ITALY: Borsa Italiania Publishes Amendments to Post Trade Transparency Rules

Tuesday May 22 2018

News Source: Global Exchanges

Focus: Trading Rules

Type: General

Country: Italy

Link: http://www.borsaitaliana.it/borsaitaliana/regolamenti/avvisi/avvisialregolamentodeimercatiealleistruzioni.en.htm

On 22^nd May 2018, Borsa Italiania Amended its Rules on Post Trade Transparency and Market Making (Translated from Italian).

The changes will obligate Market Makers to strictly adhere to their roles as liquidity providers, they will be required to take into account the actual composition of the trading book.

The effect of the changes means that at the end of the trading session on 25^th May 2018, all outstanding orders on the IDEM market will be automatically cancelled.

Italian Regulator Consob approved the amendments on 18^th May 2018. These changes will take effect 25^th June , 2018.

For additional information please click the link above.