Borsa Italiana information and trivia

Borsa Italiana

Milan Stock Exchange

Borsa Italiana S.p.A., is responsible for the organisation and management of the Italian stock exchange. The Company, founded in 1997 following the privatisation of the exchange and operational since 2nd January, 1998. It 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.

The exchange is responsible for:

defining and organising the functioning of the markets;
defining the rules and procedures for admission and listing on the market for issuing companies and brokers;
managing and overseeing the market;
supervisioning the listed companies' disclosure.
The Borsa Italiana's primary objective is to ensure the development of the managed markets, maximising their liquidity, transparency and competitiveness and at the same time pursuing high levels of efficiency and profitability.

The Borsa Italiana shareholders count issuing companies as well as domestic and international intermediaries including the most important Italian banks. Its current privatised structure configures Borsa Italiana as a market management body endowed with operational autonomy and flexibility. Among the principles that enshrine this structure, fundamental are the entrepreneurial character of the market organisation and management activities and the separation of the responsibility for supervision (Consob and Banca d'Italia) from that of regulation and market management.

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.
BIt Systems S.p.A., the technological company of the Group, founded in 2001 as a joint venture between Borsa Italiana S.p.A. (65%) and SIA S.p.A. (35%), is responsible for the management, maintenance and development of the Group's information systems. It also provides Project Management and Systems Integration services to private and public operators, financial institutions and to the exchange industry, for the development and management of applications.
As from March 2004 Borsa Italiana has acquired 100% of BIt Systems.
Piazza Affari Gestione & Servizi S.p.A. (PAGS), established in 2000 and entirely controlled by Borsa Italiana, provides facility and property management for Palazzo Mezzanotte and its Congress & Training Centre.

Address

Piazza degli Affari, 6
20123 Milan
Phone +39 02 724261
Fax +39 02 72004333
Email info@borsaitaliana.it

http://www.borsaitalia.it/ the website contains numerous information such as on Quotes Documents Product & Services About us Borsa Italiana Borsa Italiana Group Markets Events, and info on when the stock exchange opens. So one can watch the clock tick tock.

CONSOB - Commissione Nazionale per le Società e la Borsa. The Stock exchange regulator

www.consob.it/

Trivia

In 2005 Four overseas banks and an Italian management firm got accused by investigators of helping dairy firm Parmalat mislead the market.

In 2001 The news of the resignation Sven Goran Eriksson as boss of Lazio in, to take over at England in 2001 was confirmed and publically declared first on the Italian Stock Exchange - and the Football Association moved swiftly to confirm a take over as England coach with almost immediate effect.

In 2002 An Italian consumers group, Adusbef, was also leading an attempt to sue Italian banks to pay back 140m euros of Argentine debt to 4,000 investors. It claimed the banks sold the bonds but failed to inform investors about risks. A complaint was expected to be filed with the Italian government and Consob, the Italian stock exchange regulator, to push for an investigation of the banks and financial agencies which sold the bonds.

In 2006 the Italian Football Federation (FIGC) was placed under administration in a response to the match-fixing scandal that stunned the country.
Former senator Guido Rossi was named on as "extraordinary commissioner" of the beleaguered governing body. The 75-year-old Rossi was expected to introduce a raft of new legislation to clean up Italian football's reputation. Four teams, including champions Juventus, are under investigation for match-fixing and illegal betting. Rossi, a sports law expert, was previously in charge of the Italian stock market's regulator Consob.

In Germany a website set up a soccer website and named it a sock exchange.

Milan (Italian: Milano; Milanese: Milán) is the main city of northern Italy, and is located in the plains of Lombardy, the most populated and developed region in Italy. The city proper has about 1,308,500 inhabitants (2004), but the population of the urban area (La Grande Milano, Greater Milan) is 4,280,820 people (2006 estimate).

Terms for Milan in different nations

Spain = Milano

Latin = Mediolanum

Links on websites on subject

http://www.ise.ie/index.asp The home page of Irish stock exchange

http://www.nasdaq.com/ The homepage of the stock exchange

http://www.cityequities.com/
http://www.moneyweek.com

government_bond information

An Index of web pages on the subject of shares, stocks, FOREX and Finance.

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An Index of web pages on the subject of shares, stocks, FOREX and Finance.

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