Tuesday January 9 2018
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: Italy
Link: http://www.borsaitaliana.it/borsaitaliana/regolamenti/regolamenti/rules03012018.en_pdf.htm
On 3rd January 2017, Borsa Italiana introduced New Market Rules which comply with the MIFID II obligations. The Market Rules regulate how trading is to be carried out on the Borsa Italia Market.
One particular change that has been incorporated is the definition of Specialists and MIFID II Market Makers:
Under Article 4.4.1
Specialists are intermediaries admitted to trading which require to Borsa Italiana such qualification and undertake to support the liquidity of the financial instruments for which they act as specialist.
The presence of specialist is mandatory in the following markets and/or the segments:
- a) MTA market, STAR segment;
- b) MIV market, with the exception of the Professional Segment;
- c) ETFplus market, except for the open-end CIUs segment other than
For additional information please click the link above.