Milan Stock Exchange (MIL) .MI

DEFINITION of 'Milan Stock Exchange (MIL) .MI'

Italy's primary securities market, the Milan Stock Exchange (in Italian, Borsa Italiana) traces its origins to the 1808 establishment of Milan's Borsa di Commercio (commodities exchange). The first company share was listed in 1859, and banking and railway companies joined the exchange in the 1870s. Electronic trading became fully operational in 1994, and the Exchange became privatized in 1998.

BREAKING DOWN 'Milan Stock Exchange (MIL) .MI'

In 2007, the Milan Stock Exchange merged with the London Stock Exchange to create one of the largest exchange groups in Europe, comparable in the number of listed companies (around 3,400 in 2008) to the BME Spanish Exchanges. Its main indexes are the capitalization-weighted S&P/MIB, which includes the index's 40 biggest companies over 10 sectors, and the MIBTEL.

RELATED TERMS
  1. Italian Derivatives Market

    A derivatives exchange headquartered in Milan, Italy. The Italian ...
  2. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  3. Primary Listing

    The main stock exchange where a publicly traded company's stock ...
  4. Regional Stock Exchange

    A place outside of a country's primary financial center where ...
  5. Listed Security

    A financial instrument that is traded through an exchange, such ...
  6. Listing Requirements

    Various standards that are established by stock exchanges (such ...
Related Articles
  1. Professionals

    Exchange Market Structure

    CFA Level 1 - Exchange Market Structure. Contrasts the call and continuous market structures. Showcases the structural differences between regional, national and OTC markets.
  2. Investing Basics

    What's an Exchange?

    An exchange is an organized marketplace where securities and other financial instruments are traded.
  3. Professionals

    Exchange Markets

    Worldwide, there are over 100 securities exchanges where buyers and sellers meet to exchange goods and services in an organized, orderly fashion. Before we proceed, beginners should refer ...
  4. Professionals

    THE EXCHANGES

    The Exchanges The most recognized stock exchange in the world is the New York Stock Exchange or the NYSE. There are, however, many exchanges throughout the United States that all operate in a ...
  5. Personal Finance

    The Birth Of Stock Exchanges

    Learn how British coffeehouses helped give rise to the juggernaut that is the NYSE.
  6. Investing Basics

    What is the Stock Market?

    A stock market is where shares in corporations are issued and traded. Stock markets are key components of a free market economy.
  7. Investing Basics

    Explaining Foreign Exchange Risk

    Foreign exchange risk is the chance that an investment’s value will decrease due to changes in currency exchange rates.
  8. Investing

    Trading Over the Counter

    OTC trades tend to be for smaller company stocks and debt securities. Debt securities such as bonds are generally traded by investment banks making markets for specific issues.
  9. Economics

    Macroeconomics: Currency

    By Stephen Simpson For citizens of different countries to conduct trade, they have to buy and sell each other's currencies. The price of a nation's currency, expressed as an amount of a second ...
  10. Investing Basics

    Stocks Basics: How Stocks Trade

    Most stocks are traded on exchanges, which are places where buyers and sellers meet and decide on a price. Some exchanges are physical locations where transactions are carried out on a trading ...
RELATED FAQS
  1. Can stocks be traded on more than one exchange, such as, for example, on both the ...

    A stock can trade on any exchange on which it is listed. And to be listed it must meet all of the exchange's listing requirements ... Read Answer >>
  2. How does a company switch from one stock exchange to another?

    A publicly traded company can, in fact, switch to a stock exchange that it believes will be favorable to its financing efforts. ... Read Answer >>
  3. What are the historical beginnings of the securities industry?

    Learn the history of securities trading, beginning in 12th century France and leading to world financial market centers in ... Read Answer >>
  4. What are the rules behind the delisting of a stock?

    The criteria to remain listed on an exchange differs from one exchange to another. On the New York Stock Exchange (NYSE), ... Read Answer >>
  5. What are all of the securities markets in the U.S.A?

    There are three major U.S. financial securities markets which are: New York Stock Exchange (NYSE): NYSE is a stock exchange ... Read Answer >>
  6. Why are traders on the floor of the exchange?

    Before the advent of electronic trading platforms, the floor of the stock exchange was the location for market transactions ... Read Answer >>
Hot Definitions
  1. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  2. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  4. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  5. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  6. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
Trading Center