MTA International

Starting August 8^th 2007 eight new shares are traded on MTA International, Borsa Italiana’s segment market dedicated to the trading of shares of non Italian issuers already listed in other EU regulated markets.

The new eight shares are: 

• BASF AG
• BAYER AG
• BMW AG
• CARREFOUR SA
• CREDIT AGRICOLE SA
• L’ORÉAL SA
• RWE AG
• SAP AG

These new admissions bring up to 35 the number of shares traded on the MTA International segment which was launched in July 2006 with ten shares and in its first year of activity has recorded a constant increase both in terms of tradable instruments and turnover. In July 2007 MTA International daily average turnover totalled 12.5 million euro compared to 1.1 million euro in July 2006. The highest daily turnover was reached in April 25^th with 42.2 million euro.

MTA International trades some of the most liquid Euro zone shares, in particular, most of those belonging to the Euro Stoxx 50 index, capitalising on Borsa Italiana’s low cost trading and post-trading infrastructure. Settlement time limits other than T+3 mirror  the characteristics of the European regulated home market of these financial instruments. As for all other MTA International shares, a trading specialist will fuel liquidity for the new eight ones. Contracts concluded are guaranteed by CC&G’s Central Counterparty, similarly to the other MTA market contracts.