Monday June 11 2018

News Source: Global Exchanges

Focus: Trading Rules

Type: General




Borsa Italiania is set to introduce new Market Rules on 25th June 2018. These rules will govern issues concerning Tradeable Instruments, Clearing Guarantee and Settlement on the exchange.

The new rules take into account MIFID II requirement under Title 4.4 Specialists And Mifid 2 Market Makers.

  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.
  2. For the financial instruments whose liquidity it undertakes to support, the specialist is required to display continuously bid and offers in compliance with the obligations established by Borsa Italiana in the Instructions.
  3. The presence of specialist shall be 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 ETFs. states:

For additional information please click the link above.