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Borsa Italiana Makes Final Switch to S&P Index

EXCHANGE WATCH

IDEM, the Italian derivatives market of the Borsa Italiana, is to end trading of its own index product in September and switch all trading to a new benchmark index for the Italian market that was developed with Standard & Poor’s.

The new index, the S&P/MIB, has been traded on the exchange since March. Since then, the exchange has been involved in structuring new derivatives on the index and ensuring traders are happy with the index. Now that it is sufficiently established, contracts on the old

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