, quickly build formulae, graph anything, and broadcast everything they do across the organization. “Within hours of signing up your team can be sitting in front of a live, shared market solution,” said Sebastian.
With a clear and easy-to-use front end, everything on the grid can be controlled, re-organized, and graphed. As you may expect, columns can be moved, switched on and off, units changed, and much more besides a very flexible datasheet. End-of-day or live data values can be used, and different sheets set up like PnL and margins, and everything is autosaved, meaning a user can pick up exactly where they left off when they return to their work. Not only that, but it features a comprehensive audit trail as well. “You can create curves for everything and instantly share them.” Of course, Folio features integration to MS Excel to export to Excel or bring in data from Excel.
Trials start this month, and Sebastian says that it has been well received so far. One selling point is that Reuters and Bloomberg can be cheaply replaced unless you need their news feeds. It also eliminates Excel-based market sheets and data by doing that job more efficiently and with a complete audit trail. It certainly looks like a highly useable product from my perspective.
Currently, the product is targeting monthly commodity data and aimed at bulk commodities, but this can be changed down the line to cater to other commodities and needs, I was told. Artis has a forward plan that encompasses all aspects of risk and, via open APIs, the ability to become part of an ecosystem of software tools. For now, “Artis Folio is our first product and is a bespoke solution allowing audited real-time data sharing across entire organizations, culminating in a user experience distilled from years of commodity trading. Artis Folio also has real-time multi-exchange connections with optional Artis-derived calculations, as well as data delivery partnerships from different industry sources,” the Artis Works website says. We will be following Artis Works to see how the product is received.
