Borsa Italiana
   HOME

TheInfoList



OR:

Borsa Italiana, based in
Milan Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city h ...
, is the
Italian Italian(s) may refer to: * Anything of, from, or related to the people of Italy over the centuries ** Italians, an ethnic group or simply a citizen of the Italian Republic or Italian Kingdom ** Italian language, a Romance language *** Regional Ita ...
stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...
. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.italy24.ilsole4ore.com,
Borsa Italiana
Following exchange privatisation in 1997, the Italian Bourse was established and became effective on 2 January 1998.source sense.com,
Borsa Italiana
On 23 June 2007, the Italian Bourse became a subsidiary of the
London Stock Exchange Group London Stock Exchange Group plc (LSEG) is a United Kingdom-based stock exchange and financial information company headquartered in the City of London, England. It owns the London Stock Exchange (on which it is also listed), Refinitiv, LSEG T ...
.news.bbc.co.uk,
London Stock Exchange Buys Borsa
This changed on 9 October 2020, when a €4.3 billion deal was agreed between the
London Stock Exchange Group London Stock Exchange Group plc (LSEG) is a United Kingdom-based stock exchange and financial information company headquartered in the City of London, England. It owns the London Stock Exchange (on which it is also listed), Refinitiv, LSEG T ...
and pan-European stock exchange group
Euronext Euronext N.V. (short for European New Exchange Technology) is a pan-European bourse that offers various trading and post-trade services. Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, ...
. Euronext's acquisition of the Italian Bourse was completed on 29 April 2021. It is expected Italian Bourse will be rebranded as Euronext Milan in due course. Borsa Italiana is also informally known as Piazza Affari ("Business Square"), after the city square of Milan where its headquarters (the Palazzo Mezzanotte building) is located. Borsa Italiana is chaired by Andrea Sironi (former LSEG director), and Fabrizio Testa is the CEO. Borsa Italiana is regulated by the
Commissione Nazionale per le Società e la Borsa Commissione Nazionale per le Società e la Borsa (CONSOB; Italian Companies and Exchange Commission) is the government authority of Italy responsible for regulating the Italian securities market. This includes the regulation of the Italian stock ex ...
(CONSOB), an agency of the Ministry of Economy and Finance, based in Rome. As of April 2018, overall capitalisation for listed companies on Borsa Italiana was worth €644.3 billion, representing 37.8% of Italian
GDP Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is ofte ...
.finanzalternativa.it,


History

The Borsa di commercio di Milano (Milan Stock Exchange) was established by
Eugène de Beauharnais Eugène Rose de Beauharnais, Duke of Leuchtenberg (; 3 September 1781 – 21 February 1824) was a French nobleman, statesman, and military commander who served during the French Revolutionary Wars and the Napoleonic Wars. Through the second marr ...
, viceroy of the Napoleonic
Kingdom of Italy The Kingdom of Italy ( it, Regno d'Italia) was a state that existed from 1861, when Victor Emmanuel II of Kingdom of Sardinia, Sardinia was proclamation of the Kingdom of Italy, proclaimed King of Italy, until 1946, when civil discontent led to ...
, through decrees dated 16 January and 6 February 1808. It operated under public ownership until 1998, when it was privatized. In 1997, all the Italian stocks were merged. Before that year, other smaller stocks exchanges were based in Naples, Turin, Trieste, Venice, Genoa, Florence, Bologna, Rome, and Palermo. In 1991, the electronic exchanges were approved, and in 1994, the market with grids (A,B,C) was abolished. In Milan were also the currencies exchange rates fixing and the commodities fixing. On 1 October 2007, Borsa Italiana was merged with the
London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
in an all-share takeover, thus becoming part of the London Stock Exchange Group. In March 2016, the London Stock Exchange Group announced the agreement to merge in an all-stock deal with Deutsche Borse, but was subsequently blocked by the EU Competition Regulator.competitionpolicyinternational.com,
EU: LSE and Deutsche Börse officially announce merger
On 18 September 2020, the
London Stock Exchange Group London Stock Exchange Group plc (LSEG) is a United Kingdom-based stock exchange and financial information company headquartered in the City of London, England. It owns the London Stock Exchange (on which it is also listed), Refinitiv, LSEG T ...
entered into exclusive talks to sell the Italian Bourse to
Euronext Euronext N.V. (short for European New Exchange Technology) is a pan-European bourse that offers various trading and post-trade services. Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, ...
. On 29 April 2021, following the entry of
CDP Equity Cassa Depositi e Prestiti Equity (CDP Equity), until 2016 known as Fondo Strategico Italiano (''Italian Strategic Fund'') is an Italian sovereign wealth fund established in 2011. History It has an estimated operating balance of €4 billion. Its ...
and Intesa San Paolo (Italian institutional investors) as shareholders of Euronext, the European group assumed control of the company. Samantha French is the Programme Manager for the separation of Borsa Italiana from the
London Stock Exchange Group London Stock Exchange Group plc (LSEG) is a United Kingdom-based stock exchange and financial information company headquartered in the City of London, England. It owns the London Stock Exchange (on which it is also listed), Refinitiv, LSEG T ...
.


Operations

Borsa Italiana acts as a market management firm operating with autonomy and flexibility. It organises and manages the domestic stock market along with Italian and international brokers through a fully electronic trading system. Among its leading tasks, Borsa Italiana supervises listed companies, defining rules for admission and listings and supervising transaction activities.borsaitaliana.it,
EU: LSE and Deutsche Börse officially announce merger


Trading hours

The exchange has pre-market sessions from 8AM to 9AM, normal trading sessions from 9am to 5:30PM and post-market sessions from 6PM to 8:30PM on all days of the week except Saturdays, Sundays, and holidays declared by the Exchange in advance. Market Hours, Italian Stock Exchange via Wikinvest


Markets

Major trading markets for Borsa Italiana are: *MTA, the leading equity market, which is devoted to mid and large-size companies. It includes two segments: STAR, for mid-sized firms, and MTA International, on which shares from non-Italian issuers already listed on other European markets are traded;lseg.com,
MTA
*AIM Italia, which collects stocks by small and medium high-growth companies;lseg.com,
AIM Italia
*MIV (Market For Investment Vehicles), on which retail and professional investors operates on investment vehicles which have a defined strategic vision;lseg.com,
MIV: Trading
"
Borsa Italiana also include markets for derivatives (IDEM),lseg.com,
IDEM Equity
ETF (ETFPlus) and bonds (MOT).lseg.com,
MOT


Indices

Borsa Italiana's main indices are:borsaitaliana.it,
Gli indici
*FTSE Italia All Share *FTSE MIB, a capitalisation-weighted index of 40 of the biggest companies chosen to represent 10 economic sectors, created in 2009strategystocks.co.uk,

*FTSE Italia Mid Cap *FTSE Italia Small Cap *FTSE AIM Italia *AIM Italia Investable


Listed companies

For a full list see :Companies listed on the Borsa Italiana.


See also

*
List of stock exchanges This is a list of major stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts are listed both here and in the list of futures exchanges. There are sixteen stock exchanges in the world ...
*
Economy of Italy The economy of Italy is a highly developed social market economy. It is the third-largest national economy in the European Union, the 10th-largest in the world by nominal GDP, and the 12th-largest by GDP (PPP). Italy is a founding member of t ...


References

Notes


External links

* {{authority control 2007 mergers and acquisitions 2021 mergers and acquisitions Economy of Milan Euronext national listing venues Finance in Italy Financial services companies established in 1808 Italian companies established in 1808 Stock exchanges in Italy