Borsa Italiana

History

The Borsa di commercio di Milano (Milan Stock Exchange) was established by Eugène de Beauharnais, viceroy of the Napoleonic Kingdom of Italy, through decrees dated 16 January and 6 February 1808. It overtook the historically poorly regulated Borsa di Genova, later becoming the Italy's main stock exchange after the Panic of 1907.

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 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.

On 18 September 2020, the London Stock Exchange Group entered into exclusive talks to sell the Italian Bourse to Euronext. On 29 April 2021, following the entry of CDP Equity and Intesa San Paolo (Italian institutional investors) as shareholders of Euronext, the European group assumed control of the company. Its weight on the total Italian economy is growing: the overall capitalization of listed companies in December 2021 stood at 757 billion (equal to 43.1% of GDP), up by 24.7% compared to 2020.

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.

Trading hours

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

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;
• AIM Italia, which collects stocks by small and medium high-growth companies;
• MIV (Market For Investment Vehicles), on which retail and professional investors operates on investment vehicles which have a defined strategic vision;

Borsa Italiana also include markets for derivatives (IDEM), ETF (ETFPlus) and bonds (MOT).

Indices

Borsa Italiana's main indices are:

• FTSE Italia All Share
• FTSE MIB, a capitalisation-weighted index of 40 of the biggest companies chosen to represent 10 economic sectors, created in 2009
• FTSE Italia Mid Cap
• FTSE Italia Small Cap
• FTSE AIM Italia
• AIM Italia Investable

Listed companies

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

References

Notes

References

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2. "Borsa Italiana chiude il 2025 su nuovi massimi: capitalizzazione oltre 1.000 miliardi e scambi record - Borsa Italiana".
3. link. (1 August 2017 ")
4. source sense.com, "[https://www.sourcesense.com/en/portfolio/borsa-italiana/ Borsa Italiana]"
5. news.bbc.co.uk, "[http://news.bbc.co.uk/2/hi/business/6233196.stm London Stock Exchange Buys Borsa]"
6. (9 October 2020). "Lse vende Borsa Italiana ad Euronext per 4,32 miliardi".
7. (22 October 2021). "Amendments to the Instructions to the Regulations of CC&G and related Annex – Rebranding of MTA and MIV markets".
8. "Organi Sociali e Libro Soci - Borsa Italiana".
9. finanzalternativa.it, "[http://www.finanzalternativa.it/2017-12-29-bilancio-2017-di-borsa-italiana-il-ftse-mib-cresce-del-155-anno-record-per-le-ammissioni-39-la-capitalizzazione-vola-a-6443-miliardi-227/]"
10. http://www.historytour.it {{Webarchive. link. (31 December 2009 , "[http://www.historytour.it/default.php?idp=s&ids=11&iddoc=172&tipodoc=articolo History Tour – Borsa Italiana] {{Webarchive). link. (2012-03-05 ")
11. (April 2010). "Historical Stages". Borsa Italiana }}{{Dead link.
12. (24 December 2016). "24 dicembre 1802: viene istituita la Borsa Valori di Roma -".
13. (21 January 2020). "I Principali Indici di Borsa Italiana dopo la fusione con la Borsa di Londra".
14. competitionpolicyinternational.com, "[https://www.competitionpolicyinternational.com/eu-lse-and-deutsche-borse-officially-announce-merger/ EU: LSE and Deutsche Börse officially announce merger]"
15. businessinsider.com/lse-engages-euronext-in-exclusive-borsa-italiana-talks-2020-9?r=US&IR=T
16. "Euronext: chiuso acquisto Borsa Italiana, valore finale 4,444 mld euro (RCO)".
17. Paronetto, Paolo. (2021-12-30). "Piazza Affari, +24,7% la capitalizzazione 2021 a 757 miliardi, Ipo da record".
18. borsaitaliana.it, "[https://web.archive.org/web/20130314053344/http://www.borsaitaliana.it/borsaitaliana/chi-siamo/chi-siamo.en.htm EU: LSE and Deutsche Börse officially announce merger]"
19. [[Wikinvest:List of Stock Exchanges. Market Hours, Italian Stock Exchange via Wikinvest]]
20. lseg.com, "[http://www.lseg.com/areas-expertise/our-markets/borsa-italiana/equities-markets/trading/mta MTA ] {{Webarchive. link. (18 April 2019 ")
21. lseg.com, "[http://www.lseg.com/areas-expertise/our-markets/borsa-italiana/equities-markets/trading/aim-–-mercato-alternativo-del-capitale AIM Italia] {{Webarchive. link. (10 April 2021 ")
22. lseg.com, "[http://www.lseg.com/areas-expertise/our-markets/borsa-italiana/equities-markets/trading/miv-trading MIV: Trading ] {{Webarchive. link. (18 April 2019 ")
23. lseg.com, '[http://www.lseg.com/areas-expertise/our-markets/borsa-italiana/derivatives-markets/idem-equity IDEM Equity ] {{Webarchive. link. (18 April 2019 ")
24. lseg.com, "[http://www.lseg.com/areas-expertise/our-markets/borsa-italiana/fixed-income-markets/mot MOT ] {{Webarchive. link. (18 April 2019 ")
25. borsaitaliana.it, "[http://www.borsaitaliana.it/borsa/azioni/tutti-gli-indici.html?lang=en Gli indici]"
26. strategystocks.co.uk, "[http://www.strategystocks.co.uk/milan-stock-exchange-italian-index.html Milan Stock Exchange: The Italian Index ]"