ExtraMOT - The market for corporate bonds
ExtraMOT is the multilateral trading facility, regulated by Borsa Italiana, for the trading of corporate bonds of Italian and non-Italian issuers already listed on other regulated markets of the European Union, branded bank bonds and debt securities issued by Italian SMEs.
Created during the second half of 2009 in response to the requirement of intermediaries and investors to be able to trade Eurobonds within an electronic and automated market which, using the same technological platform and the same controls as the MOT, could guarantee transparency and efficiency in the price formation mechanism (as opposed to the opacity that frequently characterises the Over-The-Counter or non-regulated markets).
In February 2013, the new Professional Segment of ExtraMOT was launched, which is dedicated to the listing of bonds, commercial papers and local and project bonds.
The new segment was created to offer to corporates, especially SMEs, a national, flexible and cost effective market through which to take opportunities and tax benefits arising from the new regulatory framework (Italian Decree-Law No. 83/2012).
For any further details on the market structure, please see the links in the Related documents.