Borsa Italiana
| Borsa Italiana SpA
|
|
|---|---|
 |
|
| legal form | Società per Azioni |
| founding | 1808 |
| Seat |
Milan , Italy
|
| management |
|
| Branch | Exchanges |
| Website | www.borsaitaliana.it |
The Borsa Italiana , based in Milan, is the only stock exchange in Italy and is part of the London Stock Exchange .
The Milan Stock Exchange is located in the Palazzo Mezzanotte in Piazza Affari . The stock exchange is colloquially called Piazza Affari after its seat .
history
The establishment of the Milan Stock Exchange goes back to the 1808 decree issued by Viceroy Eugène de Beauharnais , with which the Borsa di Commercio di Milano was founded. The first day of trading was February 15, 1808. The stock exchange initially had a provisional seat at Monte di Pietà and then at the Piazza dei Tribunali . On September 29, 1808 she moved into the Palazzo Giureconsulti , where she stayed for almost 100 years. After she had been staying at the Ridotto del Teatro alla Scala between 1887 and 1890 for renovation work and had resided in a building on Piazza Cordusio (today Poste Italiane ) since 1901, she moved into the one built in 1929 by the architect Paolo Mezzanotte (1878-1969) in 1932 Palazzo Mezzanotte , with its clearly fascist architecture features ( travertine tiling, block-like architectural elements and architectural sculpture in "heroic" nudity) at Piazza degli Affari ( "place of business") to where the market is today. Since 2010, the sculpture LOVE by the artist Maurizio Cattelan has been counteracting the fascist levels of meaning directly in front of the building by cutting off all the fingers except for the outstretched middle finger with a hand extended in Roman salute .
In 1994, trade in Milan was computerized (mercato telematico) .
In contrast to the Anglo-Saxon stock exchanges, which emerged from the merger of private market participants, the Italian stock exchanges remained state-owned until 1997. In 1996 the legal basis for the privatization of the stock exchanges was created. On February 7, 1997, the joint-stock company Borsa Italiana SpA was founded. The nine regional stock exchanges in Bologna , Florence , Genoa , Naples , Palermo , Rome , Trieste ( continues as a commodity exchange ), Turin and Venice were closed and securities trading on the Borsa Italiana in Milan concentrated. The latter was almost entirely owned by the Italian banks until the merger with the London Stock Exchange in mid-2007, but was independent in its operational activities.
In June 2007, Borsa Italiana SpA and the London Stock Exchange (LSE) announced their merger, which was completed on October 1, 2007 at a takeover price of 1.878 billion euros. The transaction took place by means of a share swap , with which the LSE took control of Borsa Italiana SpA and its previous shareholders have meanwhile become the largest group of shareholders on the London Stock Exchange . The LSE has four of the twelve seats on the supervisory board of Borsa Italiana SpA , while the eleven members of the LSE have five supervisory board members appointed by Borsa Italiana SpA .
Company profile
The Borsa Italiana SpA is responsible for the organization, management and operation of the Italian securities trading. The company is also the parent company of five other companies specializing in various areas of business related to securities trading. The previous organizational structure is subject to a number of changes as a result of the merger with the London Stock Exchange (LSE) in October 2007 through various integration projects.
Trading is divided into five product segments: shares , securitized derivatives , exchange-traded funds (ETF) and ETC, bonds and equity derivatives . These are in turn subdivided into their own sub-segments. In all segments, trading takes place largely via fully automated trading systems. The trading hours vary depending on the segment. For the main segments, they are based on the usual trading hours of the other European stock exchanges (from 9:00 a.m. to 5:30 p.m.).
The Cassa di compensazione e Garanzia (CC & G) is the Italian clearing house and subsidiary of Borsa Italiana .
See also
- Commissione Nazionale per le Società e la Borsa (CONSOB) (stock exchange supervision)
- FTSE MIB (stock index)
- FTSE Italia Mid Cap (share index)
literature
- CONSOB : Dall'Unità ai giorni nostri: 150 anni di borsa in Italia. Pubblicazione a cura di Consob. Spedim, Montecompatri 2011.
Web links
- Borsa Italiana website (Italian, English)
Individual evidence
- ↑ borsaitaliana.it - Organi sociali e Libro soci
- ↑ Sabrina Michielli, Hannes Obermair (Red.): BZ '18 –'45: one monument, one city, two dictatorships. Accompanying volume for the documentation exhibition in the Bolzano Victory Monument . Folio Verlag, Vienna-Bozen 2016, ISBN 978-3-85256-713-6 , p. 38–39 (with ill.) .
- ↑ La Borsa Valori di Milano: la sua storia. soldionline.it
Coordinates: 45 ° 27 '54.6 " N , 9 ° 10' 59.8" E