The MIB futures market is based upon the Milano Italia Borsa stock index, which is the primary stock index of Borsa Italiana in Italy. The MIB index consists of 40 companies that represent the diversity of the stocks that are traded on Borsa Italiana. The MIB index is calculated in real time using the prices from the MTA electronic trading system, and the MIB futures market is traded on the IDEM electronic trading system from 9:00 AM to 5:40 PM Central European Time.
Companies
As of July 2008, the MIB stock index includes the following 40 companies :
- A2A
- Alleanza Ass
- Atlantia
- Autogrill Spa
- Banco Popolare
- Bca Mps
- Bca Pop Milano
- Bulgari
- Buzzi Unicem
- Enel
- Eni
- Fastweb
- Fiat
- Finmeccanica
- Fondiaria-Sai
- Generali Ass
- Geox
- Gr Edit L'Espresso
- Impregilo
- Intesa Sanpaolo
- Italcementi
- Lottomatica
- Luxottica Group
- Mediaset S.P.A
- Mediobanca
- Mediolanum
- Mondadori Edit
- Parmalat
- Pirelli E C
- Prysmian
- Saipem
- Seat Pagine Gialle
- Snam Rete Gas
- Stmicroelectronics
- Telecom Italia
- Tenaris
- Terna
- Ubi Banca
- Unicredit
- Unipol
Contract Specifications
The full contract specifications for the MIB futures market are as follows :
- Symbol (IB / Sierra Chart Format) : SPMIB
- Expiration date (as of July 2008) : September 19 2008
- Exchange : IDEM
- Currency : EUR
- Multiplier / Contract value : 5 EUR
- Tick size / Minimum price change : 5
- Tick value / Minimum price value : 25 EUR
Holidays
In 2008, the MIB futures market is open for trading every trading day (Monday to Friday), except for the following holidays :
- January 01
- March 24
- May 01
- August 15
- December 24
- December 25
- December 26
- December 31
Exchange Web Site
The Borsa Italiana web site is available at http://www.borsaitaliana.it/, and provides additional information about the exchange, its trading system, and the MIB index and futures market.
