Milan Stock Exchange
The Milan Stock Exchange, or the "Borsa Italiana S.p. A.," was founded in 1808. In 1998, the exchange was acquired by an S.p. A. holding company. The Milan Stock Exchange was later taken over by the London Stock Market in 2007. The Milan Stock Exchange is located in Milan, Italy and is the largest stock exchange in the country. The total capitalisation of the companies listed on the Milan Stock Exchange was recorded at US$ 890 billion in 2005. The aim of the Milan Stock Exchange is to regulate and monitor the stock market to allow for transparency, competition, efficiency, profitability and maximised liquidity.
The two most commonly used stock market indices are the S&P/MIB Index and the MIBTEL Index. Other indices used for the Milan Stock Exchange include ALL STARS, MIDEX and MIB30. Some of the markets regulated and monitored by the Milan Stock Exchange include the Italian equities and derivatives markets, the electronic markets and the After Hours Market. The After Hours Market allows transactions between 6:00 pm and 8:30 pm. There are other markets included in the Milan Stock Exchange. The trading hours for each market differs depending on the market and market classes. The BIt Services (Borsa Italiana) offers many services geared towards maximising the efficiency of the Milan Stock Exchange and the stock market in general.
