Borsa Italiana is one of the major European stock exchanges. What is its role?

Borsa Italiana’s mission is to develop markets focusing on transparency, liquidity, competitiveness and efficiency. Since 2007 Borsa Italiana has been part of the London Stock Exchange Group and this means being at the centre of the leading market in Europe in terms of shares transactions. Our role is to manage and control the negotiations and the responsibilities of operators and issuers. National and international intermediaries are connected to the market by a fully electronic system of negotiations, which ensures transactions are executed in real time.

How can Borsa Italiana help market efficiency?

Firstly, by continuous innovation of the platforms which are the base of daily negotiations. However, Borsa Italiana’s capacity to attract capital from overseas is the main factor. The listing of ENAV on the stock market, attracting investors from across the globe, confirms our ability to keep major international investors interested, with more than 8,000 funds and 1,460 investment houses worldwide having invested in the principal Italian shares.

ENAV boasts excellent operating performance. Is this sufficient for success in the market?

ENAV’s IPO was a huge success with demand that exceeded the offer by 8 times. The company attracted investor confidence mainly by guaranteeing lasting results. It is an excellent visiting card for the market and the listing will stimulate ENAV to weigh up daily against the opinion of sector analysts and international investors. I am sure the company and its employees will benefit from the opinion of so many professionals.

The listing took place during a period of market volatility. Was it the right choice to proceed at this time?

The outstanding result of the offer, with 759 million euro raised, shows how even in times of high turbulence, financial markets can react well to stimulus from companies that guarantee excellent results over a period of time. This listing is important not only for the ENAV Group, but is a very important milestone for the country as a whole thanks to the influx of funds to the Treasury, which can continue on its path to reducing public debt.