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Screenshot of a breaking news alert e-mail from Q2 2017
Starting from today 11 July 2016, the segment ‘Borsa Italiana Global Equity Market’ is part of the new market ‘Borsa Italiana Equity MTF’, including the After-Hours segment as well. A multilateral trading facility (MTF) is a European regulatory term for a non-exchange financial trading venue.
The new segment is dedicated to trading of shares already available on other EU and OECD regulated markets, and allows for trading of 66 international shares with the same market microstructure of the former ‘MTA International’ segment.
The order book liquidity for the new segment is provided by two Specialists, Banca IMI and ICF Bank.
Salvatore Capasso, Head of Equity Delta1 Products at Banca IMI, commented:
“We are in favor and support this initiative, as it is expanding the range of trading opportunities particularly to retail investors that will have the possibility to take exposure on most liquid European shares in an efficient and cost-effective way. It’s our intention to continue to be in first line as Specialist also in the new Borsa Italiana Global Equity Market segment”.
Patricia Weisbecker, Head of Market Making Department at ICF Bank, added:
“With this initiative, Borsa Italiana is now offering an attractive market segment. We see good opportunities in an established brand segment to attract new investors to push forward our international growth. Our clear objective in the market is to develop the product range to generate new order flow for Borsa Italiana”.
Trading fees for Borsa Italiana Global Equity Market segment will be waived till 31 December 2016.
Borsa Italiana equity markets reached new record highs in terms of liquidity in H1 2016, leveraging on market and product innovation.