borsaitaliana
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Table of Contents
Borsa Italiana
The primary Italian equities exchange, the Borsa Italiana is a member of the London Stock Exchange Group.
Homepage
Currency: Euro (EUR)
Trading Hours & Calendar
Trading Summary
Borsa Italiana uses the Millenium IT platform for its equity cash markets.
Lit Order-types
- Limit Buy/Sell (DAY/IOC)
- Market Buy/Sell (DAY)
Available ATS
Basic Market Rules
- Lot Size is 1 share
- Tick Size varies by price, for most securities as below, further details can be found in the MilleniumIT Business Rules here.
| Price Range | Tick Size |
|---|---|
| 0.0001 to 0.5 | 0.0001 |
| 0.5 to 1 | 0.0005 |
| 1 to 2 | 0.001 |
| 2 to 5 | 0.002 |
| 5 to 10 | 0.005 |
| 10 to 50 | 0.01 |
| 50 to 100 | 0.05 |
| 100 to 500 | 0.1 |
| 500 to 1000 | 0.5 |
| 1000 to 5000 | 1 |
| 5000 to 10000 | 5 |
| 10000 to 20000 | 10 |
| 20000 to 30000 | 20 |
| 30000 to 40000 | 30 |
| 40000 to 50000 | 40 |
| 50000 to 60000 | 50 |
| 60000 to 70000 | 60 |
| 70000 to 80000 | 70 |
| 80000 to 90000 | 80 |
| 90000 to 100000 | 90 |
| 100000 to 10000000 | 100 |
- Short Sale Rules: Naked short selling is prohibited, a locate/borrow must be in place.
- Circuit Breakers: Borsa Italiana does have automatic controls on trading in place as described in the brochure found here.
Auction Mechanisms
Borsa Italiana has both Opening and Closing auctions. The details on the different phases, which vary by market segment, can be found in the Millenium Exchange business parameters.
Open
Close
Additional Info
See Also
References
borsaitaliana.1374513140.txt.gz · Last modified: 2017/03/14 12:33 (external edit)