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Milan Stock Exchange (Borsa Italiana)

posted onJune 22, 2019

Τhe Milan Stock Exchange (Borsa di commercio di Milano) was established by Eugène de Beauharnais, through vice-royal decrees dated 16 January and 6 February 1808 in Milan, which at that time was the capital of the Kingdom of Italy under the government of Napoleon I. 

Founded in the same years as the Napoleonic Code of Civil Rights and Trade, it operated under public ownership until 1998, when it was privatised. Borsa Italiana S.p.A. has been founded after the privatisation of the exchange and has been operational since January 2nd, 1998.

The company, founded in 1997, is responsible for the organisation and functioning of the Italian financial markets. The main objective is to ensure the development of its markets, maximising their liquidity, transparency and competitiveness while pursuing high levels of efficiency.

Borsa Italiana is now part of  London Stock Exchange Group, one of  the main market in Europe for equities, bonds and derivatives exchanges, following the merger effective October 1, 2007. Its current structure configures Borsa Italiana as a market management body operating with autonomy and flexibility. 

Borsa Italiana organises and manages the Italian stock market with the participation of domestic and international brokers who operate in Italy or from abroad through remote membership, using a fully electronic trading system for the real-time execution of trades. 

The FTSE MIB (Milano Indice di Borsa) is the benchmark stock market index for the Borsa Italiana. The index consists of the 40 most-traded stock classes on the exchange. 

Borsa Italiana is also informally known as Piazza Affari ("Business Square"), after the city square of Milan where  its historical headquarters (the Palazzo Mezzanotte building) is located. 

Borsa Italiana CEO

Key people:
Raffaele Jerusalmi   (CEO)
Mr Jerusalmi joined Borsa Italiana, in 1998 and is the Chief Executive Officer as of April 1st 2010. He also serves as Director of Capital Markets of the London Stock Exchange Group (LSEG). He is skilled in Equity Research, Investor Relations, Banking, Volatility, and Foreign Exchange (FX) Options.

Phone: +39 02 724261 
Address: Piazza degli Affari, 6, 20123 Milan, Italy