From Borsa Italiana to the Buyside -Newsletter January 2021

Jan 11 2021 - 10:00

Borsa Italiana Annual Markets Review

Borsa Italiana Global Investors Team wishes you a healthy and successful 2021


Highlights 2020

  • Equities: record volumes and more than €600bn traded yearly
  • Derivatives: extended trading hours on IDEM and launch of MicroFIB
  • ETPs: over €100bn AUM and new annual record for ETFplus RFQ trading
  • Fixed Income: BTP Futura raised almost €12bn on MOT during Covid-19
  • Sustainability: ESG Bonds and ETFs continue to attract investors


Markets Performance in 2020

  • Annual performances: FTSE Italia All Share -5.6%; FTSE MIB -5.4%; FTSE Italia STAR +14.1%
  • Positive monthly performance in December 2020, particularly for SMEs: FTSE Italia Mid Cap +3.4%; FTSE Italia Small Cap +4.2%; FTSE AIM Italia +7.5%

Table: Annual performances by sector


Snapshot: Best performers in 2020 (annual % stock price increase) 


Digital Events

  • Italian Equity Roadshow London 2021 (January 12-14th 2021): link for information - 27 Italian Large/Mid Caps and 1 Alternative Investment Fund (FIA) present their growth strategies in virtual 1to1 with institutional investors
  • Italian Equity Roadshows 2021 Calendar: link
  • Alternative Investment Fund Days: re-watch on demand


Chart of the Month

  • Breakdown of EU Equity Trading - Source: ESMA annual statistical report 2020


Borsa Italiana Equity Trading

  • Strongest year ever by volumes, with 350k average daily number of shares traded
  • €600bn+ equity turnover in 2020, with €2.4bn ADVT (+9.6% YoY)

Chart: Borsa Italiana Equity Turnover and Main Indices (base = 1000 on 30-09-2020) 



IDEM: Italian Derivatives Market

  • Growth in volumes with 25m standard contracts traded in 2020 on IDEM, and €3.4bn ADVT
  • Most traded underlyings: ENEL for stock options, BNP Paribas for single stock futures
  • On 17 February 2020, IDEM extended the trading hours for Futures and MiniFutures on the FTSE MIB index, with continuous sessions opening at 8:00am and closing at 8:30 pm CET
  • On 19 October 2020, IDEM launched the MicroFIB (Micro-futures on the FTSE MIB Index)


ETFplus and ATFund



Fixed Income: MOT and ExtraMOT

  • MOT and ExtraMOT added Closing Auction and CPX in January 2020
  • Two issuances of BTP Futura were completed in July and November 2020, raising €11.8bn aimed at financing Covid-19 recovery


Sustainable Finance


Did you know that...

In 2020 there were 22 IPOs on Borsa Italiana (1 on MTA and 21 on AIM Italia), raising €706m. As at year-end, 377 companies are listed on Borsa Italiana - representing €607bn total market capitalization 


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