MTA
MTA is the Italian Market where shares, convertible bonds, warrants and option rights are traded. It is dedicated to mid and large size companies that meet the best international standards.
MTA supports companies in raising domestic and international financing from institutional and professional investors on one side and from retail investors on other side, and it has always registered high liquidity performances.
Companies are admitted to MTA on the basis of both formal and substantial requirements.
Among the formal requirements, a capitalisation of at least of 40 million and a free float of at least of 25% (35% in the case of STAR companies) are required.
The substantial requirements also include having a sound and clear strategy, a good competitive advantage, a balanced financial structure, the management autonomy and all of the aspects which contribute to improving the company’s ability to create value for the investors.
The adoption of the Codice di Autodisciplina (Corporate Governance Code) is recommended to all companies listed on MTA on a “comply or explain” basis. STAR companies are requested to comply with specific governance requirements.
As of 31 March 2010, there are 270 companies listed on MTA, with a total capitalisation of 458 billion euro.
See below for the updated list of the companies listed on MTA.
MTA (together with MIV) is represented by the following indices:
- FTSE Italia All Shares
- FTSE MIB, FTSE Italia Mid Cap, FTSE Italia Small Cap, FTSE Italia Micro Cap
- Sectorial indices
- FTSE Italia STAR, which only represents companies belonging to STAR
The FTSE Italia Index Series was created to represent the performance of Italian companies listed on MTA in order to supply investors with a complete and complementary set of indices which measure the performance of the main market segments and industrial sectors of the Italian market.
Index |
Description |
FTSE MIB |
The index consists of the 40 most liquid and capitalised shares of the Borsa Italiana Official list. FTSE MIB index is also the underlying asset of futures, mini-futures and options, listed on IDEM, the derivatives Market of Borsa Italiana. Companies which belong to FTSE MIB index are also traded After Hours. For further information about trading hours, please read the trading hours table. |
FTSE Italia Mid Cap |
The index consists of the first 60 shares by capitalisation and liquidity following the companies which belong to FTSE MIB. |
FTSE Italia Small Cap |
The index consists of all the others shares which do not belong either to FTSE MIB or FTSE Italia Mid Cap. |
FTSE Italia Micro Cap |
The index is comprised of all the shares with a market capitalisation lower than the lowest value of FTSE MIB constituents, which are not in the FTSE Italia All Shares. |
FTSE Italia All– Share |
The index includes all the constituents of FTSE MIB, FTSE Italia Mid Cap and FTSE Italia Small Cap. |
FTSE Italia STAR |
The Index includes shares of the companies belonging to the STAR segment. |
For further information about the listing process and the listing requirements, please contact the Primary Markets Team at Borsa Italiana. Tel. 0272426256.
MTA International |
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