Testa (Italian Stock Exchange): creating a system and overcoming structural limits of the Italian market

Testa Italian Stock Exchange creating a system and overcoming structural

(Finance) – “A speech, that of the Governor of the Bank of Italy, attentive to the technological developments taking place and aware of the current complex macroeconomic scenario. Never before has It is necessary to create a system to be strong in Europe and thus counteract the ongoing geopolitical divisions that pose risks for the economies of Europe and Italy”. Fabrizio TestaCEO of Borsa Italiana-Group Euronexton the sidelines of the annual congress of Assiom Forex, the association of financial market operators, underway in Genoa.

“In this sense, Euronext is well positioned and committed to create a single capital market in the EU, and the increasingly central role of Borsa Italiana in this context is evident – he explained – With the migration of our markets to the Euronext Optiq trading platform, we are today part of the largest single liquidity pools of Europe. The expansion of the Italian Clearing House, which has already partly taken place and will be completed this year, will make it possible to serve the European markets. Furthermore, the recent decision of the European Commission to trade the Next Gen Bonds on MTS EU, accompanied by the exceptional performance recorded so far, is giving considerable importance to European bonds, confirming the efficient and innovative Italian infrastructures”.

“In terms of prices, the last three years have seen Borsa Italiana among the most dynamic stock exchanges in Europe – he added – However, to be truly competitive it is it is essential to encourage and support systemic reforms. Initiatives such as the Capital Bill, just approved in the Chamber, and the Capital Market Manifesto, are crucial to give further impetus and strengthen our market. I gather, from the reflections heard in this Assiom Forex 2024, the awareness of the social role of the capital market to support the growth and development of companies, resulting in the creation of value and greater revenue. I also understand the desire of operators and stakeholders to create a system and overcome the structural limits of the Italian market”.