The Borsa Italiana Board Of Directors Votes To Change The Trading Hours

The Board of Directors have voted to change the trading hours of the markets organised and managed by Borsa Italiana. This will bring them into line with those of the principal European markets, as required by the European Market Model.

Notably, the end of the auction phase and the start of continuous trading on the MTA and Nuovo Mercato markets will be brought forward.

These changes will effect the trading hours on the IDEM and MCW markets: the start of trading on these markets will be moved up to coincide, respectively, with the end of the pre-auction phase and the start of continuous trading on the stock market (IDEM: 9:00, MCW: 9:10).

Trading hours will be changed as follows:

MTA blue chip and STAR segments and Nuovo Mercato:

1. the end of the pre-auction phase will be brought forward to 9:00.
2. the start of continuous trading will be brought forward to 9:10, after the contracts have been validated and matched.

Segmento di Borsa Ordinario, MTF segment, class 2 and Mercato Ristretto:

1. the pre-auction phase will be extended by five minutes to 10:50.

MTF segment, class 1:

1. the start of continuous trading will be brought forward to 9:10.

The effective date for these new hours will be announced subsequently.