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La Bolsa Italiana ( Borsa Italiana SpA ), con sede en Milán , es la bolsa de valores de Italia . Gestiona y organiza el mercado nacional, regulando los procedimientos de admisión y cotización de empresas e intermediarios y supervisando las divulgaciones de las sociedades cotizadas. [3]

Tras la privatización de la bolsa en 1997, la Bolsa italiana se estableció y entró en vigor el 2 de enero de 1998. [4] El 23 de junio de 2007, la Bolsa italiana se convirtió en una subsidiaria del London Stock Exchange Group . [5] Esto cambió el 9 de octubre de 2020, cuando se acordó un acuerdo de 4.300 millones de euros entre el London Stock Exchange Group y el grupo paneuropeo de bolsa Euronext [6] . La adquisición de Euronext de la Bolsa italiana se completó el 29 de abril de 2021.

Borsa Italiana también se conoce informalmente como Piazza Affari ("Plaza de los Negocios"), después de la plaza de la ciudad de Milán donde se encuentra su sede (el edificio Palazzo Mezzanotte ).

Borsa Italiana is chaired by Andrea Sironi, and Raffaele Jerusalmi is the CEO. They are both directors of the London Stock Exchange Group.[7]

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. In 2015, overall capitalisation for listed companies on Borsa Italiana was worth €567.2 billion, representing 34.8% of Italian GDP.[8]

History[edit]

Bourse palace in Venice, decorated with the caduceus coat of arms, representing commerce

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.[9] It operated under public ownership until 1998, when it was privatized.[10]In 1997, all the Italian stocks were merged. Before this year, other smaller stocks exchanges 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 grida (A,B,C) was abolished. In Milan were also the currencies exchange rates fixing and the commodities fixing.[11]

On 1 October 2007, Borsa Italiana was merged with the London Stock Exchange in an all-share takeover,[12] 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.[13]

On 18 September 2020, the London Stock Exchange Group entered into exclusive talks to sell the Italian Bourse to Euronext.[14]

Operations[edit]

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 fully electronic trading system. Among its leading tasks, Borsa Italiana supervises listed companies, defining rules for admission and listings and supervising transaction activities.[15]

Trading hours[edit]

The exchange has pre-market sessions from 08:00am to 09:00am, normal trading sessions from 09:00am to 05:30pm and post-market sessions from 06:00pm to 08:30pm on all days of the week except Saturdays, Sundays, and holidays declared by the Exchange in advance.[16]

Markets[edit]

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;[17]
  • AIM Italia, which collects stocks by small and medium high-growth companies;[18]
  • MIV (Market For Investment Vehicles), on which retail and professional investors operates on investment vehicles which have a defined strategic vision;[19]

Borsa Italiana also include markets for derivatives (IDEM),[20] ETF (ETFPlus) and bonds (MOT).[21]

Indices[edit]

Borsa Italiana's main indices are:[22]

  • 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[23]
  • FTSE Italia Mid Cap
  • FTSE Italia Small Cap
  • FTSE AIM Italia
  • AIM Italia Investable

Listed companies[edit]

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

See also[edit]

  • List of stock exchanges
  • Economy of Italy

References[edit]

Notes

  1. ^ ansa.it, "[1]"
  2. ^ "Borsa in tempo reale - Listino completo - Milanofinanza.it". www.milanofinanza.it. Retrieved 4 April 2018.
  3. ^ italy24.ilsole4ore.com, "Borsa Italiana"
  4. ^ source sense.com, "Borsa Italiana"
  5. ^ news.bbc.co.uk, "London Stock Exchange Buys Borsa"
  6. ^ "Lse vende Borsa Italiana ad Euronext per 4,32 miliardi". Il Sole 24 ORE (in Italian). Retrieved 2020-10-26.
  7. ^ lseg.com, "Board"
  8. ^ borsaitaliana.it, "2015 Highlights"
  9. ^ http://www.historytour.it, "History Tour – Borsa Italiana Archived 2012-03-05 at the Wayback Machine"
  10. ^ "Historical Stages". Borsa Italiana.[dead link]
  11. ^ "24 dicembre 1802: viene istituita la Borsa Valori di Roma -". parmadaily.it. 24 December 2016. Retrieved 4 April 2018.
  12. ^ "I Principali Indici di Borsa Italiana dopo la fusione con la Borsa di Londra". toptrading.org. 21 January 2020.
  13. ^ competitionpolicyinternational.com, "EU: LSE and Deutsche Börse officially announce merger"
  14. ^ businessinsider.com/lse-engages-euronext-in-exclusive-borsa-italiana-talks-2020-9?r=US&IR=T
  15. ^ borsaitaliana.it, "EU: LSE and Deutsche Börse officially announce merger[permanent dead link]"
  16. ^ Market Hours, Italian Stock Exchange via Wikinvest
  17. ^ lseg.com, "MTA "
  18. ^ lseg.com, "AIM Italia"
  19. ^ lseg.com, "MIV: Trading "
  20. ^ lseg.com, 'IDEM Equity "
  21. ^ lseg.com, "MOT "
  22. ^ borsaitaliana.it, "Gli indici"
  23. ^ strategystocks.co.uk, "Milan Stock Exchange: The Italian Index "

External links[edit]

  • Official website