The Borsa Italiana S.p. A., based in Milan, is Italy's main stock exchange. It was founded in 1997 following the privatisation of the exchange and has been operational since January 2, 1998. The Borsa Italiana's primary objective is the development of managed markets, maximising their liquidity, transparency and competitiveness and at the same time pursuing high levels of efficiency and profitability. NYSE Group and Euronext, which are merging to form NYSE Euronext, wish to acquire Borsa Italiana.^[1] Milan (Italian: ; Lombard: Milán (listen)) is one of the biggest cities in Italy, located in the plains of Lombardy. ... January 2 is the second day of the year in the Gregorian calendar. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean [1]. // Coated in ice, power and telephone lines sag and often break, resulting in power outages. ... NYSE Group, Inc. ... Euronext N.V. is a pan-European stock exchange with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ... NYSE Group, Inc. ...

Capitalisation of the securities listed: $ 890 billion (2005)

Operations

Borsa Italiana has managing responsibility for Italy's derivatives markets (IDEM and MIF) and its fixed income market (MOT). On the MOT (Electronic Government Bond and Securities Market), buy and sell contracts are traded on government securities and nonconvertible bonds; the EuroMOT is the Euro-Bond Electronic Market that trades Eurobonds, bonds from foreign issuers and asset-backed securities. In mathematics, the derivative of a function is one of the two central concepts of calculus. ... Fixed income refers to any type of investment that yields a regular (fixed) payment. ... Securities are tradeable interests representing financial value. ... In finance, a bond is a debt security, in which the issuer owes the holders a debt and is obliged to repay the principal and interest (the coupon) at a later date, termed maturity. ...

Structure

Borsa Italiana organises and manages the Italian stock market with the participation of nearly 130 domestic and international brokers who operate in Italy or from abroad through remote membership, using a completely electronic trading system for the real-time execution of trades. In addition, it performs organisational, commercial and promotional activities aimed at developing high value-added services for the financial community.

The stock market is divided into five parts. The electronic share market (MTA) trades Italian shares, convertible bonds, and warrants; the covered warrants market is an electronic share market. The STAR (Segment for High Requirement Shares) market is within the MTA and includes companies capitalized from 40 million to 100 million Euro that are already listed and traded in more traditional sectors. Nuovo Mercato is dedicated to innnovation-driven companies. Stocks, bonds, warrants, and options not admitted to the official exchange are traded on Mercato Ristretto. Premi Market is for premium contracts on stock exchange products. The after hours market enables trading of financial instruments after the daytime session closes. The borsa's main indices are the MIB and the MIBTEL, based on the prices of all listed shares, and the MIB 30 Index, a capitalization-weighted index based on a sample of the 30 most liquid and highly capitalized shares on the Italian stock market. The stocks are a device used since medieval times for public humiliation, corporal punishment, and torture. ... In finance, a bond is a debt security, in which the issuer owes the holders a debt and is obliged to repay the principal and interest (the coupon) at a later date, termed maturity. ... For other uses of the term Warrant, see Warrant (disambiguation) A warrant is a security that entitles the holder to buy or sell a certain additional quantity of an underlying security. ... In finance, an option is a contract whereby the contract buyer has a right to exercise a feature of the contract (the option) at future date (the exercise date), and the writer (seller) has the obligation to honour the specified feature of the contract. ...

Some Companies Listed on the Borsa Italiana

• A.S. Roma S.p.A.
• Alitalia
• Autogrill S.p.A.
• Benetton Group S.p.A.
• Brembo
• DeLonghi S.p.A.
• Ducati Motor Holding S.p.A.
• Enel S.p.A.
• Fiat S.p.A.
• Finmeccanica S.p.A.
• Juventus F.C. S.p.A.
• Luxottica Group S.p.A.
• Olidata S.p.A.
• Parmalat S.p.A.
• Piaggio
• Pininfarina
• Pirelli & C. S.p.A.
• STMicroelectronics
• Telecom Italia S.p.A.
• Tiscali S.p.A.
• UniCredit
• Valentino Fashion Group S.p.A.

Associazione Sportiva Roma (ISE: IT0001008876) is an Italian professional football club and one of the major teams in Serie A, the Italian top flight. ... Alitalia (ISE: IT0003331888) (Linee Aeree Italiane) (IATA: AZ, ICAO: AZA, and Callsign: Alitalia) is the national airline of Italy. ... Benetton Group S.p. ... Brembo Logo Brembo is a manufacturer of automotive brake systems, especially for high-performance cars and motorcycles. ... DeLonghi Group, or DeLonghi S.p. ... Ducati Motor Holding (NYSE: DMH) is an Italian motorcycle manufacturer located in Bologna. ... Enel (Ente Nazionale per lenergia ELettrica) {ISE: IT0003128367) is an Italian energy provider and the third largest energy provider in the world. ... Fiat Grande Punto Fiat Group, or Fiat S.p. ... Finmeccanica is Italys second largest industrial group. ... Juventus Football Club (Latin for Youth, pronounced yoo-VEHN-toos) is one of Italys oldest and most successful football clubs, based in Turin. ... Luxottica Group S.p. ... Parmalat logo. ... Piaggio is a company based in Italy that produces automobiles, motorcycles and scooters, such as: Piaggio APE 3-wheel submicro pickups. ... Pininfarina logo. ... Pirelli Logo Pirelli & C. SpA is an important industrial company based in Milan, Italy. ... STMicroelectronics is an international leading supplier of semiconductors. ... Telecom Italia is a formerly partially state-owned Italian telco. ... Tiscali SpA (ISE: IT0001453924) is a European telecommunications company, based in Cagliari, Italy, and provides internet and telecommunications services to Italy, Germany, The Netherlands, the United Kingdom and the Czech Republic. ... UniCredito Italiano SpA, UniCredit, UniCredit Group is an Italian, Milan- based pan- European Bank which operates in 19 countries with 28 million customers through 7,000 branches employing 140,000 people. ... Valentino is a fashion house created by Valentino Garavani, among the most famous Italian fashion designers today. ...

External links

• Official site.

See also

• List of stock exchanges

This is a list of stock exchanges. ...

Notes and references