The Italian Bourse (Borsa Italiana S.p.A.), based in Milan, is Italy's stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.[3] Borsa Italiana is also informally known as Piazza Affari ("Business Square"), after the city square of Milan where its headquarters (the Palazzo Mezzanotte building) is located.
History
The Borsa di commercio di Milano (Milan Stock Exchange) was established by Eugène de Beauharnais, viceroy of the Napoleonic Kingdom of Italy, through decrees dated 16 January and 6 February 1808.[4] It operated under public ownership until 1998, when it was privatized.[5] In 1997, all the Italian stocks were merged.[6] Before this year, other smaller stocks exchanges based in Naples, Turin, Trieste, Venice, Genoa, Florence, Bologna, Rome, and Palermo. In 1991, the electronic exchanges were approved, and in 1994, the market with grida (A,B,C) was abolished. In Milan were also the currencies exchange rates fixing and the commodities fixing.
Bourse palace in Venice, decorated with the caduceus coat of arms, representing commerce
