Type | Stock exchange |
---|---|
Location | Milan, Italy |
Founded | 1808 |
Owner | Euronext [1] |
Key people | Claudia Parzani (chairperson) Fabrizio Testa (CEO) |
Currency | EUR |
No. of listings | 353 |
Market cap | €2.37 trillion ($2.96 trillion) (2017) [2] |
Volume | €609 billion |
Indices | FTSE MIB FTSE Italia All-Share FTSE Italia Mid Cap FTSE Italia Small Cap FTSE AIM Italia |
Website | www |
Borsa Italiana, based in Milan at Mezzanotte Palace, is the Italian stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies. [3]
Following exchange privatisation in 1997, the Italian Bourse was established and became effective on 2 January 1998. [4] On 23 June 2007, the Italian Bourse became a subsidiary of the London Stock Exchange Group. [5] This changed on 9 October 2020, when a €4.3 billion deal was agreed between the London Stock Exchange Group and pan-European stock exchange group Euronext. [6] 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. [7]
Borsa Italiana is also informally known as Piazza Affari (lit. 'Business Square'), after the city square of Milan where its headquarters (the Palazzo Mezzanotte building) is located.
Borsa Italiana is chaired by Claudia Parzani, and Fabrizio Testa is the CEO. [8]
Borsa Italiana is regulated by the Commissione Nazionale per le Società e la Borsa (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. [9]
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. [10] 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. [11] 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. [12]
On 1 October 2007, Borsa Italiana was merged with the London Stock Exchange in an all-share takeover, [13] 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. [14]
On 18 September 2020, the London Stock Exchange Group entered into exclusive talks to sell the Italian Bourse to Euronext. [15] 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. [16] 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. [17]
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. [18]
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. [19]
Major trading markets for Borsa Italiana are:
Borsa Italiana also include markets for derivatives (IDEM), [23] ETF (ETFPlus) and bonds (MOT). [24]
Borsa Italiana's main indices are: [25]
For a full list see Category:Companies listed on the Borsa Italiana.
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. As of August 2023, the total market value of all companies trading on the LSE stood at $3.18 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group. The LSE is the most-valued stock exchange in Europe as of 2023. According to the 2020 Office for National Statistics report, approximately 12% of UK-resident individuals reported having investments in stocks and shares. According to the 2020 Financial Conduct Authority (FCA) report, approximately 15% of UK adults reported having investments in stocks and shares.
Euronext N.V. is a pan-European bourse that provides trading and post-trade services for a range of financial instruments.
The Frankfurt Stock Exchange is the world's 3rd oldest and 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm.
TIM S.p.A. is an Italian telecommunications company with headquarters in Rome, Milan, and Naples, which provides fixed telephony and DSL data services.
Bourse may refer to:
Shares outstanding are all the shares of a corporation that have been authorized, issued and purchased by investors and are held by them. They are distinguished from treasury shares, which are shares held by the corporation itself, thus representing no exercisable rights. Shares outstanding and treasury shares together amount to the number of issued shares.
Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange, the Philadelphia Stock Exchange, and the Boston Stock Exchange, and seven European stock exchanges: Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, and Nasdaq Vilnius. It is headquartered in New York City, and its president and chief executive officer is Adena Friedman.
Deutsche Börse AG, or the Deutsche Börse Group, is a German multinational corporation that offers a marketplace for organizing the trading of shares and other securities. It is also a transaction services provider, giving companies and investors access to global capital markets. It is a joint stock company and was founded in 1992, with headquarters in Frankfurt. On 1 October 2014, Deutsche Börse AG became the 14th announced member of the United Nations Sustainable Stock Exchanges initiative.
The FTSE MIB is the benchmark stock market index for the Borsa Italiana, the Italian national stock exchange, which superseded the MIB-30 in September 2004. The index consists of the 40 most-traded stock classes on the exchange. The index was administered by Standard & Poor's from its inception until June 2009, when this responsibility was passed to FTSE Group, which is 100% owned by the Borsa Italiana's parent company London Stock Exchange Group.
Turquoise is an equities trading platform, created by nine major investment banks in 2008. The aim was to provide dealing services at a 50% discount to traditional exchanges. It is a hybrid system that allows trading both on and off traditional exchanges. The system was advertised as a "pan-European platform based in London".
London Stock Exchange Group plc is a United Kingdom-based stock exchange and financial information company headquartered in the City of London, England. It owns the London Stock Exchange, Refinitiv, LSEG Technology, FTSE Russell, and majority stakes in LCH and Tradeweb.
A2A S.p.A. is an Italian company, organised as a società per azioni, that generates, distributes, and markets renewable energy, electricity, gas, integrated water supply, and waste management services. The company has significant presence in the North of Italy, energy production facilities in Italy and Greece.
The FTSE Italia Mid Cap is a stock market index for the Borsa Italiana, the main stock exchange of Italy. It is one of the indices in the FTSE Italia Index Series.
Palazzo Mezzanotte, also known as Palazzo delle Borse is a 20th-century building of Milan, Italy, and the seat of the Italian stock exchange. It is located in Piazza Affari, the city square after which the Italian stock exchange itself is nicknamed. The name "Palazzo Mezzanotte" is a reference to Paolo Mezzanotte, the architect who designed the building.
MillenniumIT ESP is a Sri Lankan information technology company that provides enterprise solutions with a portfolio that includes stock exchange systems, infrastructure platforms, cyber security systems, managed services, automation, and cloud services. Headquartered in Colombo, Sri Lanka, MIT ESP also offers industry-specific solutions tailored for banking and finance, telecommunications, government, manufacturing and retail, and commercial sectors.
Raffaele Jerusalmi is an Italian executive and CEO of Borsa Italiana S.p.A.
Credito Valtellinese was an Italian bank based in Sondrio prior to its acquisition by Crédit Agricole Italia in 2021. The company was a former component of FTSE Italia Mid Cap Index of the Borsa Italiana, but was removed and added as a component of FTSE Italia Small Cap Index in May 2017; the bank was added back to the reserve list of FTSE Italia Mid Cap in August 2017.
Infrastrutture Wireless Italiane S.p.A. or, in abbreviated form, INWIT S.p.A., is an Italian joint-stock company headquartered in Milan, which operates in the wireless network infrastructure sector.
The Genoa Stock Exchange was one of the ten Italian stock exchanges active until 1997, when they were unified into the Italian Stock Exchange.
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