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Markets
MTA –Mercato Telematico Azionario |
Download the brochure in pdf ( |
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.
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 Index |
The FTSE MIB Index consists of the 40 most liquid and capitalised stocks listed on Borsa Italiana's (BIt) MTA and MIV markets, selected according to a metric based on size and liquidity. Capturing approximately 80% of the domestic market capitalisation, the Index is the underlying of IDEM futures, mini-futures and options, as well as ETFs and SEDEX covered warrants and certificates. |
FTSE Italia Mid Cap Index |
This index consists of the top 60 shares ranked by company full market capitalisation outside the FTSE MIB Index which qualify after the application of the liquidity and free floats screens. Foreign companies and secondary lines are not eligible for inclusion. |
FTSE Italia Small Cap Index |
This index captures the performance of small shares outside the FTSE MIB Index and FTSE Italia Mid Cap Index which qualify after the application of the liquidity and free floats screens. Foreign companies and secondary lines are not eligible for inclusion. |
FTSE Italia Micro Cap Index |
All shares whose market capitalisation is below the smaller of the FTSE MIB constituents which are not in the FTSE Italia All-Share Index because they fail to pass the liquidity screen are eligible for inclusion in the FTSE Italia Micro Cap Index. |
FTSE Italia All– Share Index |
This index comprises of all constituents in the FTSE MIB, FTSE Italia Mid Cap and FTSE Italia Small Cap indices. |
FTSE Italia STAR Index |
All shares listed in the STAR segment of MTA market are eligible for inclusion in the FTSE Italian STAR Index. Differently from other indices, dual class shares, foreign shares and shares that do not pass the liquidity screen are also eligible for inclusion. |
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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Last update: May
6 2013 - 14:38
Borsa Italiana – Equity Markets
Discover the new brochure dedicated to trading on Borsa Italiana Equity Markets.
Download the document in PDF (
file pdf - 2 MB)
Trading Calendar 2013
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