The Italian Stock Exchange, also known as Borsa Italiana or the Milan Stock Exchange (Piazza Affari), is the primary stock exchange in Italy. It is located in Milan, the country's financial center. The exchange was established in 1808, making it one of the oldest stock exchanges in Europe.
Borsa Italiana facilitates the trading of stocks, bonds, derivatives, and other financial instruments. It serves as a marketplace where companies can raise capital by issuing shares to the public, and where investors can buy and sell those shares. The exchange plays a significant role in the Italian economy by providing a platform for capital formation, investment opportunities, and price discovery.
In 2007, Borsa Italiana was acquired by the London Stock Exchange Group (LSEG), creating one of the largest exchange groups in Europe. Borsa Italiana operates under a transparent and regulated framework to ensure fair and efficient market operations for all participants.
The primary index of the Italian Stock Exchange is the FTSE MIB (Milano Italia Borsa). The FTSE MIB index consists of the 40 largest and most liquid companies listed on the Borsa Italiana, representing a wide range of industries. The index is used as a barometer for the overall performance of the Italian stock market and is a popular investment benchmark for both domestic and international investors.
In addition to the FTSE MIB, Borsa Italiana also has other indices, such as the FTSE Italia Mid Cap and FTSE Italia Small Cap, which represent different segments of the market based on market capitalization and trading volume.
Some prominent Italian companies listed on the Borsa Italiana include ENI (energy), Fiat Chrysler Automobiles (automotive), Intesa Sanpaolo (banking), UniCredit (banking), and Luxottica (luxury eyewear).
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