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Trading on AIM Italia take place according to auctions and continuous trading.

The trading phases are:

  • Opening auction, divided into two phases: the determination of the theoretical opening auction’s price (pre-opening auction) and the contracts’ conclusion (opening)
  • Continuous trading
  • Closing auction, divided into two phases: the determination of the theoretical closing auction’s price (pre-closing auction) and the contracts’ conclusion (closing)

Trading hours:


AIM Italia

8:00 – 9.00
(9.00.00 – 9.00.59)

9:05 – 17:25

17:25 – 17:30
(17.30.00 – 17.30.59)

Opening Auction
(pre-opening auction, validation and opening, contract’s conclisioni)

Continuous trading

Closing Auction
(pre-opening auction, validation and closure, contract’s conclisioni)

The pre-opening auction can be considered closed within the last minute of the phases. The continuous trading begins at the end of the opening auction.

Click here to download AIM Italia Trading Manual.


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