(Finance) – “We are very committed to financial education, especially against entrepreneurs and managers who have not yet approached the capital markets and therefore have not yet benefited from alternative sources to bank funding. With the Elite and Ipoready programs we try to make this type of speech. ” Fabrizio TestaCEO of Borsa Italiana, on the sidelines of the 31st congress of financial market operators, organized in Turin by Assiom Forex.
“What the bag and capital markets allow – is by opening the risk capital therefore with an ipo or by issuing bonds – is precisely that of diversify, but above all also to make an effort in terms of governance and transparencywhich instead in private markets is difficult to find – he added – we are working with stakeholders precisely to promote this culture of L’Aquity, which in other countries – especially if I think of Scandinavia – is much more accentuated “.
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Comment on the 2024 budget of Euronext Just published, he said: “The numbers we have published speak for themselves: 1.6 billion euros of revenues, 1 billion of Adjusted Ebitda and almost 700 million of profit rectified at the group level are sensational. What I am pleased is that if in the last 3-4 years the group has Invested almost 500 million just to achieve this type of results, most have arrived in Italy With the expansion of Clearing House – and even today when President Mocio and Governor Panetta speak of response to fragmentation, one is precisely on the part of the post trading and we have practically invested in the Italian Clearing House to give services to all the products of the seven EURONEXT Federation bags. This has already happened and in fact i Results of the last quarter reflect this important jump – three times compared to what he did before – and we announced the purchase of derivatives from the Nasdaq Nordic, and also there it means that the derivatives that are negotiated in the countries of the northern Europe will be compensated in Rome, which is the headquarters of the compensation and guarantee case “.
“Now we are focusing to do it same path with the central custodian, then our Monte Titoli – He told Testa – in the group we have three more, but Monte titles being the largest will be the one that will benefit from consolidation and therefore will attract how we have already done for example for Stellantis Which was in Euroclear France we brought it to Mount Titles Milan, but we will continue this path “.
“Our path does not focus only on the shareholder, but also on thebond – underlined the number one of Borsa Italiana – with Consob we streamlined the listing activity in Italy and therefore we already have Bring 34 billion of emissions that were previously in Luxembourg we brought them back to Milanboth on the MOT as listing and then in the central depositary which is Monte Titles “.
The next launch of the Cash-Sectled Mini Futures on European government bonds is instead described as “one of the consequences of having invested in the Italian Clearing House so that it became a European Clearing House. Now we can build new products, and this is one, because for Build derivative products you have to have a clearing house. London Stock Exchangeit’s not that he followed us on our projects. Now, however, seen both private and institutional investors, and then those who make algorithmic trading, need this type of product, with relatively lower size than the same contracts that we find in Frankfurt now We will launch the Mini Bond Futures, I think in the second half of the year, from September to November“.